José María Castro, Manager of Sociedad Portuaria El Cayao (Spec), spoke about the Liquefied Natural Gas (LNG) market, prices and the regasification plant of Cartagena.
With the aim of assuring a better distribution of royalties’ resources for the regions,Santander’s Governor Didier Tavera proposed a reform to the General System of Royalties (SGR). These and other stories in our periodic Royalties summary.
A study by the Colombian Petroleum Association (ACP) said that most of the investments planned for next year will go to the development of onshore projects.
Ecopetrol (NYSE: EC) announced a new oil discovery in the Middle Magdalena Valley Basin (VMM) in the department of Santander.
The boom of anti-oil and mining referendums put at risk the development of these important sectors. The situation generated a lot of uncertainty, stopping operations in several municipalities around the country. However, it seems like things are calming down.
The Colombian oil sector had a difficult year as a result of social and legal problems. The country will have elections in 2018 and the industry is concerned about the results of this process.
German Arce, Minister of Mines and Energy (MinMinas), spoke about the possibility of implementing unconventional techniques and the consequences if these are not approved.
The Police and the Army committed to reinforce surveillance activities on the border between La Guajira and Venezuela, with the aim of controllingsmuggled fuel that arrives from the neighboring country. The development of these and other stories in our periodic Security summary.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about how fracking is progressing in the country and reiterated the need to understand that a big part of the national economy depends on the industry.
The government has great hopes for offshore projects to guarantee the country’s energy self-sufficiency in the long term. Authorities have created several regulatory standards to promote the development of these new projects.
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