IAHL Corporation (IAHL)

[energybuyer]

Given the costs of the technologies involved, some level of government support will be required for carbon capture, utilisation and storage (CCUS) to see a return on capital. Colombia has yet to announce any CCUS projects, even though it has a net zero target in place and CCUS storage potential. Colombia’s government has indicated policy support for low-carbon hydrogen – to meet its net zero pathway, CCUS has to be part of the equation in Colombia too.

[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 produced around one million barrels a day (mb/d) of oil in 2022 and has valuable product exports to the United States, according to Wood Mackenzie findings. But US efforts under the Inflation Reduction Act (IRA) are designed to propel decarbonisation towards a 1.5 degree pathway. On this pathway – which we explore in our AET-1.5 scenario – oil demand in the US transport sector could fall to less than 1 mb/d by 2050. That would put Colombia’s liquids exports at significant risk.

[Candid One]

For a board that is dedicated to IAHL / Altenesol , there has only been information about every other company but Altenesol . All this info is definitely great for companies other than Altenesol. Go ecopetrol I guess ???

[energybuyer]

Colombia’s National Hydrocarbons Agency (ANH) is expected to invest over $135 million in gaining a better understanding of the country’s renewable energy potential. This funding is part of the government’s four-year development plan, currently being debated in Congress. The government has already pledged not to grant any new hydrocarbon exploration and production contracts, although it will allow companies to continue operations under existing licenses.

[energybuyer]

Currently, between 40% and 50% of the country’s oil exports come from coal and oil, and taxes from oil firm Ecopetrol provide around 9 percent of the government’s income.
Despite its ambitions, a recent report showed that nearly two-thirds of Colombia’s renewable energy projects due online in 2023 and 2024 are currently facing delays.

[energybuyer]

Colombia is getting help from external actors to develop its renewable energy sector. In February, the Climate Investment Funds (CIF), one of the world’s largest multilateral climate funds, announced it would be lending Colombia $70 million at a low interest rate, to invest in its green transition

[energybuyer]

The government hopes that the funding will help to attract a further $280 million from development banks and carbon finance markets. Based on this figure, it expects to stop 1.6 million tonnes of carbon dioxide from being released, or around 1 percent of Colombia’s annual carbon emissions.

[energybuyer]

Colombia has been gradually developing its renewable energy capacity for almost a decade, with Congress passing a law to promote the building of renewable energy projects in 2014. But by 2021, less than 1% of energy in the country came from renewable sources. And while former president Iván Duque introduced a general energy transition policy, his government also continued to promote the production of fossil fuels to support the economy.

[Candid One]

If this is the case , I guess there’s no future for a wannabe LNG company . No gas to liquefy

[Gators12]

An imminent Colombian government tally of the nation’s oil reserves is expected to show a decline, putting pressure on President Gustavo Petro to reconsider his ban on new fossil-fuel contracts.

A National Hydrocarbons Agency report scheduled for release later this month is expected to show the reserves shrank last year from the previous assessment of 7.6 years and 8 years, respectively, of crude and natural gas output, analysts said.

[Gators12]

Since Gustavo Petro became president of Colombia last summer, hopes around the future of the country's renewable energy sector have risen. Petro has repeatedly stated that he wants to move away from oil and gas to focus on Colombia's vast green resources, promoting investment in the renewable energy sector. But can fossil-fuel-reliant Colombia really move away from coal, oil, and gas in favor of renewable alternatives that much more quickly than other countries?

Several major fossil fuel operations across Colombia were forced to close in 2020 due to the global pandemic. At that moment, Colombia was not ready for its fossil fuel operations to come to a halt, with few other opportunities available for workers to turn to. Nevertheless, the pandemic experience provided an opportunity for change in a country that had previously relied heavily on coal, oil, and gas production.

[energybuyer]

On Tuesday, the International Energy Agency flagged “all-time record” demand from China in March, as the country’s recovery “continues to surpass expectations.” In its closely watched monthly oil market report, the agency predicted global demand will climb by 2.2 million barrels of oil equivalent per day this year, with supply conditions tightening in the back half of 2023.

[energybuyer]

Oil could climb above $US100 per barrel by late summer before rallying to more than $US115 in 2024, according to Amrita Sen, chief oil analyst at Energy Aspects.

Sen outlined an “extremely bullish view for oil” in a virtual presentation hosted by Wells Fargo last week, according to Michael Blum, managing director of Wells Fargo Securities.

