Thursday, July 19th, 2018
The Organization of Petroleum Exporting Countries (OPEC) reported on the oil sector in Latin America and Colombian results are not encouraging. The National Hydrocarbons Agency (ANH) disagrees with OPEC.
The period of Juan Manuel Santos as president is about to end. German Arce, Minister of Mines and Energy, reported on investment results over the last eight years.
President-elect, Ivan Duque, spoke about some of his plans in the Collegiate Body for Administration and Decision (OCAD) and other key issues in a meeting with mayors of the country’s municipalities.
Through a resolution, Tolima’s Regional Autonomous Corporation (Cortolima) confirmed that it will no longer give permits for mining activities.
President-elect, Ivan Duque, announced that Ecopetrol’s (NYSE: EC) CFO, María Fernanda Suárez, will be the new Minister of Mines and Energy (MinMinas).
Late yesterday afternoon, Parex (TSX:PXT) issued a press release announcing that the Board of Directors had decided to “initiate a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.”
Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.
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