Although the ELN denied responsibility for attacking an energy tower in Nariño, authorities are worried about the increase of attacks to the industry’s infrastructure in that department. The development of these and other stories in our periodic Security summary.
The development of unconventional projects is the main strategy to increase oil reserves in the short, medium and long term. However, this alternative is resisted or even rejected by many local communities. The business paper La Republica held a forum to talk about this situation.
The Colombian Association of Petroleum Engineers (ACIPET) has been one of the most active groups to defend the sector of anti-oil referendums. The association sent a letter to the Constitutional Court about this issue.
The Center for Economic Studies of the National Association of Financial Institutions (ANIF) spoke about the industry’s situation in 2017, and its forecasts for 2018.
Seems like the actions taken by Hocol and Ecopetrol (NYSE: EC) to control environmental emergencies in Purificación (Tolima) and Tumaco (Nariño), have not been enough for their communities. The development of these and more stories in our periodic Eco summary.
Last week the United Nations mission of environmental experts published its preliminary report on the La Lizama well, giving the ‘scandal’ another mediatic bump. This may be the last such flurry for a while, but the industry will be paying the consequences for some time.
The government has been working on a bill to regulate prior consultations in the country. German Arce, Minister of Mines and Energy (MinMinas) spoke about the progress in this important project for the industry and the country.
Empresas Publicas de Medellin (EPM) and Canada’s investment fund, Brookfield, are competing for Gas Natural; a firm that holds more than 35% of the national gas distribution in Colombia. How would each firm change if winning the tender?
The union spoke about Ecopetrol’s (NYSE: EC) alleged debt with Barrancabermeja, which according to them, has been accumulating since 2014.
Recently the ACP announced its long-term price forecasts out to 2028. They also compared their numbers to other, publicly-available projections. We provide our own version of the comparison graph, translate some of the ACP’s commentary and give some of our own.
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