According to the outgoing director of Colombia’s National Planning Department (DNP), Luis Fernando Mejía, the only sustainable way to achieve Colombia’s growth, is the Green Growth.
The implementation of unconventional techniques, such as fracking, to produce oil and gas has generated much concern and controversy in the country. This time, a group of environmentalists falsely claimed there was fracking in the department of Santander.
Sector’s representatives talked about the natural gas sector prospects in the country, and they acknowledged that the country must overcome several challenges in gas issues.
Colombia’s new Minister of Environment (MinAmbiente), Ricardo Lozano, and new Minister of Mines and Energy (MinMinas), Maria Fernanda Suarez, openly spoke about the controversial topic of fracking.
The National Hydrocarbons Agency (ANH) spoke about what must be done to assure the success of the industry in Colombia.
Environmental compensation of the oil sector has been a difficult issue to develop in the country, but it seems like this topic is thriving, and the environment will be the main beneficiary. Parex announced an important environmental compensation project in the department of Casanare.
Geopark Limited (NYSE: GPRK) announced its financial results for the second quarter 2018. The company reported record oil and gas production and Colombia keeps increasing its participation in this key metric.
Orlando Cabrales, President of Naturgas, wrote an article, in the business newspaper La República, about the proposal to subsidize the purchase of propane cylinders throughout the country.
Ricardo José Lozano was appointed as the new Minister of Environment (MinAmbiente).
The list, which was already delivered to Ecopetrol’s (NYSE:EC) directives, will be discussed this month.
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