News and AnalysIs for

The National Hydrocarbons Agency (ANH) spoke about the sector’s reactivation and relevance of the Permanent Competitive Process (PPAA) and ‘League B’ in this process.

Regional Autonomous Corporations (CARs) will meet with representatives of oil sector to discuss the benefits of industry investments in the territories.

The union clarified rumors about a possible intervention to Ecopetrol’s (NYSE:EC) employee fund, Cavipetrol.

Nelsen Navarrete is well known in the oil and gas community. In his spare time, he supports the Colombian Engineers’ Association, ACIEM in a number of ways most importantly as the Chairman of the Board of the Cundinamarca Chapter and President of the Organizing Committee of the association’s annual energy conference, ENERCOL. In his opening speech to the congress, Navarrete and ACIEM steered a course between recognition of climate change and support for Colombia’s extractive industries.

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

The National Hydrocarbons Agency (ANH) continues to work on the Permanent Area Assignment Process (PPAA). The agency announced the date and number of blocks for the second auction of this important process.

Ecopetrol (NYSE:EC) will reduce 20% of its greenhouse gas emissions by 2030, as part of its environmental strategy.

The Ministry of Mines and Energy (MinEnergia) confirmed that the industry entered Colombia’s Business Integrity Route: an initiative to fight corruption. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Amerisur Resources Plc announced its results for the six months ended 30 June 2019. The company showed lower metrics compared to same period last year, but good advances in strategic alliances and projects.

The State Council denied Ecopetrol’s (NYSE:EC) request to cancel the precautionary measure that stopped the development of fracking in Colombia, but clarified that the decision does not prevent the development of pilot projects.