News and AnalysIs for

According to authorities, the results of the Technological Cooperation Agreement between Ecopetrol (NYSE:EC) and the Pontificia Bolivariana University (UPB) in Bucaramanga left positive results.

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for January 2019. Crude and natural gas production grew in the first month of this year.

Senator Maritza Martínez (U Party) gave her view on the development of fracking in Colombia, after the Commission of Experts said the country needs to gather more information on the matter.

Ecopetrol (NYSE: EC) reported low levels of B2E diesel stock for pipeline transport systems due to maintenance activities in the Barrancabermeja Refinery during the first weeks of February. The Ministry of Mines and Energy (MinMinas) published measures to mitigate this situation and ensure distribution in the country.

The Northeastern Regional Border Autonomous Corporation (Corponor) spoke about the effects that the ELN’s most recent attack had on the Catatumbo River (Norte de Santander). The development of these and more stories in our periodic Eco summary.

The Colombian government presented the National Development Plan (PND) recently, generating several discussions in the country. The fuel prices formula returned to the discussion table in the PND.

The Commission of Experts gave a ‘definitive maybe’ to the development of fracking in Colombia, and the media started to speculate on the matter. Here is what the main national newspapers said.

Gran Tierra Energy (TSX: GTE) started to develop El Portón project, which has generated much controversy. However, the company proactively spoke to the local press about a new well.

The Minister of Mines and Energy (MinMinas) spoke about the benefits that communities in Barrancabermeja and Sucre will receive thanks to royalties’ resources. These and other stories in our periodic Royalties summary.

As we published last week, the MinMinas think-tank and research bureau, UPME, published a long document on energy prices just before Christmas. We have picked a few charts we think are interesting.