The Colombian government presented the National Development Plan (PND) with great expectations about its benefits for the mining and energy sector. However, legal actions against the proposal are generating uncertainty and controversy.
Cerro Matoso’s President, Ricardo Gaviria, spoke about the national mining industry, its challenges and opportunities.
Industry associations spoke about what Colombia loses with every terrorist attack that takes place in oil regions, calling for authorities to increase security measures in the territories. The development of these and other stories in our periodic Security summary.
Geopark Limited (NYSE: GPRK) announced its third quarter 2019 operational update, confirming a growing production base, new oil fields and the expansion of its opportunity platform
Malaysia’s Petronas might work with Ecopetrol (NYSE:EC) in offshore projects in the Caribbean.
Colombia is experiencing a boom in renewable energy projects and several sectors have joined this initiative. The oil sector has not been the exception, and Ecopetrol (NYSE: EC) announced its plan to increase its energy generation projects.
Locals in Tauramena (Casanare) voted against the development of oil activities in their territory. The State Council and Casanare’s Administrative Court, however, denied the validity of the popular consultation.
Parex Resources (TSX: PXT) announced its third quarter 2019 operational update. Its production continues on the right track and the firm completed a share buy-back.
The costs of transporting, distributing and commercializing gas in Colombia are far from being competitive, said María Luisa Chiappe, executive president of the Colombian Association of Industrial and Commercial Energy Consumers (Asoenergía).
Venezuela is facing a difficult political, economic and social situation, which has led to an abrupt decline in its oil production. Colombia, a non-oil country, has overtaken Venezuela in this important metric.
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