Stay ahead of the market
Sen sees global oil demand growing by 1.5 million barrels of oil equivalent per day in 2023, led by China’s reopening. On the supply side, she notes the recent OPEC+ production cuts aimed at supporting the market have yet to take effect.

[energybuyer]

Extremely bullish’: Oil could hit US$100 per barrel this summer

[energybuyer]

Oil prices have gone on a roller-coaster ride this year. The firm recently released its May report, which noted that global oil demand is stronger than expected. With expectations for muted supply, oil prices could heat up this summer

[energybuyer]

Oil Prices Are Primed to Rally

[Candid One]

No news here. Different day , same propaganda , nothing of substance or worth related to this failure of a company calling themselves an international energy corporation. What a laugh.

[energybuyer]

Colombia has significant potential to develop its renewable energy sector and has already introduced favorable policies to support this development. However, with an economy that continues to rely heavily on fossil fuels, President Petro will have to ensure economic stability and alternative employment to achieve a successful green transition.

[energybuyer]

The government hopes that the funding will help to attract a further $280 million from development banks and carbon finance markets. Based on this figure, it expects to stop 1.6 million tonnes of carbon dioxide from being released, or around 1 percent of Colombia’s annual carbon emissions.

[energybuyer]

gator thats what i thought too

[Candid One]

That’s really good news… for Ecopetrol , Verano , Frontera , Chevron , Canacol … all the relevant players in Colombia. I haven’t seen any evidence how that benefits Altenesol .. in their strip mall office in rural florida ????

[Gators12]

Colombian President Gustavo Petro promised to stop issuing new licenses for oil and gas drilling rights ahead of his presidential election victory last June.

But officials have since said that a final decision on the policy would not be made until new hydrocarbon reserve figures are published in May.

[Gators12]

Chief Executive Officer Ricardo Roa told investors that he hoped more oil contracts and bidding rounds for exploration blocks would be forthcoming.

“That’s what gives an oil company long-term stability,” Roa said Wednesday, on a call following the announcement of first-quarter earnings. “In order to increase reserves, it is necessary to have areas to explore for oil and gas.”

[Gators12]

Interesting read, seems like they will continue to need fossil fuels in the short term to continue the long energy transition. Bodes well for natural gas. Thanks EB

[energybuyer]

Oil prices were also aided by the prospect of tighter supplies, with reports of Canadian wildfires pointing to potential disruptions in oil flows from North America. This comes with improving fuel demand thanks to the U.S. summer season.

[energybuyer]

Colombia has been gradually developing its renewable energy capacity for almost a decade, with Congress passing a law to promote the building of renewable energy projects in 2014. But by 2021, less than 1% of energy in the country came from renewable sources. And while former president Iván Duque introduced a general energy transition policy, his government also continued to promote the production of fossil fuels to support the economy.

[energybuyer]

Under Colombia’s new president, there is plenty of optimism surrounding the country’s renewable energy sector and its move away from oil and gas.
Currently, between 40% and 50% of the country’s oil exports come from coal and oil, and taxes from oil firm Ecopetrol provide around 9 percent of the government’s income.
Despite its ambitions, a recent report showed that nearly two-thirds of Colombia’s renewable energy projects due online in 2023 and 2024 are currently facing delays.

[energybuyer]

Colombia has significant potential to develop its renewable energy sector and has already introduced favorable policies to support this development. However, with an economy that continues to rely heavily on fossil fuels, President Petro will have to ensure economic stability and alternative employment to achieve a successful green transition. Further, while the country is attracting high levels of investment in its renewable energy sector, it must improve its complex regulatory and tax systems if it hopes to accelerate the development of its green energy capacity.

[Candid One]

There’s no rebound for Altenesol

[energybuyer]

Oil rebounds as U.S. begins refilling strategic reserve

[energybuyer]

This month, Colombia’s National Hydrocarbons Agency (ANH) is expected to invest over $135 million in gaining a better understanding of the country’s renewable energy potential. This funding is part of the government’s four-year development plan, currently being debated in Congress. The government has already pledged not to grant any new hydrocarbon exploration and production contracts, although it will allow companies to continue operations under existing licenses.

[energybuyer]

Colombia has been gradually developing its renewable energy capacity for almost a decade, with Congress passing a law to promote the building of renewable energy projects in 2014. But by 2021, less than 1% of energy in the country came from renewable sources. And while former president Iván Duque introduced a general energy transition policy, his government also continued to promote the production of fossil fuels to support the economy.

