News and AnalysIs for

Colombia has great expectations about the natural gas sector’s future in Colombia. Orlando Cabrales, President of the Colombian Natural Gas Association (Naturgas) made some recommendations to leverage the gas potential in the country.

The Minister of Mines and Energy (MinMinas), German Arce, spoke about the development of successful projects that have been possible thanks to the presence of the industry in Colombia. These and other stories in our periodic Royalties summary.

The Colombian Petroleum Association (ACP) and the Chamber of large consumers associated with the National Entrepreneur’s Association (ANDI) announced plans to boost the natural gas industry in the country.

The National Hydrocarbons Agency (ANH) and the Ministry of Mines (MinMinas) held an event to give a “Recognition of Significant Experiences of Environmental and Social Management” in the Ministry’s broad areas of responsibility. HCC was present at the event and we bring a brief summary of the meeting.

According to Colombia’s Chamber of Petroleum Goods and Services (Campetrol), the lack of government support is negatively affecting the industry.

Ecopetrol (NYSE:EC) and Equion spoke about different social investment projects that were developed in their areas of influence, highlighting positive results. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

The minor oil spill from the Lizama well generated a controversy between environmentalists, inhabitants and people against the sector. Ecopetrol (NYSE: EC) announced the actions taken to compensate for the damage.

The Colombian Petroleum Association (ACP) made recommendations to the government of Iván Duque to improve the performance of the industry in Colombia.

The oil sector faces many challenges to operate in Colombia, but attacks on infrastructure and insecurity are two of the main ones. The Ministry of Mines and Energy (MinMinas) spoke on this issue and the communities’ role in this issue.

The union announced that it submitted the list of requests to Ecopetrol´s (NYSE:EC) management, to start negotiations of a new Collective Labor Agreement.