Henry Ruiz Molina, Executive President of the National Federation of Fuel and Energy Distributors (Fendipetroleo), spoke about the sector, prices and biofuels.
The Awá indigenous communities sued Ecopetrol (NYSE: EC) before Cundinamarca’s Administrative Tribunal, arguing an alleged violation of their fundamental rights.
The change to the General System of Royalties (SGR) has been one of the main causes of social discontent against the oil industry in recent years. Iván Duque, Presidential Candidate, spoke on this subject in the departments of Casanare and Meta.
The General Comptroller’s Office investigated projects financed with royalties’ resources in Casanare; a department known for its irregularities in the use of these resources. These and other stories in our periodic Royalties summary.
The oil sector considers that unconventional projects are the key to guarantee energy self-sufficiency in the long term. Barrancabermeja has potential in these types of projects, but Dario Echeverri, mayor of the city, made a proposal that could affect several plans in the region.
Gustavo Petro, who continues to lead electoral polls along with Ivan Duque, spoke about his proposals regarding the mining-energy industry.
The Ministry of Mines and Energy (MinMinas), together with the Mining and Energy Planning Unit (UPME) and the Territorial Development Finance (FDT), presented the Energy Efficiency Awards for 2018.
The Inspector General’s Office started an investigation for alleged irregularities in the handling of foreign resources to be allocated in the post-conflict process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Geopark Limited (NYSE: GPRK) announced the testing results of the Tigana Norte 9 appraisal well located in the Tigana oil field in the Llanos 34 block. The company also announced the date to report its 2018 first quarter financial results.
The environmental emergency in La Lizama generated changes, including, according to the press, potential impacts on the development of Ecopetrol’s (NYSE: EC) pilot project for fracking.
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