News and AnalysIs for

Colombia wants to continue taking advantage of its oil potential, even though this generates much controversy due to its environmental impacts.

The Attorney General, Néstor Humberto Martínez, presented his “irrevocable resignation,” after the Special Justice for Peace (JEP) ordered the release of Farc leader, Jesus Santrich.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for April 2019. Working rigs increased and the Chamber showed its optimism for the behavior of this metric during 2019.

Once again, the National Environmental Licensing Agency (ANLA) reported on how it is changing its working plan, to make it more efficient.

Communities have complained that royalties’ resources are not visible in their territories, but Ecopetrol (NYSE: EC)  plans to change that through the Works for Taxes model.

The union made headlines this week, after accusing Occidental de Colombia (OXY) of allegedly intimidating its workers.

The ANH recently published field-level crude-oil production data for 4Q18, allowing us to update our database and look at where growth – or decline – took place. Overall production was up more than 11mbd in 2018 versus 2017 but this is usually due to a long list of growing fields (winners) offset but an equally long or longer list of declining fields (losers).

Frontera Energy (TSX: FEC) announced its financial and operating results for the first quarter of 2019. The company said that it had an “exceptional” quarter in operational and financial results.

The oil sector has proposed to develop unconventional projects as the main solution to guarantee energy self-sufficiency in the long term. Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), spoke on this topic.

The President of the Colombian Petroleum Association (ACP), Francisco José Lloreda, spoke about the country’s energy future, and the challenges and opportunities that this year brings.