The decline of natural gas fields in the Catatumbo region, which supplies this fuel to Cúcuta and its surroundings, worries authorities. This project could save gas service in the area.
Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.
Coomulpinort, a governmental Association that works towards finding new jobs for ‘pimpineros’ (people dedicated to oil smuggling), spoke about this crime. The development of these and other stories in our periodic Security summary.
The department of Casanare is one of the main oil-producing regions in Colombia. The oil crisis seriously affected the economy of this region, but the department saw this situation as an opportunity.
A new fracking debate will soon take place in Congress. Hector Manosalva, Ecopetrol’s (NYSE: EC) Vice President of Development and Production, spoke about what this technique represents for the country.
The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the exploratory drilling project Rio Zulia West of the company Turkish Petroleum.
The guerrilla has not been necessarily committed to the peace process, and if they want to keep the negotiations going, they will have to follow president Duque’s conditions. Here are the details.
Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), announced the royalties’ budget for the period 2019-2020. She highlighted that the government is optimistic about these resources, thanks to the increase in oil prices.
Local production of ethanol is insufficient to cover the demand for this fuel in Colombia, increasing imports. The United States Department of Agriculture made a report on ethanol exports, highlighting an increase in shipments to Colombia.
The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.
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