News and AnalysIs for

For the first time, the National Environmental Licensing Agency (ANLA) will strengthen its activities in the country’s regions, thanks to resources from the General Royalty System (SGR).

Ecopetrol (NYSE: EC) lost the recommendation to buy its shares about a year ago, but the NOC received good news on this issue recently. Analysts talked about the situation of the company.

Opinions about the development of mining activities in the country are divided: locals acknowledge that the industry is key for the development of their economy, but blame mining for pollution in their territories.

Acipet, the petroleum engineers’ association has been an important voice in defense of the industry’s interests. Here, the organization’s Chairman of the Board, Carlos Alberto Leal Niño, argues that the important work of transitioning away from fossil fuels in the future should be financed by developing the country’s hydrocarbons today.

Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the first quarter 2019. The company reported increase in its production and development activities in Colombia play a key role in achieving it.

Maria Victoria Riaño, President of Equion, spoke about the company’s financial results and the firm’s contribution to Ecopetrol (NYSE: EC) results.

President Iván Duque opened the event where the government introduced the Mission of Experts that will lead Colombia’s energy transition process.

Cundinamarca’s Administrative Court ruled in favor of the right of petition filed by Congressman Iván Cepeda and former Minister, Alvaro Leyva.

Parex (TSX: PXT) announced its financial and operating results for the first quarter 2019. The firm reported oil production growth and good financial performance.

Ministry of Finance (MinHacienda) Alberto Carrasquilla said that the government is analyzing the option of developing an oil hedge program at the end of the year. Ecopetrol’s (NYSE: EC) CEO, Felipe Bayón, spoke on the matter.