Cocaine revenues are now surpassing remittances as a source of funds flowing into Colombia’s economy, according to new estimates presented by economist Daniel Mejía of Universidad de los Andes.
Senator José David Name (Partido de la U) introduced a bill in Congress that seeks to reshape how Colombia distributes the benefits of oil and gas production, creating new mechanisms for landowners, communities, and security forces.
At the XXII Colombian Oil, Gas and Energy Congress, hosted by Acipet, Ecopetrol’s Vice President of Exploration and Development, Juan Carlos Hurtado, laid out the company’s roadmap for maintaining and expanding production in a tightening energy landscape.
At the XXII Colombian Oil, Gas, and Energy Congress, technology company ABB presented a portfolio of innovations aimed at supporting Colombia’s energy transition.
Colombia could soon unveil significant announcements about offshore gas exploration in the Caribbean Sea, according to statements by Orlando Velandia, president of the National Hydrocarbons Agency (ANH), during the XXII Colombian Oil, Gas, and Energy Congress organized by Acipet.
President Gustavo Petro reignited debate over Colombia’s energy future by suggesting Ecopetrol (NYSE: EC) should sell its stake in the Permian Basin in Texas, a joint operation with Occidental Petroleum (OXY), to redirect resources toward clean energy projects at home.
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