Ecopetrol (NYSE: EC) announced a temporary shutdown of one of the 56 units at its Barrancabermeja refinery in March 2024. The maintenance, which occurs once every three decades, has been in planning for over three years.
The Colombian government, with a legal team comprising specialized attorneys from the National Agency for Legal Defense of the State (Andje) and external advisors, will defend itself before the International Centre for Settlement of Investment Disputes (ICSID) against a lawsuit filed by Chinese-owned but Canada-based mining company Continental Gold Inc.
We had planned to write about gas prices this week anyway but then on Friday, February 7th, one of the country’s biggest gas distributors, Vanti, said prices in some areas would have to go up by 36%. That got everyone’s attention
Natural gas production was down again in December of 2024, according to the figures posted on the ANH’s website.
The Colombian government’s push to sell Ecopetrol’s (NYSE: EC) stake in the Permian Basin (Texas, USA), where it operates in partnership with oil giant Occidental Petroleum (NYSE: OXY), has triggered warnings from multiple stakeholders, including Citi, labor unions, and industry associations.
The Energy and Gas Regulatory Commission (CREG) issued a draft resolution aimed at facilitating the transportation of natural gas by utilizing underused or soon-to-be decommissioned infrastructure.
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