The Ministry of the Environment (MinAmbiente) announced that the country is satisfactorily progressing in this process that will bring it a step closer to taking actions to face climate change.
Colombia has few years of oil reserves remaining and concerns about loss of self-sufficiency have increased in recently. However, the country has several regions with great potential. The Llanos Orientales is one of them.
Naturgas’ Orlando Cabrales warned that Ecopetrol would have to import diesel in the coming years, given the increase in demand for this fuel in mass transport systems.
The Energy and Gas Regulatory Commission (CREG) issued new tariffs for gas transportation recently, generating controversy with industry members. Experts from the sector spoke about the need to change this methodology.
The union argued that there are strategies to privatize the NOC, weaken it, and then order its sale.
After years of underperforming global indexes, Colombian-focused companies finally caught one: the TSX’s index of Canadian oil and gas stocks.
We are preparing a book (our first!) so I needed to reread all our weekly summaries about the FARC peace process. It was interesting to see what had changed, what was still an issue, what we thought was important from reading the Colombian press and what I had expected to be important, but which got very little attention.
Ecopetrol (NYSE: ECP) reported good financial performance in 2017, and prospects for this year are positive as well. Oil prices and the discount to Brent played a key role in this issue, benefiting all Colombians.
A group of locals in Yopal promoted the ‘For the Defense of Yopal’s Environment’ popular consultation, but did not gather the total number of signatures required by the National Registry.
The Colombian Association of Petroleum Engineers (Acipet) held a press conference to discuss progress in its information campaign with communities and other relevant issues. Julio Cesar Vera, President of Acipet, led the meeting. HCC was present at the event and we bring a summary of the meeting.
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