A couple of weeks ago we wrote about oil prices concluding that “Your CFO is unhappy because prices are low and appear to be falling.” CFOs were no doubt happy in 2Q19 because netbacks (on average) were up.
Natural gas is the fossil fuel with the best prospects for the medium and long term due to its low pollution levels. Promigas Aquiles Mercado spoke about the natural gas landscape in Colombia.
The Podion Corporation and the Colombia Fracking Free Alliance accused Drummond of contempt of court for an alleged violation of the State Council’s rulings.
Authorities and the sector continue working to expand the coverage and use of natural gas in the country. The industry conducted an analysis of this market and its use in the residential and vehicular sector.
The government of Nicolás Maduro sent troops to the border with Colombia, arguing that Colombia has been working on a strategy to attack his country.
The decision of the State Council to maintain the suspension on fracking generated many reactions in the country. Government leaders and industry experts talked about this decision.
This is the strategy that Oleoducto de Colombia (ODC) is implementing to increase the volume of crude that it currently transports.
Elkin Mauricio Arboleda Muñoz, Master in Engineering-Mineral Resources from the National University of Colombia (UNAL), conducted a study on the hydrocarbon potential of the Umir formation and the Middle Magdalena basin.
Colombia has been hearing discouraging news on the industry and environmental issues: the opposite of what it needs to hear now that the future of fracking is ‘on hold’. The development of these and more stories in our periodic Eco summary.
Maybe we should not have been so hopeful. Maybe this was always doomed. It is always easier to say ‘No’ than take a chance on ‘Yes’. No one ever knows the consequences of saying ‘No’, the road not taken.
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