The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for March 2018. Crude increased compared to the same period of last year, and gas showed a positive behavior as well.
The NOC spoke about the changes it made in its infrastructure, after the criticism it received for the environmental emergency at La Lizama.
The offshore industry development has generated high expectations, especially in the Caribbean region. Eduardo Verano, Governor of Atlántico, and Orlando Velandia, President of the National Hydrocarbons Agency (ANH), met to discuss this process.
The Ministry of the Environment (MinAmbiente) announced that the country is satisfactorily progressing in this process that will bring it a step closer to taking actions to face climate change.
Colombia has few years of oil reserves remaining and concerns about loss of self-sufficiency have increased in recently. However, the country has several regions with great potential. The Llanos Orientales is one of them.
Naturgas’ Orlando Cabrales warned that Ecopetrol would have to import diesel in the coming years, given the increase in demand for this fuel in mass transport systems.
The Energy and Gas Regulatory Commission (CREG) issued new tariffs for gas transportation recently, generating controversy with industry members. Experts from the sector spoke about the need to change this methodology.
The union argued that there are strategies to privatize the NOC, weaken it, and then order its sale.
After years of underperforming global indexes, Colombian-focused companies finally caught one: the TSX’s index of Canadian oil and gas stocks.
We are preparing a book (our first!) so I needed to reread all our weekly summaries about the FARC peace process. It was interesting to see what had changed, what was still an issue, what we thought was important from reading the Colombian press and what I had expected to be important, but which got very little attention.
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