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Difficult times for Germany’s downstream
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Andean upstream feels the heat
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Colombian E&Ps face bleak upstream outlook
Political backbiting and slumping drilling activity point to further declines ahead of next year’s election
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Colombian O&G starts to feel investment squeeze
Decarbonisation strategy is already hurting upstream appetite and threatening near-term energy security
Global oil benchmark resolves its existential crisis
The addition of US crude to the world’s top oil benchmark has finally solved its North Sea conundrum and laid down a marker for the future
Indie Arrow targets rapid production growth
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
Colombia’s upstream set for decline
Political decision-making casts doubt on the Latin American country’s ability to sustain energy self-sufficiency in the long term
Colombian government's proposed oil sector reforms
Colombia Oil markets
Simon Ferrie
9 January 2023
Follow @PetroleumEcon
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Arrow flies against Colombian headwinds

The company does not seem concerned about the effect on its growth plans of the new government’s proposed oil sector reforms, and is even looking at potential acquisitions

The new Colombian government has moderated its stance towards the oil and gas sector since it came to power in August last year, Canadian independent Arrow Exploration tells Petroleum Economist. The country’s new president, Gustavo Petro, said in the run-up to his election that his administration would not issue any new exploration licences. But “since he has been elected, he has softened his stance” on the issue, says Arrow CFO Joe McFarlane, adding that Petro’s government recently confirmed new bid rounds for blocks would take place. “If you include the proposed tax increases right now with the existing royalty tax structure, Colombia remains in the top 10pc of the world” Abbott, Arr

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