IAHL Corporation (CE) (IAHL) Quote

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.

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

😂

Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast.

This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security. The Uchuva-2 appraisal well aims to confirm the size of the natural gas discovery made at the Uchuva-1 exploration well in July 2022, marking a significant milestone in Colombia's offshore energy exploration efforts.

Colombia is emerging as a green hydrogen pioneer in Latin America as it ramps up plans to produce and export the energy vector to international markets.
Efforts to accelerate growth in the nascent sector form part of a broader strategy by President Gustavo Petro to end the country's dependence on fossil fuels and promote investment in clean energy.
BNamericas provides a snapshot of the current panorama for clean hydrogen in Colombia and identifies some of the key recent developments:
CAPACITY, INVESTMENT TARGETS

Encouragingly, Colombia has shown clear signs of additional natural gas potential across both its onshore and offshore basins in recent years, signaling a promising trajectory for future exploration and development endeavors. Onshore, operating companies have continued to report gas discoveries in the Lower and Middle Magdalena Valley, Llanos, and Putumayo basins, while the increase in GOR continues to be an opportunity to improve domestic gas production in mature fields and basins.

Offshore, the ongoing discoveries made by Ecopetrol, Shell, and Petrobras (Gorgon, Glaucus, Uchuva, and Orca) continue to give indications of the potential for developing new offshore natural gas reserves in Colombia. Likewise, exploratory plans in ultra-deep waters by Oxy, Chevron, and Ecopetrol (Komodo and Cumbia) add to the high potential that the Caribbean represents for Colombia’s energy sufficiency. This potential is so clear that at the CERAWeek Energy Conference in Houston, Joelson Mendes, Petrobras’ chief exploration and production officer, told Reuters that “there could be more gas than what Colombia needs.”

Crude remains on course for a monthly gain after OPEC+ extended supply cuts and said that any subsequent plan to return barrels would hinge on market conditions. Traders are also tracking the demand outlook, with refineries in Asia bringing back some capacity after maintenance despite poor margins.

Oil Rises as Stockpile Drop Extends Rally Driven by Risk-On Tone

We remain supportive toward the oil market with a deficit over the third quarter set to tighten the oil balance,” said Warren Patterson, Singapore-based head of commodities strategy at ING Groep NV. “Speculators have also become more constructive toward oil as we move into summer.”

Crude still remains on track for a monthly gain, and there are signs of rising gasoline demand in the US and healthy demand for air travel, which is aiding the outlook. The prompt spread for Brent has strengthened this month in a bullish backwardation structure, signaling tightening supply.

two vessels being attacked, with one abandoned after flooding and another sustaining moderate damage. A coal-carrier sunk recently as Houthi militants ramped-up hostilities in the region.

It's readily apparent that something catastrophic has occurred with this dog of a stock and company .The leadership has abandoned us and all their duties and obligations to communicate and be transparent with regard to status of this company and stock and the state of operations . The CEO .. some De la Nunez guy and all his cronies are gonzo . Sounds like the CEO moved on to some other company selling car door ding repair stuff. This company is out of business and just a shell of an office somewhere in rural Florida .Why ? Who knows . Legitimate multi national corporations don't conduct themselves in this fashion . Say goodbye to all, we're not gonna hear anything honest or substantial from these crooks .

The well is part of Ecopetrol’s plan to invest $760 million this year to increase natural gas production, with $350 million earmarked for offshore operations in the Caribbean Sea (OGJ Online, Apr. 25, 2024).

Petrobras is operator of the Tayrona block with 44.4% interest. Ecopetrol holds 55.6%.

Petrobras has started drilling the Uchuva-2 well in the Tayrona block offshore Colombia’s Caribbean coast. The appraisal well is expected to validate the size of the natural gas discovery made in the Uchuva-1 exploration well in July 2022, partner Ecopetrol said in a release June 21.

The well comes as part of a plan to incorporate additional gas reserves to boost gas supply to Colombia.

Given Colombia’s advantageous location with access to markets in Asia, Europe, and Central America due to its exit to the Pacific and Atlantic Oceans and its proximity to the Panama Canal, this increase in gas reserves could mean a business opportunity with the possibility of establishing LNG facilities thereby enabling direct exports to numerous markets – a longstanding objective of present regional operators. This plan to establish Colombia as a natural gas-producing province must be based on a cohesive and integrated approach among the different regional actors in the industry. This concerted effort is crucial not only for meeting the needs of both local and international consumers but also for aligning with national and global energy transition objectives. The potential is monumental, promising transformative impacts on both a national and global scale.

