We have to admit to a certain fascination for how the world is distributed and how to represent its complexity. The Colombian crude oil sector is more concentrated than we (at least) might have expected but still has a so-called ‘long-tail’ of producers and operators.
After almost 60 hours of blockades in Ecopetrol’s (NYSE:EC) pipelines nationwide, the USO reached an agreement with the NOC’s management and announced the end of the strikes.
EnvironmentThe National Hydrocarbons Agency (ANH) is working with Parques Nacionales and environmental agencies to ease the adjudication of new oil blocks in the country.
The Centro Democrático political party started a series of conferences with economics professor Alberto Bernal, who analyzed Colombia’sfuture and the importance of the extractive industries to it.
During the seventh public hearing hosted by the National Authority of Environmental Licenses (ANLA) this year, communities of 30 villages of Saravena and Arauquita (Arauca), together with representatives of Ecopetrol (NYSE:EC), spoke about the Berilo Llanos 38 project. The development of these and more stories in our periodic Eco summary.
GasThe possibility of building more regasification plants has generated much controversy in the gas sector during this year and the discussions continue. Representatives of the sector spoke on this topic.
The country will undergo an early evaluation to go from a candidate country to a member of the Extractive Industry Transparency Initiative (EITI); the Organization includes the largest oil and mining companies from53 countries.
La Macarena is a rich region in natural resources, but this area has suffered from armed conflict. The situation in this region is changing thanks to the peace agreement with the FARC, but the discussion between oil and water is still latent.
The Ministry of Mines and Energy (MinMinas) said that the development of infrastructure projects in Antioquia was a success, and for the second year in a row, Valle de Cauca was the leading department in science and technology initiatives. These and other stories in our periodic Royalties summary.
We are now two months into the ELN ceasefire and the question we wanted to answer was whether they are keeping to their part of the deal. The answer, at least from an oil and gas infrastructure point of view, is ‘mostly’.
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