News and AnalysIs for

On August 7^th, 2018, the Presidency of Juan Manuel Santos will come to an end. How was it on balance for the oil and gas industry? We will assemble the statistical evidence in an Analyst’s Desk article and, in this multi-part article, I look at some of the more qualitative assessments.

The Organization of Petroleum Exporting Countries (OPEC) reported on the oil sector in Latin America and Colombian results are not encouraging. The National Hydrocarbons Agency (ANH) disagrees with OPEC.

Jorge Humberto Botero, President of Fasecolda, proposed to sell the State’s participation in Ecopetrol (NYSE: EC), generating a controversy in the country in recent weeks. The National Association of Financial Institutions (Anif) and experts analyzed this proposal and its possible consequences.

Before the end of the year, the firm expects to bring natural gas service to 25,000 new users in the five departments where it is now present, said CEO Jairo de Castro.

According to the UN, the environmental emergency in La Lizama was not “big” in comparison with others that occurred in Colombia and Latin America. The development of these and more stories in our periodic Eco summary.

The period of Juan Manuel Santos as president is about to end. German Arce, Minister of Mines and Energy, reported on investment results over the last eight years.

President-elect, Ivan Duque, spoke about some of his plans in the Collegiate Body for Administration and Decision (OCAD) and other key issues in a meeting with mayors of the country’s municipalities.

Through a resolution, Tolima’s Regional Autonomous Corporation (Cortolima) confirmed that it will no longer give permits for mining activities.

President-elect, Ivan Duque, announced that Ecopetrol’s (NYSE: EC) CFO, María Fernanda Suárez, will be the new Minister of Mines and Energy (MinMinas).

Late yesterday afternoon, Parex (TSX:PXT) issued a press release announcing that the Board of Directors had decided to “initiate a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.”