Getting an environmental license is one of the challenges that oil companies must overcome to develop their plans. The National Environmental Licensing Authority (ANLA) has been quiet over the past several months, but recently published a decision concerning a project of Hocol S.A.
The government is determined to carry out the construction of a new regasification plant in the country, despite experts’ opinions against it. The Ministry of Mines and Energy (MinMinas) announced dates for the plant’s tender.
The appointment of a consultant and costs of the popular action have become an issue in the judicial process involving Gran Tierra (TSX:GTE).
Local authorities, the police and the president of the Colombian Association of Petroleum Engineers (Acipet), Julio Cesar Vera, spoke about the situation in Meta; 14 days after the protests began.
Canacol Energy (TSX: CNE) announced results of the Pandereta 2 appraisal well located in the VIM 5 block in the Lower Magdalena Valley basin. The firm reported a significant new gas discovery on this block. CNE also provided information on its 2018 gas exploration and drilling programs.
Presidential candidate Gustavo Petro proposed a total change to Colombia’s economic model, where oil and mining activities are replaced by a productive agro industrial economy.
Representatives of Canacol Energy (TSX: CNE), Ecopetrol (NYSE: EC) and the Colombian Petroleum Association (ACP) gave their arguments to declare Buenaventura’s regasification plant “unnecessary”.
The Center for Economic Studies of the National Association of Financial Institutions (ANIF) conducted a study on the petrochemical value chain in 2017, and its future perspectives under the direction of Sergio Clavijo and Alejandro Vera and Juan Diego Londoño’s collaboration.
Ecopetrol (NYSE: EC) reported its reserves as of December 31, 2017. The NOC managed to report positive results despite social problems, attacks on its infrastructure and low prices during the past year.Ryder Scott Company and De Golyer & Mac Naughton audited the majority of reserves (99%).