(Energy Analytics Institute, 14.Apr.2022) — Colombia’s President Iván Duque talked about Colombia’s oil production potential, coal production, and Colombia’s relationship with the US during a televised interview with Bloomberg during his trip to New York. Excerpts from his interview follow. Highlights — Colombia has a chance to sale more oil […]
Tag: Ivan Duque
Colombia Launches Green Taxonomy at NYSE
(Energy Analytics Institute, 11.Apr.2022) — Colombian officials including President Iván Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister José Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) to launch the South American country’s green taxonomy, an instrument designed to mobilize resources from […]
Colombia’s President Iván Duque Márquez During CERAWeek
(Energy Analytics Institute, 7.Mar.2022) — Colombia’s President Iván Duque Márquez spoke in an interview with Daniel Yergin on 9 Mar. 2022 during CERAWeek by S&P Global. Excerpts from that discussion follow. Related to energy security and the energy transition: Iván Duque: In terms of energy security and energy transition, I […]
Colombia’s President Says Any Solution for Venezuela Must Come Through Elections
(Reuters, 7.Mar.2022) — Colombian President Ivan Duque on Monday said any solution for Venezuela’s future, whose humanitarian crisis under President Nicolas Maduro has hit neighboring nations with an influx of migrants, must come through genuine, transparent presidential elections. A top delegation from the U.S. government traveled to Caracas since the […]
Colombia inaugurates Isagen’s Guajira I project
PANAMA CITY, PANAMA (Energy Analytics Institute, 21.Jan.2022) — Colombia’s President Iván Duque and the country’s Mines and Energy Minister Diego Mesa finally inaugurated Isagen‘s Guajira I project. Guajira I is the largest wind farm in Colombia and the first built in more than 17 years in the country after Jepírachi […]
NRGBriefs: Colombia’s Hydrogen Roadmap
(Energy Analytics Institute, 4.Oct.2021) — Energy briefs including Colombia’s President Iván Duque Márquez launching the country’s hydrogen roadmap for the next decade during an event in Barranquilla; Trinidad and Tobago’s Minister of Finance Colm Imbert eying bid rounds; and more. Argentina — Lithium South Development Corp. (TSX-V: LIS) (OTCQB: LISMF) […]
Colombia Briefs: Oil Production Impacts, Duque On Protests
(Energy Analytics Institute, 18.May.2021) — Energy briefs from the Latin America and Caribbean region including: Colombia’s President Iván Duque saying his government was pursuing national dialogue with the multiple groups involved in protests across the South American country, and ongoing protests in Colombia impacting on oil producers Gran Tierra and […]
LatAm Briefs: Petrol Shortages In Cali, Salary Deal In Argentina
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: foodstuff and petrol shortages in Cali, Colombia and Argentine entities reaching a salary agreement. Foodstuff And Petrol Shortages In Cali Shortages of foodstuffs and petrol have been reported in Cali, Colombia as a result of […]
Colombian President Urges Dialogue
(Reuters, 4.May.2021) — Colombian President Ivan Duque said on Tuesday the government is ready for national dialogue after days of protests led to over 20 deaths and international concern about excessive use of force by police. The protests, set to continue on Wednesday, were originally called in opposition to the […]
Ivan Duque Officially Opens Trina Solar Plant
(Trina, 27.Jan.2021) — The second phase of the Los Llanos photovoltaic power plant project developed and managed by Trina Solar in Colombia has been connected to the grid and the start of its commercial operations officially declared. The President of Colombia, Iván Duque Márquez, cut the ribbon at the delivery […]
Maduro Condemns Amuay Attack, Blames Duque
(Energy Analytics Institute, 29.Oct.2020) — Venezuela’s leader Nicolás Maduro Moros says the Amuay refinery in Punto Fijo in Falcón state was attacked by terrorist groups with backing from Colombia. “What has happened is something very serious, it’s an act by terrorist groups that Iván Duque is preparing from Colombia to […]
Colombia’s First Fracking Could Start In Late 2021
(Platts, 6.Oct.2020) — The first fracking in Colombia could come by the end of 2021, after companies obtain necessary environmental permits, energy minister Diego Mesa said Oct. 6 The Colombian government expects to sign the first contracts for pilot projects in November and December and complete environmental impact assessments in […]
Pompeo To Visit Guyana, Suriname, Brazil, Colombia
(US State Department, 15.Sep.2020) — Secretary of State Michael R. Pompeo will travel to Paramaribo, Suriname; Georgetown, Guyana; Boa Vista, Brazil; Bogota, Colombia; and Plano, Texas, September 17-20, 2020. This trip will highlight the United States’ commitment to defend democracy, combat COVID-19 while revitalizing our economies in the pandemic’s wake, and strengthen security against regional threats. […]
Maduro Thanks Iran For Help Overcoming Sanctions
(Reuters, 23.Aug.2020) — Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s oil industry to try to halt the country’s nuclear […]
Colombian Oil Major Reports Surprise Profits
(Oilprice.com, 12.Aug.202) — The March 2020 oil price crash and COVID-19 pandemic has hit the global energy sector hard. In response oil companies are slashing capital spending, driving down costs and shuttering uneconomic operations. The key goals being to preserve cash flow, shore-up balance sheets, protect dividend payments and retain […]
Quiet Destruction Of Colombia’s Shale Potential
(Oilprice.com, 23.Jul.2020) — Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean country bet its economic future on oil and became Latin America’s third-largest oil producer. A combination of deteriorating oil production and low reserves, despite promising […]
Diego Mesa Named As Colombia’s New Mines, Energy Minister
