As I said a few weeks ago, we are rereading / reediting / rewriting the peace-process summaries that we wrote from 2013 through mid-2017. A frequent writing error was to confuse singular and plural when referring to the FARC; ”the FARC is” versus “the FARC are”. I was reminded of this problem when reading our recent security summary.
Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? The National Hydrocarbons Agency (ANH) recently reported 4Q17 figures per field and we updated our database to analyze oil companies’ production metrics.
No, we are not talking about Gustavo Petro’s plans to shift Colombia’s energy matrix to renewables, although that might turn out to be one part of the solution. Instead, MinMinas is looking for medium and long-term proposals without prejudging the technology.
Ecopetrol (NYSE: EC) announced advances in the relocation plan for families affected by the environmental disaster that occurred in La Fortuna, La Lizama and Pozo Quemado in last March.
Newspaper La Republica recently published an excellent distillation of the essential differences between the two remaining candidates for Colombia’s Presidency, Iván Duque and Gustavo Petro.
The Colombian oil sector is experiencing times of great uncertainty, due to the presidential elections and the boom in the anti-oil referendums. This situation could affect the development of several agreements between the government and oil companies, especially the Exploration and Production (E&P) contracts. We will analyze the production that is at stake due to this situation.
German Espinosa, President of the Colombian Chamber of Petroleum Services (Campetrol) spoke about oil activities in Colombia, the care of the environment and the industry’s contributions to the regions and the economy of Colombia.
Colombia was accepted to join the exclusive Organization of Economic Cooperation and Development (OECD). This means opportunities and obligations for the country with implications for investors.
After a few months of reporting on fuel smuggling and theft, our periodic security report reflects a worsening situation with the ELN and Farc dissidents. But things are still better than they were two years ago.
The Ministry of Mines and Energy (MinMinas) reported gas production figures for April 2018. Gas has been showing a recovery compared to figures of last year.
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