The Colombian government considers the oil sector as one of the pillars to reactivate the economy and employment in the country. Authorities have high hopes for the benefits of Works for Taxes and the industry plays a key role in this.
The UN’s Office for the Coordination of Humanitarian Affairs (OCHA) warned about a possible humanitarian crisis in the department of Chocó.
This was not a good quarter for oil prices and investors seemed to take it out on oil stocks. The good news is that Colombia-focused shares were not punished any worse than their global peers.
The Colombian Petroleum Association (ACP) announced the advances and perspectives for oil and gas exploration in 2019, with little positive results.
In his most recent Op-ed, the President of the Colombian Association of Petroleum Engineers (Acipet), Carlos Leal, spoke about the potential that the Colombian Caribbean represents for the industry.
Local authorities denounced that the department of La Guajira is suffering a serious situation due to lack of gasoline. They asked for measures to solve this problem.
Authorities decided to measure the impact of Royalties’ resources in Colombia. These and other stories in our periodic Royalties summary.
Ecopetrol (NYSE: EC) started developing three blocks together with Anadarko (NYSE: APC), which returned the operation of these assets. The NOC is now looking for new partners for to develop the areas.
The President of the National Hydrocarbons Commission (ANH), Luis Miguel Morelli, attended the “Learn from the Masters: Energy Sector” Forum. This is what he had to say about the Colombian industry.
Gran Tierra Energy (TSX: GTE) announced the appointment of a new Chief Operating Officer (COO), highlighting his vast oil and gas experience. CEO Gary Guidry sent a message to shareholders.
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