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Tito Salcedo Díaz, general manager of BioD, described the main guidelines that the sector must follow to find its place at the global table.

Cases of royalties’ mismanagement have increased in the country putting 10,000 projects in state of vulnerability, but the High Court is taking measures against corruption cases and already condemned three former officials in Meta, and the OCAD said there are 84 projects ready in the country. The development of these and other stories in our periodic summary.

Gran tierra Energy (TSX: GTE) announced its financial and operating results 2016. The oil company highlighted the increase in production and successful strategic acquisitions in Ecopetrol 2016 bidding round in the Putumayo basin.

Workers who are members of USO are protesting against their working conditions. The authorities intervened to calm the situation. Protesters reported aggression against them. Ecopetrol denounced the USO for damaging infrastructure.

The Ministry of Mines and Energy (MinMinas) revealed fuels prices for March. Both gasoline and diesel went up due to the reversion of the surcharge methodology.

Two officials from Ecopetrol and one from the UIS Alliance are part of the eight Colombians certified in the organic petrography technique.

Equion’s oil proyect in Nuchía was stopped after legal actions against the company were submitted by a local lawyer, and protests in Tauramena against Ecopetrol (NYSE:EC) do not seem to stop. However, GeoPark (NYSE: GPRK) and Parex (TSX: PXT) showed their commitment to the Tauramena community and carried out a medical brigade in the area. These and other Corporate Social Responsibility (CSR) projects in our periodic summary.

The oil company started operating the Llanos block 34 in the department of Casanare five years ago. GeoPark (NYSE: GPRK) created a strategy under the principle of “create value”.

GasAlmost at ‘the last possible moment, MinMinas finally published production numbers for January 2016. While crude oil went up, natural gas continued to slide. Although some companies are increasing their production, there is not much reason for optimism at the national level.

The Colombian Chamber of Petroleum Goods and Services (Campetrol) is optimistic about this year. The association believes that oil activity and investment will recover. Campetrol’s optimism is based on an analysis by the Colombian Petroleum Association (ACP).