The Ministry of Mines and Energy (MinEnergia) reported oil production figures for October 2021.
The development of offshore projects creates expectations for gas reserves in the country to increase.
Reficar will have an expansion by integrating the old plant into a new industrial complex, but in addition, the company will acquire one of the most modern seaports for the exit and entry of oil refined products.
The bill to ratify the environmental treaty was sunk in the last legislature. The Duque government reintroduced it.
This past week, the ANH held its Colombia Round 2021 auction and there can be no doubt it was a great success. Thirty blocks were awarded, the most since 2012 when oil prices were over US$100/bl (and to be frank, many of the blocks assigned were never worked). What went well and what could be improved?
Canacol’s (TSX: CNE) Charles Gamba, talked about the company’s plans and the benefits of the Jobo-Medellin pipeline.
Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), presented its third quarter results.
José María Castro, Manager of Sociedad Portuaria El Cayao (SPEC), in Cartagena, spoke about the regasification capacity of this facility.
The quality of the country’s biodiesel is one of the best in the world, certified by international processes and organizations.
The ANH held its event to receive bids in the Colombia Round 2021. With 30 blocks receiving bids (and with these bids almost certain to result in contracts), this was a tremendous success compared to any assignment process dating back to 2012 which had assigned 49 (not all of which ever were worked). The 2014 Round awarded 26. That of 2019 only 11. The top bidder was Parex.
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