Only tomorrow will we know if Geopark responds to Frontera’s counteroffer for VIM 22 and the ANH’s first round of its Permanent Competitive Process (PPAA) will complete officially only on the 15th of July. But I think the ANH should already be breaking out the vintage soda water, declaring this round a success.
Moody’s rating agency reported on the current situation of the oil and gas industry in Latin America. The agency spoke about Ecopetrol’s (NYSE: EC) dividends, among other issues.
TransMilenio welcomed new Vehicular Natural Gas (VNG) buses to its fleet, but comments by Gustavo Petro, former Mayor of Bogotá, started a debate. The Colombian Natural Gas Association (Naturgas) spoke on the issue.
The Minister of Mines and Energy (MinMinas), María Fernanda Suárez, was in Abu Dhabi, where she reiterated Colombia’s commitment to the Paris Agreement (COP 21).
The Colombian government has not raised producer prices since March but a 1.5% increase in the pump price has some experts speculating about inflation.
Frontera Energy Corporation (TSX: FEC) announced its second quarter 2019 operational update. Colombia’s production decreased in 2Q19 compared to previous quarter, while the firm’s drilling campaign is advancing satisfactorily.
Constant attacks on Coveñas – Caño Limón (CCL) brought back an old project that has the potential to safely transport the oil produced in Arauca’s fields.
Employees of the Gibraltar plant (Norte de Santander) have been protesting for two months, affecting natural gas supply in Colombia’s northeastern area. Ecopetrol (NYSE: EC) spoke about the consequences of these and other protests.
The Movimiento Ciudadano Political Organization confirmed that Farc leader Jesus Santrich, who has an ongoing investigation for drug trafficking, left Colombia.
The Ministry of Mines and Energy (MinMinas) announced a new increase in fuel prices for July 2019. The government had not changed the prices since March this year.
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