Tag: hydrocarbons

Colombia’s mining sector will contribute $18 billion to the state by 2023

Colombia’s mining sector will contribute $18 billion to the state by 2023

As for the production of strategic minerals for the country, ACM projects that the production by thermal coal and the country’s metallurgical industry will close at about 71.7 million tons in 2023, while that figure would reach 77.3 million tons in 2024. As for coke production, it would end this year at 4 million tons […]

Gas production in Colombia fell 6.54% in April, according to ANH

Gas production in Colombia fell 6.54% in April, according to ANH

The National Hydrocarbons Agency (ANH) reported that average production of commercialized gas in April 2023 showed a 6.54% decline compared to the same month of 2022 (1,028 million cubic feet per day versus 1,100 mcfd). Compared to March 2023, the average production of commercialized gas in the fourth month of the year registered a decrease […]

Decision on new exploration contracts will be taken in 6 months: Bonilla

Decision on new exploration contracts will be taken in 6 months: Bonilla

Finance Minister Ricardo Bonilla assured that the decision to sign new hydrocarbon exploration and production contracts in the country would be made within six months, following the release of a new reserve report from the National Hydrocarbons Agency (ANH). The official explained that this new report will include data that will be assessed, such as […]

The coast has 39% of the country’s proven gas reserves

The coast has 39% of the country’s proven gas reserves

According to the entity associated with the Ministry by Mines and energyLa Guajira is the department with the largest amount of proven gas reserves with 559 giga cubic feet (Gpc, unit of measurement used to determine the volume of a gas) and represents the country one 20% of these reserves. In that order it is […]

Oil companies continue to adjust their operations in Colombia

Oil companies continue to adjust their operations in Colombia

It was recently learned that Geopark intends to cancel the contracts for six oil blocks in Putumayo in which it had not carried out any production activities. Frontera energy assesses the termination of the Caguan 5 and 6 contracts and on the other hand, after attacks in March this year in Caquetá, Emerald Energy asked […]

It should be clear how oil and gas royalties will be replaced: ACP

It should be clear how oil and gas royalties will be replaced: ACP

The president of the Colombian Association of Oil and Gas (ACP), Francisco José Lloreda Mera, assured that clear processes should be established on how the revenues and royalties left to the country from the production of oil and natural gas will be replaced . He recalled that the oil and gas industry accounts for 40% […]

“Ecopetrol will become a benchmark for the energy transition”: Ricardo Roa

“Ecopetrol will become a benchmark for the energy transition”: Ricardo Roa

Making Ecopetrol an international benchmark in the energy transition is one of the key challenges Ricardo Roa Barragán will face as he takes up his position as president of Ecopetrol. He indicated that the company’s major commitment is to make progress in the production of clean and efficient energy. In his first statements to the […]

Oil production increased by 3.2% in the third quarter

Oil production increased by 3.2% in the third quarter

In the first three months of the year, preliminary oil production was 767.5 thousand barrels of oil per day (BPPD), a growth of 3.2% over the same period in 2022. This is according to the most recent drilling and production report from the Colombian Chamber of Oil, Gas and Energy Goods and Services (Campetrol). This […]

Oil production fell in February due to public order problems

Oil production fell in February due to public order problems

Drilling activity has maintained a downward trend for the past three months, ranging from 155 active teams in November 2022 to 142 in February 2023, a drop of 13 shifts (8.4%). Oil rigs went out during this period 60 to 51 with a 15% drop, while the maintenance exercises of 9 went5 to 91, down […]

Felipe Bayón leaves Ecopetrol presidency

Felipe Bayón leaves Ecopetrol presidency

The Board of Directors confirmed the official’s departure and gave him special recognition for the achievements he has achieved at the helm of Ecopetrol since September 2017. “During his tenure, the company achieved excellent operational and financial results that delivered significant benefits in terms of energy sovereignty and increased resources to address the social gaps […]

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