News and AnalysIs for

The union sent a list of petitions to Ecopetrol’s (NYSE:EC) subsidiary, Cenit. Here are the details.

I probably got your attention out of morbid curiosity but I will not be writing about some sordid tale of shenanigans in the back streets of Barrancabermeja. Instead, I have been reading a number of articles about ethical investment lately, and companies that ethical investors are expected to shun are referred to as “sin stocks” or “vice stocks”. Shades of Crockett and Tubbs!

Fuel prices have been one of the main topics of discussion between the Colombian government and the transport sector in Colombia. Fedispetrol talked about this issue and a possible decrease in these.

The NOC confirmed that it discovered crude in the Flamencos-1 well, located in Puerto Wilches (Santander).

The modifications to the General System of Royalties (SGR) announced by President Duque earlier this year, are two debates away from being approved.

María Luisa Chiappe, President of the Colombian Association of Large Energy Consumers, (Asoenergía), spoke about natural gas imports, forced purchase of renewable energies and the country’s energy competitiveness.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for September 2019. Working and contracted rigs increased compared to same period last year.

The development of Research Pilot Projects (PPII) will be vital for authorities to decide on the future of fracking, as they will provide information on the impacts of this technique in the country.

While in its June report, the International Energy Agency (IEA) acknowledged Colombia’s positive performance, improving its projections in terms of oil extraction for 2019, the Agency lowered this projection in its most recent report.

The National Environmental Licensing Agency (ANLA) initiated a process of digital transformation and the entity has made satisfactory progress in this process. The ANLA presented new tools to the mining and energy sector.