With Brent at US$70 per barrel, the government is calling on the different oil companies operating in the country to make the investments they committed in 2012 and 2014’s oil rounds.
The Colombian government wants to be part of the Organization for Economic Cooperation and Development (OECD). Colombia undertook several changes and the government announced measures to achieve this goal.
The National Agency of Environmental Licenses (ANLA) spoke about the gaps that exist in the studies of China’s Emerald Energy to develop El Nogal block in the municipality of Morelia (Caquetá).
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months and year ended 2017. Average production increased in 2017, but it decreased in 4Q17. The firm reported a net loss during last year due mainly to non-cash asset impairment charges.
Ecopetrol (NYSE: ECP) announced its plans for the period 2018-2020 period in the congress of the Colombian Natural Gas Association (Naturgas).
The annual Naturgas congress took place in Cartagena last week. Here are some of the most important topics that were discussed at the event.
CEO Felipe Bayón spoke about the NOC’s contingency plan to face the environmental emergency that took place in Barrancabermeja, after an accident in the Lizama well.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for February 2018. This metric increased compared to January figures, breaking a negative trend that started in December last year.
The Ministry of Mines and Energy (MinMinas) announced that it gave ‘the green light’ to the tax incentive that seeks to stimulate oil and mining activities in the country; the Certificate of Tax Reimbursement (CERT).
Colombia continues to discuss the possibility of implementing unconventional techniques to guarantee energy self-sufficiency in the long term. Vice Minister of Energy, Rutty Paola Ortiz, spoke about advances in this regulation.
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