[Candid One]

Exactly . I’m sure there are a lot of very irate shareholders wanting an explanation

[LasNubes]

It’s pretty obvious by now that this was a scam from the start. They never filed financials because there were none. Once the SEC called them out, they disappeared.

[energybuyer]

hydrogen seems to be the next transition

[energybuyer]

good find gator

[energybuyer]

Colombia has significant potential to develop its renewable energy sector and has already introduced favorable policies to support this development. However, with an economy that continues to rely heavily on fossil fuels, President Petro will have to ensure economic stability and alternative employment to achieve a successful green transition. Further, while the country is attracting high levels of investment in its renewable energy sector, it must improve its complex regulatory and tax systems if it hopes to accelerate the development of its green energy capacity.

[Marebare]

Candid one. I agree with. You.

[Gators12]

During the WEF in Davos, Irene Vélez-Torres, Colombia’s Minister of Mines and Energy, said: “We decided that we are not going to award new gas and oil exploration contracts […] as part of our commitment to the fight against climate change because we know that this decision, which is planetary, is absolutely urgent. We reviewed existing contracts and it was determined that they would guarantee the national gas supply until beyond the year 2037 and there may even be surplus resources.”

The government’s plan is to “strengthen existing contracts and unlock the suspended ones”, while beginning a “progressive and gradual” energy transition to more renewables and the democratisation of power generation.

This plan is based on a report released last December entitled Balance of hydrocarbon contracts and resources available for the Just Energy Transition, which caused controversy due to the following statement: “It is possible to infer that the contingent resources, both from the Sinú 9 block and from the offshore discoveries, can supply the national demand and, even, produce a surplus in its production until the year 2037. If we take into account the prospective resources this supply can be extended to the year 2042.” In other words, Colombia does not need new oil and gas fields.

[Gators12]

Colombia hopes to reduce its emissions by 51% by 2030 and the development of green hydrogen is “central to that discussion,” said Katharina Grosso, who until October this year was executive director of the Non-Conventional Energy and Efficient Energy Management Fund (FENOGE), a Colombian government agency. Last year, the country passed its Energy Transition Law, which also highlights hydrogen, and has since seen the election of Gustavo Petro as its president, who has promised to wean the country off fossil fuels, and may provide further impetus to green initiatives.

[Candid One]

If Altenesol was just “ delayed “ , they would have said as much . They’re not delayed , they’re insolvent , without money , absent a leadership team ( ceo selling car parts now )

[energybuyer]

Oil rises as tightening supplies compete with economic concerns

[energybuyer]

a report released in April showed that nearly two-thirds of Colombia’s renewable energy projects due online in 2023 and 2024 are currently facing delays, largely due to growing political and regulatory risk concerns. The study, from the renewable energy association SER Colombia, revealed that just 28 of 80 projects are “advancing without problems.” Many have slowed due to complications in being granted environmental permits issued by licensing authority ANLA. New tax burdens, competition restrictions, and macroeconomic factors, including high interest rates and currency depreciation, have also created challenges.

[Candid One]

Nowhere ever is Altenesol mentioned in any of these Colombian initiatives. Probably not part of the circle of friends . Matters not anyway . Altenesol is not trading or communicating in any way with their shareholders . Have not been for 2 years now . Out of business obviously

[energybuyer]

Colombia wants to speed up discovery and development of its offshore gas reserves to avoid the need for imports and boost industries from power to petrochemicals. Neighboring Venezuela has offered to export gas, but top executives at Ecopetrol and other producers have said that the country must prioritize developing its own resources.

As much as 4 trillion cubic feet (TCF) of natural gas reserves could be confirmed in Tayrona, Travassos said, which makes it a very promising project along with the Gorgon ultra deepwater gas field by Ecopetrol and Shell (SHEL.L) and another deepwater venture by Occidental Petroleum (OXY.N) and Ecopetrol to begin drilling in 2025.

[Candid One]

With regards to this penny stock scam , here in Virginia we say “ that’s a lot of Cush “ ( bullshit ). Altenesol pretty dishonest player with no prospects obviously

[Candid One]

Interesting the pattern of posting here . The truth will get out . Truth is , altenesol is, never has , never will be trustworthy

[Candid One]

Altenesol likely a pump and dump scam operation

[Candid One]

Almost 2 yrs not trading because Iof SEC non compliance . Altenesol out of the game .