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Slowly but surely, the industry has been recovering from a drastic fall in oil prices. What are top global firms planning for next year?

The National Agency of Environmental Licenses (ANLA) spoke about the forum that took place in Mocoa (Putumayo), where authorities were able to discuss monitoring-network strategies in the area.

Marcela Amaya, Governor of Meta, showed her concern about the royalties’ distribution for the coming years. She contradicted some of the María Fernanda Suarez, Minister of Mines and Energy (MinMinas), comments about the budget for the region.

Arrow exploration Corporation is seeking financial flexibility and the firm announced an agreement on the Working Interest (WI) of the VMM-2 block to achieve it. In addition, the firm announces a commercial discovery.

According to the National Hydrocarbons Agency (ANH), Colombia is finally ready to start pilot projects for the development of unconventional resources.

The gasoline market has seen great movements in its players during the closing months of 2018, generating changes for the next year. Four companies are positioned as the most important for this market.

After a few debates in the Senate, the Ministry of Finance (MinHacienda) and the Ministry of Mines and Energy (MinMinas) confirmed how next year’s royalties’ budget will be allocated. These and other stories in our periodic Royalties summary.

Frontera Energy (TSX: FEC) announced its full year 2019 plan and guidance information. The company recalled that Colombia is key for its plans. The Board of Directors announced dividend to be paid in January 2019.

The countdown for 2019 officially started and the government will soon have to decide on the new royalties’ budget for the regions.

The Colombian fuel market received one of the heavyweights of the region this year, Primax, a subsidiary of the Romero Group. Carlos Gonzales, CEO of Primax, spoke about the firm’s plans in Colombia.