Hocol, a subsidiary of Ecopetrol, announced that its president, Luis Enrique Rojas, has submitted his resignation to the Board of Directors, which has accepted it.
During the forum “Energy Security and Sovereignty: Building a Sustainable Future”, experts from Colombia’s energy sector raised urgent concerns about the country’s gas shortages, regulatory hurdles, and rising energy tariffs.
Propane is the primary cooking fuel for millions of Colombians. It offers a cleaner alternative to firewood or coal which pose serious health and environmental risks. However, the propane sector is now facing a crisis due to the government’s failure to pay subsidies, a situation that could leave one million families without access to this essential fuel.
Canacol Energy Ltd. released its annual reserves report for the fiscal year ending December 31, 2024, detailing the company’s conventional natural gas and crude oil assets in Colombia.
Hocol become the center of controversy following a series of leaks, calls for investigations, and a rumored conflict between its president, Luis Enrique Rojas Cuéllar, and Ecopetrol’s CEO, Ricardo Roa Barragán.
Colombia faces an urgent challenge as its natural gas reserves continue to decline. According to Frank Pearl, president of the Colombian Petroleum and Gas Association (ACP), the country must take immediate action to regain its energy sovereignty.
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