Energy inflation is gathering pace in Europe, with the price of everything from gas to electricity surging to records, fueling concerns about costs to consumers as the world emerges from the global pandemic.
The Minister of Mines and Energy, Diego Mesa, spoke about the sector’s reactivation, offshore projects, Fracking Pilot Projects (PPII) and other relevant topics for the industry.
Oil majors are gearing up to explore off the coast of Colombia.
The department of Sucre will invest CoP$1T of royalties in the region. This and other news in our periodic royalties’ summary from last month.
Oil majors are gearing up to explore off the coast of Colombia.
The reactivation of the sector has been slower than expected, especially in the last year.
The Unión Sindical Obrera (USO) installed a billboard involving an Ecopetrol (NYSE: EC) executive with the ‘ñeñe politica’, as a symbol of protest.
With oil prices rising seemingly week-after-week, some commentators have gotten excited by the fiscal implications. There may some short-term relief for tired taxpayers but the medium and long-term is challenging.
ACP’s Francisco Lloreda spoke about natural gas reserves and plans to increase them.
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