Environmental lawyer Rodrigo Negrete spoke about the current situation of popular consultations in Colombia, and about the recent judicial decisions that could jeopardize them.
Luis Fernando Mejía, Director of the National Planning Department (DNP), spoke about the General System of Royalties (SGR). He answered the Comptroller General’s concerns.
Representatives of Frontera Energy, Mansarovar Energy and Gran Tierra Energy (TSX: GTE) spoke about their efforts to protect biodiversity in their fields and preserve Colombia’s natural resources.
Ecopetrol (NYSE: EC) announced its first quarter 2018 results and its management highlighted that the firm was solidly committed to excellence, as its financial performance showed the best quarterly results of the past four years.
Mansarovar Energy’s Executive Vice President of Corporate Affairs, Carlos Benavides, spoke about the firm’s plans in Colombia.
The Colombian government made a disastrous adjustment to the General Royalty System (SGR) a few years ago, generating social discontent in producing regions. Now, authorities are evaluating whether to carry out a new reform of the SGR.
Social investment in the oil sector has evolved into a mechanism that allows the integration of environmental and social factors for the benefit of communities.
We are only publishing Ecopetrol’s (NYSE:EC) overall results today but we thought we would get a jump on the analysis by publishing the NOC’s Line of Business results simultaneously.
There was a 50’s game show called ‘Truth or consequences’ and I was reminded of it while reading this week’s announcement on reserves.
The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil reserves in 2017, with positive results.
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