IAHL Corporation (IAHL)

[energybuyer]

The need for a carefully considered transition is well recognized by the government. In a recent interview with Bloomberg, Minister Muhamad acknowledged that the process will involve “a huge economic transformation.” However, she stressed that the replacement “investment portfolio is focused on developing sectors that [the government] believes could begin to replace oil revenues.”

[energybuyer]

Colombia is seeking credit from abroad to help fund its transition towards decarbonisation and energy and economic diversification. During an interview at Climate Week in New York, Minister Muhamad said that she will publicly announce Colombia’s energy transition plan at an economic fair on October 2. Muhamad expects up to US$10 billion of funding to come from international financial institutions and more economically developed countries, in line with the government’s proposals to exchange debt for climate action

[energybuyer]

Colombia to Unveil US$40 Billion Plan for Clean Energy Transition

[Candid One]

I'm gathering that this pink stock con job is gonzo . Can we all finally agree that this was all a scam from the start please .

[energybuyer]

Colombia is leading the discussion on how to carry out a truly fair climate and energy transition. We're on the way to consolidating a donor group that will allow us to achieve an important financial package for the country," Environment Minister Susana Muhamad said in New York on Thursday.
Colombia will host the COP16 United Nations biodiversity conference in Cali at the end of October

[energybuyer]

Colombia launches $40 billion investment portfolio for energy, climate transition

[energybuyer]

With the analysts' estimates for 3.3% growth in world GDP in 2025, energy consumption could expand by six to nine million barrels of oil per day, so long as the global economy avoids a hard landing or a trade war. That totals as much as 3% growth in global energy demand.

[energybuyer]

Investors have turned bearish on oil amid fears of an OPEC+ price war and weak China oil demand.

But if world GDP grows 3.3% next year, energy demand will likely surge, Bank of America says.

They say the AI boom will spark data center demand, driving global energy consumption higher.

[energybuyer]

Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says

[JEFFRO1]

Nope

[Candid One]

Is anyone really buying this nonsense?

[Gators12]

Colombia is among 13 countries that have endorsed the Fossil Fuel Nonproliferation Treaty, which calls for ending the expansion of new fossil-fuel projects — something scientists say is necessary to meet global climate goals.

[Gators12]

ago. Susana Muhamad, Colombia’s environment minister, said in an interview during New York Climate Week that she will make the plan public at an economic fair on Oct. 2. She hopes that as much as $10 billion will come from international financial institutions and developed countries.“All of this is a huge economic transformation,” Muhamad said. “The portfolio of investments is around developing sectors that we think could start replacing oil revenues.” She added that the money will go to nature-based climate solutions, clean energy and electrification of transport, as well as projects that improve agricultural practices and protect biodiversity.

[Gators12]

Colombia is set to announce a $40 billion investment plan aimed at replacing fossil-fuel export revenues that are expected to decline after the country ended new oil and gas exploration two years ago.

[energybuyer]

Inventories Have Been Drawing Down
What we have also seen over recent months is relatively bullish changes in inventories. Although draws have been inconsistent relative to seasonal averages, crude oil inventories in particular have drawn down quite significantly over the past three months. Even though total crude and petroleum inventories have not drawn to the same extent, US crude inventories now stand at five-year lows.

[energybuyer]

US oil production continues to show signs of stagnant growth

With sentiment and positioning at all-time bearish levels, oil prices are poised for a significant short-squeeze to the upside.

Should US oil production growth continue to disappoint, the energy bull market is likely to continue

[energybuyer]

Crude Oil Primed for Explosive Short-Squeeze as Bearish Sentiment Peaks

[Candid One]

It amazes me , all the lies told by this corporation and even moreso the continued deception by the enablers on this message board .

[energybuyer]

The Uchuva-2 well that was suspended is an important hope for Colombia's dwindling gas reserves, which closed last year at 2.4 trillion cubic feet, equivalent to 6.1 years of consumption, the government's National Hydrocarbons Association reported.
The project's potential reserves are equivalent to 2.5 times Colombia's current reserves

[energybuyer]

Absent incentives and authorizations to encourage domestic gas output, the country is expected to be forced to expand its capacity to receive LNG imports, which would require the construction of an additional regasification terminal that is not yet in plans and to secure supply contracts, he added.
"The country has to decide whether to rely on imports of LNG... or really support the domestic production," he said.

