Concerns about a possible shortage of energy in Colombia are rising due to the El Niño phenomenon. However, the energy marketplace, XM, conducted a study on the levels of energy generation with fossil fuels and the results provide peace of mind at the moment.
It has been over a year since the environmental emergency at la La Lizama took place and inhabitants of Barrancabermeja are still worried about pollution issues. The development of these and more stories in our periodic Eco summary.
Ecopetrol (NYSE: EC) announced advances and investments in La Cira-Infantas, one of the most important producing fields in Colombia. The NOC highlighted the increase in oil production in this important area since 2005.
The president of the Colombian Petroleum Association (ACP), Francisco Lloreda, spoke about lessons learned from 2018 and forecasts for 2019.
Concerns about global warming have generated several agreements and commitments around the world to reduce polluting emissions. The Colombian oil sector has not been left behind in this process and Ecopetrol (NYSE: EC) announced new measures to reduce pollution levels.
President Duque said that the extradition process of Farc leader Jesus Santrich is violating the principle of judicial cooperation with the US. Here is why.
We updated our indices of Colombia-focused, publicly-traded companies and as expected, the slide in Brent had a noticeable impact. We also looked more closely at our composite index, especially the role of the TSX.
Colombia has done little exploratory activity in recent years due to the oil crisis, insecurity and social conflict. However, the country must improve on this issue as soon as possible to resolve concerns about self-sufficiency.
The boom of anti-oil referendums in producing regions keeps generating concerns in the industry. The municipalities are still trying to develop these mechanisms (despite the Constitutional Court’s ruling that they have no force) and the Yopal Council ruled on this issue.