Thursday, December 19, 2024
Colombia's Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023- oil and gas 360

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Reuters BOGOTA – Colombia’s majority state-run oil company, Ecopetrol, will make up to $15 billion of organic investment between 2021 and 2023, it said on Tuesday, as it reported an 87.3% drop in 2020 net profit.The company will invest $12 billion to $15 billion over the next three years, Ecopetrol said in a statement, averaging $4 billion to $5 billion

Top executives of Texas electric grid resign after storm failure-oil and gas 360

Top executives of Texas electric grid resign after storm failure

Reuters HOUSTON  – Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday. The board’s chairman, vice chairman, three directors and a board nominee of the Electric Reliability Council of Texas (ERCOT), all of whom live outside

U.S. public power/natgas groups urge Biden to cap prices in last week's freeze-oil and gas 360

U.S. public power/natgas groups urge Biden to cap prices in last week’s freeze

Reuters Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and authorize the secretary of energy to cap the price of gas. In a Feb. 19 letter to Biden, the American Public Power Association (APPA) and the American Public Gas Association (APGA) said the recent

Cheniere expects gradual rise in LNG demand with COVID-19 vaccine rollout- oil and gas 360

Cheniere expects gradual rise in LNG demand with COVID-19 vaccine rollout

Reuters Cheniere Energy Inc raised its full-year adjusted core earnings forecast on Wednesday, expecting incremental growth in demand for liquefied natural gas as COVID-19 vaccinations boost economic activity that had slumped due the health crisis. Lockdown measures implemented to curb the pandemic slashed demand for energy and hurt prices for natural gas in 2020. But with economic recovery in Asia,