Investment in gas exploration in Colombia has declined, and incentives for drilling new wells have been limited.
President Gustavo Petro’s recent directive for Ecopetrol (NYSE: EC) to import gas from Qatar has sparked widespread debate, revealing significant logistical and economic challenges that make this demand unfeasible in the short term.
Colombia’s new Minister of Mines and Energy (MinEnergia), Edwin Palma, is planning several internal changes within the ministry to align with the goals set by both himself and President Gustavo Petro.
The Colombian government continues to push its Works for Taxes program, a key initiative aimed at fostering development in regions affected by poverty and violence.
Frontera Energy (TSX: FEC) announced its financial and operating results for 4Q24.
Ecopetrol’s President, Ricardo Roa Barragán, addressed speculation surrounding the Sirius gas wells (formerly Uchuva), located in the Colombian Caribbean Sea.
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