Latin American countries want to boost their oil sectors by offering blocks for exploration and production. The governments of Latin America open their doors to private investment in the oil industry, after years of monopolies.
The firms stood out among other oil companies recently for their successful social responsibility initiatives in Nariño, Casanare and Huila, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Amerisur Resources Plc (LSE: AMER) announced its certified reserves and resources for the year ended 2017. The company’s reserves decreased, but the administration is optimistic about the future.
Several Latin American countries will elect a new president this year and some candidates have radical positions against the oil sector, generating uncertainty among investors in the region. Standard & Poor’s conducted an analysis on the political situation of Latin American countries.
The majority of municipalities in Colombia still do not have their Territorial Planning Organization (POT) up-to-date, even though the National Planning Department (DNP) warned about this issue last year.
Through the announcement of a new public policy, the government just took another step towards incorporating renewable energies in the country such as wind, solar and biomass. The development of these and more stories in our periodic Eco summary.
Antonio Celia, President of midstream and downstream player Promigas, complained about well head gas prices and the gas industry more generally. The sector has many concerns and the next government must do more to improve competitiveness.
The company’s management spoke about the investments planned for this year in Colombia and Peru; the figures doubled compared to last year.
The Project of a new regasification plant in the Pacific has generated much discussion and controversy in the sector. The government is determined to carry out this project, but now there is talk of a third plant on the Caribbean coast.
Magdalena’s Collegiate Body for Administration and Decision (OCAD) prioritized the construction and remodeling of sport fields, recreational parks, bridges and urban roads during its last session. These and other stories in our periodic Royalties summary.
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