[energybuyer]

HOUSTON/BOGOTA, Sept 19 (Reuters) - Colombia must decide soon whether to focus on imports of liquefied natural gas (LNG) or encourage domestic output of natural gas if it wants to avoid power blackouts, consultancy Wood Mackenzie's head of Americas Gas and LNG said on Thursday

[energybuyer]

Colombia needs a natgas strategy soon to avoid blackouts, analyst say

[Candid One]

This was always a scam

[Gators12]

He predicted the scarcity of gas would become "severe" by 2026, contributing to an overall energy deficit of 55%.

Data published by natural gas market administrator BMC shows that Colombia's deficit of the fossil fuel will reach 76.5BBTU/d (billion British thermal units a day) in 2025 and 190BBTU/d in 2026.

The situation has been exacerbated by an alarming decline in gas reserves, which fell to 2.37Tf3 (trillion cubic feet) at the end of 2023 from 2.82Tf3/d a year earlier.

The crisis is arguably even more acute in the electric power segment amid severe delays to renewable energy projects, transmission bottlenecks and a lack of opportunities for thermoelectric generators.

[Gators12]

GEB) president Juan Ricardo Ortega has warned that Colombia must take urgent action to avoid imminent gas and electricity shortages.

He revealed that the company faces a gas shortfall of 5Mf3/d (million cubic feet a day) by year end amid soaring demand and rapidly diminishing supply.

"We're currently facing a situation in which we don't have the gas needed for December," Ortega said during an energy forum in Bogotá. "Without these five million cubic feet per day, operating the gas compressors will be impossible."

[energybuyer]

But current contracts will be respected, the energy ministry said in a statement.
"The 330 contracts for exploration and exploitation of hydrocarbons in Colombia will be respected," the statement said, adding that oil production has been rising since the new government took office, reaching as much as 779,000 barrels per day.
Of 207 exploration contracts, 117 are active, the ministry said.
"We want to reactivate the remainder to have those resources and take advantage of them correctly," said energy minister Irene Velez in the statement. "We have important gas resources in the Colombian Caribbean which potentially could become reserves and significantly increase the country's horizon of self-sufficiency

[energybuyer]

BOGOTA, Sept 13 (Reuters) - A court in Colombia has ordered the country's majority state-owned energy company Ecopetrol (ECO.CN), opens new tab and Brazilian partner Petrobras (PETR4.SA), opens new tab to halt activities at the Uchuva-2 offshore gas well.
In a court order dated Sept. 11, a judge said activities at the well, on the Tayrona block in Colombia's Caribbean, must stop after the companies failed to properly consult a local Indigenous community about the operation

[energybuyer]

the Andean country is set to extend that capacity by 1,240 MW across 22 projects in 2024, with up to an additional 1,800 MW in 44 projects that are pending permissions and other administrative procedures, the report said.

[energybuyer]

The average time it takes a small renewable energy project to start operating in the country is between around three to six years, 70% of which is taken up by some 15 administrative processes, the report found.
"We call for easing the execution of these projects," the report said. "Current entry times to start operating ... are excessively large compared to the size and impact times of the projects.

[B BALL GUY]

And are any of those projects ours?

[energybuyer]

Reuters) - Colombia's renewable energy sector could get investment of up to $2.2 billion in 2024 across 66 projects that are soon to enter production or waiting to complete paperwork, renewable energy association SER Colombia said on Thursday.

[energybuyer]

Production of hydrocarbons could be affected in the coming days and may affect fuel supplies, Ecopetrol said in a statement, adding that the situation is compounded by social conflict at the company's Gibraltar gas field.
In a later statement, Cenit reported a new attack on the Cano Limon-Covenas pipeline, adding that 15 attacks had taken place against pipeline infrastructure around the same area since August.

[energybuyer]

The truckers are protesting an increase of 1,904 Colombian pesos (45 U.S. cents) per gallon to diesel prices which began on Saturday, arguing the price rise will affect logistics costs and national competitiveness.

