Lower oil prices inevitably led to lower netbacks in 3Q19 and that could not have made the CFO happy. But production costs were slightly lower on average so operations people should not catch any flak (or at least, not any more than usual).
The Colombian government has taken different measures to boost the sector’s reactivation. Experts spoke on the matter.
The National Hydrocarbons Agency (ANH), the Territory Renewal Agency (ART) and the Presidential Council for Stabilization, signed a letter of understanding to develop Development Programs with Territorial Approach (PDET) in oil regions.
The Colombian Association of Petroleum Engineers (Acipet) awarded oil and gas projects for their “excellence and relevance in the national context.”
The Ministry of Environment (MinAmbiente) confirmed that it will clean 300 hectares of the San Silvestre swamp in the first six months of 2020, thanks to Ecopetrol’s (NYSE: EC) help. The development of these and more stories in our periodic Eco summary.
The National Hydrocarbons Agency (ANH) will host the second auction of the Permanent Area Assignment Process (PPAA). The Agency announced the players that will be part of the bidding process.
The National Hydrocarbons Agency (ANH) announced that it is working to adjust some of the sector’s rules, in an attempt to increase production.
The National Environmental Licensing Agency (ANLA) is working to be part of the Latin American Network of the Environmental Impact Assessment System (REDLASEIA).
The National Environmental Licensing Agency (ANLA) spoke about the regulations that helped it implement its environmental strategy in a more efficient way.
Geopark (NYSE: GPRK) announced the acquisition of Amerisur Resources (LON: AMER). The firm highlighted the relevance of this transaction for its expansion strategy.
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