Tag: oil and gas

Annual reduction in drilling activity and production drops by 25%

Annual reduction in drilling activity and production drops by 25%

According to the latest drilling and production report prepared by the Colombian Chamber of Oil, Gas and Energy Goods and Services (Campetrol) for the month of November, the total activity displayed an annual reduction of 25.2%, registering 116 active teams. These data represent a decrease of 39 teams for Campetrol compared to November 2022, the […]

Ecopetrol President said they would execute new exploration contracts

Ecopetrol President said they would execute new exploration contracts

He recalled that the decision to open new oil and gas exploration areas belongs to the national government, which must maintain the balance between autonomy and national sovereignty and the availability of resources to meet the growing demand for fuel in the national context. He indicated that one of his management’s challenges is accelerating the […]

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% […]

It needs to be defined how they will handle new oil and gas contracts”: Aciem

It needs to be defined how they will handle new oil and gas contracts”: Aciem

The decision to stop signing contracts puts the country at risk and faces a possible economic “blackout,” said Daniel Enrique Medina, president of the Colombian Association of Engineers, Aciem. Faced with the future of oil and gas contracts, the union insisted that the national government should review this ambitious decision and rethink the hydrocarbon exploration […]

Strong criticism of Minmina’s oil and gas contract announcement

Strong criticism of Minmina’s oil and gas contract announcement

Former Senator for Dignity Jorge Enrique Robledo he trembled: “With their nonsense they have ridiculed Gustavo Petro and the minminas Irene Vélez in Davos. Mrs. Irene’s insistence on no new hydrocarbon contracts reminds me of Goyeneche’s magic formulas (their parents explain to the youngest). Harmful to Colombia”. The President of the Colombian Association of Oil […]

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