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The Colombian government is interested in promoting the development and growth of the oil sector and has taken several steps to achieve it. The Maritime General Directorate (DIMAR) and the National Hydrocarbons Agency (ANH) announced a strategy to explore the Caribbean Sea.

Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the second quarter 2019. The company reported decrease in its production compared to previous quarter, but positive financial results.

Ecopetrol (NYSE:EC) confirmed that it is working on projects in the Eastern Planes, vital to assure the industry’s reactivation.

These are the changes that the Executive branch wants to make to the General Royalties System (SGR), through the Decree 1297 of 2016.

Technical groups of the National Environmental Licensing Agency (ANLA) developed an environmental monitoring process for different industry projects. Here are the details.

This past week, on August 7^th, President Iván Duque completed one full year in office. A number of editorial writers evaluated the president at the completion of this milestone. We have been positive about the ANH and MinMinas (now known as MinEnergia) but the government in total has struggled with its grades.

The government filed a project to discuss the country’s general budget for next year, and authorities are looking for alternatives to guarantee these resources. Alberto Carrasquilla, Minister of Finance (MinHacienda), spoke about the role of the oil sector to guarantee this budget.

Inhabitants of Barrancabermeja (Santander) were able to learn about the technical and environmental aspects involved in the development of unconventional projects, during the Association’s educational session.

Alberto Carrasquilla, Minister of Finance (MinHacienda), presented the project for the 2020 General Budget, a week ago. The third and fourth commissions of the Senate and House of Representatives will discuss this project, but this document has already begun to generate controversy.

The Constitutional Court called on the Congress to define participation and coordination mechanisms for the development and follow-up processes of mining projects in Colombia.