[energybuyer]

BOGOTA, Sept 4 (Reuters) - Protests by truckers in Colombia, who are angry at an increase in diesel prices, have cut off the country's biggest cities and are threatening fuel supplies, though the government insists the hike is fair.
The truckers' strike and roadblocks, combined with attacks on the Cano Limon-Covenas and Bicentenario pipelines, also threaten operations at state-run oil company Ecopetrol (ECO.CN), opens new tab, the company said on Wednesday.

[energybuyer]

Meanwhile, the dollar remained steady after Republican presidential candidate Donald Trump was safe following what the FBI said appeared to be a second assassination attempt outside his golf course in Florida.

In the Middle East, Prime Minister Benjamin Netanyahu said Israel would inflict a "heavy price" on the Iran-aligned Houthis, after they reached central Israel with a missile on Sunday for the first time.

[energybuyer]

Lower interest rates will reduce the cost of borrowing, which can boost economic activity and lift demand for oil.

[energybuyer]

Reuters
Oil prices inch up on Fed rate cut outlook

[Candid One]

You've all been had

[Gators12]

Meanwhile, Colombia's broader energy strategy is facing a dichotomy. Despite President Gustavo Petro's climate-focused agenda, which includes halting new drilling licenses, the government is pushing to increase oil production. The Energy Ministry aims to boost output to 1 million barrels per day by revitalizing underutilized exploration blocks. This effort is crucial as oil and coal account for half of Colombia's total exports.

[Gators12]

The proposed work is part of the government’s IPAT gas transport expansion program and aims to guarantee bidirectional transport capacity from Barranquilla on the Atlantic to Ballena in La Guajira.

Promigas has a 51% stake in SPEC LNG, which operates a regasification terminal in Cartagena.

The project will allow the transport of 170Mf3/d within 36 months under a 20-year regulated income scheme.

[Gators12]

Colombia’s efforts to bolster natural gas supply have received a boost with a pledge to advance development of a project to transport the fuel.

In a regulatory filing, gas transport and distribution company Promigas reported that its board ratified its willingness to carry out the Barranquilla-Ballena pipeline project, as announced by energy and gas regulator CREG.

[energybuyer]

The strike group, led by the aircraft carrier USS Abraham Lincoln and its squadron of F-35C fighter jets, was already heading towards the region, where it was scheduled to replace the USS Theodore Roosevelt aircraft carrier. Austin has now ordered it to increase its speed. Additionally, the USS Georgia, a nuclear-powered submarine carrying guided missiles that was already present within the Mediterranean, has been deployed to the area.

Is this an escalation? 12 ships now in the region...this could send energy thru the roof if regional war breaks out.

[energybuyer]

Colombia can expand its position in the global carbon offset market

Our outlook for carbon offsets suggests that in a net zero scenario overall demand could expand to around five billion tonnes by 2050. Colombia has strong potential to increase its investment in offsets, particularly from forestry and land use markets. Projects that can provide high-quality offsets will be able to realise a premium in the market.

[Candid One]

There is some sleight of hand deceptive behavior going on here

[energybuyer]

Hydrogen-to-power strategies are key to decarbonisation pathways in Europe and Asia, making these key potential export markets for hydrogen produced in Colombia. We estimate the levelised cost of hydrogen (LCOH) in Colombia could be similar to Chile’s. Potential export volumes from Colombia would be globally competitive, especially into Europe.

[energybuyer]

Colombia Could Lead Latin America Through The Energy Transition

[B BALL GUY]

Helloooooooooo, anyone there?

[energybuyer]

Cross-border strains between Israel and Lebanon's Hezbollah have been escalating in recent weeks, stoking fears of an all-out Israel-Hezbollah war that could draw in other regional powers, including major oil producer Iran.

"The geopolitical risk premium has been coming back to the market as a war between Israel and Lebanon is likely to see direct involvement of Iran, that would be a concern," Andrew Lipow of Houston-based Lipow Oil Associates said.

[energybuyer]

Reuters
Oil settles slightly up as global supply risks offset US demand concerns

[JEFFRO1]

😂