(Energy Analytics Institute, 26.Jun.2020) — Colombia’s president Ivan Duque announced his naming of Diego Mesa as the country’s new Mines and Energy Minister, replacing María Fernanda Suárez, who resigned for personal reasons. Mesa, aged 38, most recently served as Colombia’s Deputy Oil Minister, and holds a master’s degree from the […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign to unseat President Nicolas Maduro. Guaido turned up in Colombia today in the initial leg of his first journey outside Venezuela since an ill-fated February […]
Colombia Inks $2.7bn In Investment Commitments
(ANH, 20.Dec.2019) — With 31 exploration and production (E&P) contracts subscribed and investment commitments of more than $2,714 million in 2019, the government of Colombia’s President Ivan Duque fulfills the country and continues the sector reactivation, according to Colombia’s National Hydrocarbons Agency (ANH). In a long contract subscription day, held […]
Ecopetrol Tapped For Emergency $1bn
(Forbes, Dylan Baddour, 10.Dec.2019) — As protesters continue to push demands in Colombia, the government here has asked its oil company, Ecopetrol S.A., for a billion-dollar dividend to cover its commitments. The combination of planned tax cuts for corporations, plus new tax cuts and for low income earners offered to […]
Low Coal Prices To Impact Colombia’s Wallet
(Reuters, Julia Symmes Cobb, Nelson Bocanegra, 26.Sep.2019) — Colombia, the world’s fourth-largest exporter of coal, faces a potential spending crunch in 2020 as royalties from the fuel decline amid a supply glut and slowing economic growth in China. The fuel provides some 80% of the Andean country’s mining royalties, totaling […]
Colombia’s Iván Duque On Climate Change, Venezuela
(NBC, Claire Atkinson, 27.Jun.2019) — Advertising can help combat climate change, says Colombia’s president, Iván Duque, who recently spoke at the Cannes Lions International Festival of Creativity about the significance of the orange economy — as the cultural and creative industries are known. In a brief conversation with NBCNews.com, Duque […]
Heard On The Street Colombia: Fracking, Budget Price, Shale, Gas Supply
(Energy Analytics Institute, Aaron Simonsky, 9.Jun.2019) — Heard on the street related to the Colombian upstream, midstream, downstream and renewable energies sectors. — Colombia’s state oil company Ecopetrol plans to spend $500 million between 2019-2021 on an unconventional project that includes drilling 20 wells to gauge community interest and potential […]
Readout Of Secretary Perry’s Visit To Bogota, Colombia
(Energy.gov, 13.May.2019) — Today, U.S. Secretary of Energy Rick Perry was in Bogotá, Colombia for the Concordia Americas Summit, a gathering of government and private sector leaders held to discuss a range of issues impacting Colombia and the broader Latin American region. Secretary Perry addressed the Summit about the desire […]
Colombia Temporarily Suspends Search For Electricaribe Buyer
(Reuters, 1.Dec.2018) — The government ordered the liquidation of the company – a subsidiary of Spain’s Gas Natural – in March 2017 because of service provision failures, after taking temporary control of Electricaribe’s assets. Colombia has temporarily suspended its search for a buyer for beleaguered energy company Electricaribe, President Ivan […]
Colombia’s Cano Limon Pipeline Hit By New Bomb Attack
(Reuters, 10.Nov.2018) — Colombia’s state-run oil company Ecopetrol said on Saturday it was mounting another cleanup operation after a bomb attack on the Cano Limon pipeline. The attack is the 78th this year on the 485-mile (780-km) pipeline, which has been out of service for much of 2018 because of […]
Colombia Plans Mexico-Style Oil Hedge After Recent Volatility
(Bloomberg, Matthew Bristow, 31.Oct.2018) — Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years. The financing bill to be presented to Congress Wednesday proposes the creation of a fund that can buy derivatives from “foreign entities […]
Ecopetrol Seeks License To Start Fracking Tests In Colombia
(Reuters, Luis Jaime Acosta, 29.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license to launch a pilot plan to explore for crude oil from unconventional deposits using fracking technology, its chief executive said. Felipe Bayon told Reuters late on Friday the plan, which could triple Colombia’s proven […]
Ecopetrol Cuts Planned 2018 Spending To $3-$3.5 Bln
(Reuters, Nelson Bocanegra & Julia Symmes Cobb, 15.Aug.2018) – Colombia’s state-run oil company Ecopetrol said it will invest $3 billion to $3.5 billion during 2018, less than previously estimated, because of spending delays and protests which closed three fields during the first quarter. Ecopetrol originally planned to invest $3.5 billion […]
Andrade Calls Out to Duque Over Odebrecht Case
(TheAndradeStory.com, 13.Aug.2018 – On Thursday (8/9) afternoon, the Office of the Attorney General of Colombia announced two new charges against the former head of the National Infrastructure Agency (“ANI”), Luis F. Andrade. These are in addition to eight previous charges placed against him last year related to the Odebrecht corruption […]
Colombia Could Create New Oil Bid System
(Reuters, Luis Jaime Acosta, 24.Jul.2018) – Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated cancellations of its latest oil round. The changes, including contracts adjusted to international crude […]
Colombia Names New Mining Minister
(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) – Colombia’s President elect Iván Duque named Ecopetrol Executive Vice President María Fernanda Suárez as the country’s new mining minister, according to reports in the daily newspaper La Republica. ***
Cano Limon-Covenas Pipeline Restarts After 180 Days
(Reuters, 17.Jul.2018) – Pumping through the Colombia’s Cano Limon-Covenas oil pipeline restarted after a 180-day stoppage due to repeated attacks by Marxist ELN rebels, military and industry sources said on Tuesday. The 485-mile (780-km) pipeline has been attacked 58 times this year by the National Liberation Army (ELN), the country’s […]