Colombia's economy could soon be hit by soaring energy costs as the South American country is considering LNG imports to meet rising natural gas demand while its domestic production slumps.

Large gas and energy-intensive industries could be hit hard by a further spike in their energy costs, as LNG imports could be two or three times more expensive than domestic supply, according to industry officials and analysts who spoke

So, I'll take the silence as a No Comment.

Oil prices are also likely to remain supported by a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista.

Israeli forces pounded areas in the central Gaza Strip overnight, while tanks deepened their advance into Rafah in the south.

However, expectations of an inventories build appear to be overshadowing fears of escalating geopolitical stress for now, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

Oil prices rise on US crude draw; jobs data feeds rate cut hopes

Softer U.S. Inflation data seen this week, spurring hopes for sooner rates cuts, also helped lift sentiment on oil, with many now pricing in two rate cuts for the year.

The reassurance from OPEC arrived as traders digested mostly bullish forecast for global oil demand. The U.S. Energy Information Administration lifted its world oil demand estimate to 104.5 million barrels per day for next year, up from a prior forecast of 104.3 million bpd, while OPEC maintained its outlook for strong global oil demand in 2024

Colombia's proposed anti-fracking bill has been shelved due to a lack of debate in Congress. The bill, an essential part of the government's plan to transition away from fossil fuels, will be reintroduced in the next legislative session starting July 20, according to Environment Minister Susana Muhamad.

That sounds really great but how does that relate to IAHL? Are we finally going to be able to get started? Does anyone know?

Encouragingly, Colombia has shown clear signs of additional natural gas potential across both its onshore and offshore basins in recent years, signaling a promising trajectory for future exploration and development endeavors. Onshore, operating companies have continued to report gas discoveries in the Lower and Middle Magdalena Valley, Llanos, and Putumayo basins, while the increase in GOR continues to be an opportunity to improve domestic gas production in mature fields and basins.

The growth in demand is likely to unfold as over 1.5 million households that nowadays still rely on firewood for cooking are expected to elevate their living standards through the adoption of natural gas. Simultaneously, the nation’s concerted efforts to mitigate emissions entail a gradual shift away from coal production, further fueling the momentum toward embracing cleaner energy alternatives like natural gas.

Natural Gas: The best ally for Colombia’s energy transition
The natural gas situation in Colombia is approaching a critical point in which every decision made will have direct repercussions on the country's energy future and its energy transition plans

Good read, energy. Private sector investment is crucial.

He said the plan will receive high investment - without providing specific details - and Colombia would offer incentives, including tax deductions, to encourage the participation of the private sector.
Colombia's position as the country with the sixth-greatest quantity of renewable water resources puts it in an ideal position to produce green hydrogen - which is made by splitting water - Mesa said, although it will also be able to produce blue hydrogen, when natural gas is split into its component parts.

(Reuters) - Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year's oil and gas auction will be successful.
The South American country will publish a road map to establish over the next 30 years the production, use and export of hydrogen as a clean energy source for use in transport and industry, among other sectors, Diego Mesa told Reuters in an interview.

Colombia to launch road map to develop hydrogen as fuel -minister

Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength.

Oil Posts Weekly Rebound From OPEC+ Dip as Fuels Show Strength

Silence is golden … unless it’s related to the shady dealings of this faux corporation. The SEC should put the criminals running this scam operation in jail . 3 years now , No trading for 3 years and lips sealed shut on what happened and why we are .. where we are . The geniuses running this penny scam need to be exposed for what they are .. con artists .

Good commentary gator. So why IAHL silence.

It’s not adding up. But I’m glad you noted that nonsense.

It's our commitment to accelerate and carry out a fair energy transition, which allows taking advantage of the country's opportunities to transform energy into economic development," Camacho told the news conference.

He pointed out that a third of the 48 discoveries made in Colombia over the past decade had been during the current administration, which began in August 2022.

Hydrocarbons agency ANH said natural gas supply, in particular, had been impacted over the past decade by a lack of new discoveries and surging demand.

"We have to take action now to compensate," ANH president Orlando Velandia told a news conference.

