News and AnalysIs for

In our second look at Argentina’s oil and gas industry, we examine how a dependency on natural gas has led to a fiscal crisis, and how the potential for shale resources could alleviate this problem and make the country and exporter of hydrocarbons once again.

This week’s article on the Argentine oil and gas industry is devoted to unconventional resources, which, in Argentina’s case mostly means gas.

The Ministry of Mines and Energy (MinMinas) took part in the Extractive Industries Transparency Initiative (EITI) conference in Oslo (Norway).

The popular consultation that will determine whether citizens of Cumaral (Meta) approve oil activities in their territory or not, will take place on July 4^th. Ecopetrol’s (NYSE:EC) president went to the municipality to defend the NOC’s position on the matter.

The Union showed support toEl Centro community regarding protests at La Cira –Infantasfield, as well as to Barrancabermeja’s protesters, who demand the modernization of the Refinery.

There is optimism about the sector’s performance this year. Oil companies announced good financial and operational resultsduring 1Q17, and Colombian authorities hope to see better results in coming quarters.

ExplorationThe Colombian government is optimistic about the results that offshore projects could give in the Caribbean Sea, especially in gas.

The Ministry of Mines and Energy (MinMinas) announced Colombian oil and gas reserves during 2016. They dropped compared to 2015 and one of the reasons was Ecopetrol’s (NYSE: EC) participation in total reserves in the country.

Fifteen municipalities located in Bolivar and in 10 municipalities of Córdoba, were identified as potential oil producing areas.

Only eight days before the deadline for the delivery of Farc’s weapons, the guerrilla insists on “rescheduling” the rest of the post-conflict activities.