The union gave a report two months after having signed the Agreement with Ecopetrol’s (NYSE: EC) management.
At the third congress of the Colombian Petroleum Association (ACP), Minister of Mines and Energy (MinMinas) Germán Arce spoke about the economic benefits that the industry has brought to the country. These and other stories in our periodic Royalties summary.
Minister of Mines and Energy (MinMinas) Germán Arce, said that offshore investments in the country exceed US$700M.
The boom of anti-oil and mining referendums has generated much controversy around the country, as this is affecting the development of these sectors, legal security and many investments. Some politicians talked about these popular mechanisms.
Possible modifications to the General System of Royalties (SGR) were discussed at the third congress of the Colombian Petroleum Association (ACP); presidential candidates gave their opinion on the matter.
During her speech at the third annual Congress of the Colombian Petroleum Association (ACP), Brigitte Baptiste, director of the Humboldt Institute, said that companies have to work on their energy transition processes. The development of these and more stories in our periodic Eco summary.
The Coveñas /Caño Limón (CCL) pipeline suffered new attacks on its infrastructure causing serious environmental damage. This happened a few days before the beginning of the bilateral ceasefire between the Government and the ELN.
The boom in anti-oil and mining referendums keeps increasing and communities intend to expand this popular mechanism. Meta and Tolima are the next targets.
Colombia needs to guarantee its self-sufficiency for the long term, and the country is analyzing different alternatives to achieve it. Fracking is one of the options, but the most controversial. The government might have made a decision on this issue.
One of the main concerns in relation to the industry is the fact that according to the National Hydrocarbons Agency (ANH), the country’s reserves will only be enough for five or six years.
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