GeoPark: Colombian production resumes after protests
Jun 1, 2021 1:50:pm
Summary
by: Daniel Graeber
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GeoPark: Colombian production resumes after protests
Latin American-focused oil and gas explorer GeoPark said June 1 it was able to resume operations in Colombia following disruptions from domestic protests.
GeoPark announced May 17 that road blockades and other demonstrations affected operations across three fields in Colombia, two of which were operated by the company.
Strikes across Colombia greeted an April tax reform proposal. Working to alleviate chronic debt, Colombian president Ivan Duque proposed a higher tax for middle- and high-income earners, sparking a major public backlash.
Colombian energy company Ecopetrol said last month that its upstream, midstream, downstream and commercial and marketing segments were all impacted by the social unrest. Apart from road blockades, the company said there had been isolated incidents involving its infrastructure.
Uzbekistan pins hopes on major new gas project
May 27, 2021 1:00:pm
Summary
by: Joseph Murphy
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Uzbekistan pins hopes on major new gas project
Uzbekistan has been a major natural gas producer for many decades. And while some of its largest fields are now past their prime, the country still holds some 1.2 trillion m
3 in proven reserves, according to BP’s latest
Statistical Review of World Energy. The government is eager to capitalise more on this resource, by implementing reforms and attracting more foreign investment to maximise gas recovery.
The Central Asian state produces around 60bn m
3 of gas each year, ranking it as one of the of 20 global gas producers. Around a quarter of this gas is exported, primarily to China, while the rest is consumed domestically. Though Uzbekistan’s basins are mature, new investors continue to enter the country, and a number of new projects are in the pipeline.
Oil and gas production may continue for decades offshore UK but operators will be watched closely for any deviation from the net-zero carbon target. [Gas in Transition, Volume 1, Issue 1]