MinMinas reported that November 2018 oil production was 883 mbd. The last time the figure was in the 880’s was June 2016 when it was 888 mbd. Gas production was also up substantially in the month.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for November 2018. The good trend continues, as the industry reported more rigs working in this period compared to November 2017 and previous month.
The low levels of oil and gas reserves have generated concerns in Colombia and the lack of exploratory activity has increased these worries. María Fernanda Suarez, Minister of Mines and Energy (MinMinas) spoke about the government’s plans for the industry and its future.
Surtidora de Gas del Caribe (Surtigas) announced that Santiago Mejía Medina will take office as the new General Director on December 15th, 2018.
After days of protests in Ecopetrol’s (NYSE:EC) Cupiagua field (Casanare), communities decided to sit down and talk. Here is what both parties agreed on. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Oil prices have decreased considerably in recent months, generating concerns in the sector. The Organization of Petroleum Producing Countries (OPEC) agreed to reduce its production to counteract this situation, which could benefit the country.
Slowly but surely, the industry has been recovering from a drastic fall in oil prices. What are top global firms planning for next year?
The National Agency of Environmental Licenses (ANLA) spoke about the forum that took place in Mocoa (Putumayo), where authorities were able to discuss monitoring-network strategies in the area.
Marcela Amaya, Governor of Meta, showed her concern about the royalties’ distribution for the coming years. She contradicted some of the María Fernanda Suarez, Minister of Mines and Energy (MinMinas), comments about the budget for the region.
Arrow exploration Corporation is seeking financial flexibility and the firm announced an agreement on the Working Interest (WI) of the VMM-2 block to achieve it. In addition, the firm announces a commercial discovery.
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