He added that Colombia's current reserves replacement rate stood at around 80%.

Energy minister Andrés Camacho insisted the government was taking steps to increase contingent resources and avert possible shortages in the medium term.

Colombia targets 15% oil output boost from 'enhanced recovery', minister says

Colombian President Gustavo Petro has made bold commitments to combat climate change by halting new drilling licenses in country and moving away from oil and gas in favor of green alternatives—a stance that would seem in opposition to the push to eke out oil from existing contracts.



But according to Camacho, "Increasing the number of contracts does not necessarily lead to more exploration," Camacho stated in Bogotá, highlighting the policy to boost exploration within current agreements. Nevertheless, if successful, it will lead to more output for the country that already has oil and coal accounting for half of its total exports.

Despite a bold climate stance, Colombia is looking to increase its oil production to 1 million barrels per day by encouraging drillers to ramp up activity in underutilized exploration blocks, according to the country's energy ministry.

Energy Minister Andrés Camacho emphasized the government's strategy to revitalize "lazy contracts"—agreements signed 10 to 15 years ago that have so far seen minimal exploration efforts. Camacho believes this approach can elevate production to approximately 800,000 bpd by year-end, a rise from the Q1 average of 774,000 bpd

Energy minister wants to juice existing ‘lazy contracts’
Oil reserves fell to 7.1 years of output; gas to 6.1 years

Colombia Plans to Boost Oil Output With a Drilling Push

interesting gator..maybe more investment coming

Scam. Scam scam scam. It’s been over three years. Biden talks more than this company. All your responses are just. Joke.

Joke. Scam company. Why haven’t we heard from company. Just you jokers. SCAM

Colombia's Empresas Públicas de Medellín (EPM) is seeking joint venture partners to produce green hydrogen for export markets in Europe and Asia, according to CEO John Maya.

The company is aiming to produce 100t/y of green hydrogen in the short term and 400t/y within three years. The energy vector would be stored in ammonia via a chemical process before being extracted through heating.

"We hope to sign a deal for the production of ammonia by the end of the year," said Maya. "It would be exported to countries with hydrogen needs, such as Germany, the Netherlands, Korea and Japan."

Speaking during the company's quarterly assembly, Maya affirmed that EPM could "almost triple" its revenue through hydrogen exports by 2030.

To jumpstart the process, the company began operating a pilot plant at its Aguas Claras water treatment facility in Bello, near Medellín, in February. The plant required an investment of US$5mn and is currently producing around 5kg of green hydrogen per day, according to EPM.

"We’re learning a lot and we plan to undertake many experiments using this plant," Maya said. "One of them is to test the combination of hydrogen with natural gas for household use.

"It's difficult at the moment because the costs are currently high. But technology evolves and eventually these costs will come down."

Natural Gas: The best ally for Colombia’s energy transition
The natural gas situation in Colombia is approaching a critical point in which every decision made will have direct repercussions on the country's energy future and its energy transition plans

News of the project's progress coincides with fears of an imminent natural gas shortage in Colombia.

Investment in the first stage – including the regasification terminal and power plant – is expected to reach US$350mn.

The project also includes a gas pipeline component that would serve industrial and thermoelectric offtakers in Cali and its surrounding metropolitan area, as well as other consumer markets in southwestern Colombia.

"In the first phase, gas will be supplied via virtual pipeline, or truck, while the pipeline becomes operational," Tenorio said. "There are several alternatives, including the option of building a new pipeline or utilizing an existing polyduct belonging to [state oil company Ecopetrol’s midstream unit] Cenit."

Colombia's Andes Energy is in talks with potential partners to move forward with an LNG import terminal and an associated thermoelectric power plant, the company's chairman told BNamericas.

The Cali-based developer has completed the project's initial design stage and hopes to secure another stakeholder in the coming months, Manuel Tenorio, who is also Andes Energy's co-founder, said in a telephone interview on Friday.

"We are having conversations with two potential strategic partners," Tenorio said, adding that he could not reveal the names of the parties due to confidentiality agreements.

So I've been investing in this over 7 years because of a "friends recommendation" - I had some direct line to the Owner/CEO who kept saying "any day now, oh now it's this or that" - with no specifics. I am very curious to find out if in fact they are bankrupt. I've started seeking attorneys to see if a Lawsuit is even viable.