Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q2018. The company reported advances in its drilling program but production decreased. As reported earlier, the firm highlighted the end of some transportation agreements.
Santos government and the ELN concluded their sixth cycle of negotiations, without achieving the bilateral ceasefire that would guarantee the viability of the process.
Colombia is looking for alternatives to improve its production and reserves metrics and the Enhanced Oil Recovery (EOR) technique is one of the main strategies to achieve it. Ecopetrol (NYSE: EC) is implementing EOR in its fields with good results.
The union quoted Sentence 796 of 2014, among others, to defend its right to ‘defend their rights’.
This week we skip our ‘Last 8 years’ qualitative feature in favor of a guest contribution but we continue the series in our quantitative analysis column. Last week we looked at turnover in key policy positions. If policy instability put off investors, we would expect it to show up in investment and exploration statistics, which is what we look at here.
As they were going out the door, the ANH staff obviously got worried about those nasty ‘incompletes’ on the agency’s ToDo list. As we have complained many times, one of the most significant open items is – or was – the continuous assignment process, now officially dubbed the “Permanent Competitive Procedure”. Leopoldo Olavarria and his team at Norton Rose Fulbright have brought us this overview and commentary on the new procedures.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for August this year.
The Congress must decide what will happen with the bill that seeks to ban fracking in Colombia. Carlos Andrés Santiago, promoter of the project, spoke on the matter.
The National Agency of Environmental Licenses (ANLA) ruled on environmental obligations in the country. Luis Gilberto Murillo, Minister of Environment (MinAmbiente) spoke about this decision and its positive effects on key issues such as investment and the environment.
Ecopetrol (NYSE:EC) and Ocensa spoke about the development of successful social investment projects in Putumayo and Caquetá, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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