Promigas’ 2016 natural gas sector report found that Colombia has gas reserves for 14.5 years, but by adding imported gas from Venezuela and the country’s first regasification plant, the reserves will last five additional years and reach 19.5 years.
Plans for a Meta refinery under a state firm, Llanopetrol, have been marred by controversy and scandal which have once again surfaced in national and local press.
The Ministry of Environment (MinAmbiente) said that it has formed a special committee in Putumayo which will mitigate the effect of “inadequate practices of hydrocarbons production”. The committee includes 13 mayors and local authorities and institutions.
Celebrating 10 years in Colombia for the firm, Mansarovar Energy CEO Harvinderjit Singh said the company is here to stay, interested in competing for new areas and focusing its efforts on a streamlined and efficient operation.
Further clouding who has authority to allow or restrict extractive activities, the Constitutional Court has ruled municipalities have the right to decide whether extractive activities, mining in this specific case, can take place. National authorities and industry associations have expressed concern.
Despite rumors that the acting National Hydrocarbons President Orlando Velandia has been named the formal president, the ANH website still lists him as interim. This lack of authority is reportedly causing problems especially over legal matters which have fallen to middle management to decide.
Sitting around the HCC editorial offices on Friday afternoon, the Analyst was looking for something to write about for this week’s column. He was suffering a rare case of writer’s – or better – analyst’s block.
I was at the ANH/Semana Forum on offshore exploration last week. It was worth attending although more directed at the general public than the industry.
The USO continues with its preparation in different regions ahead of a planned general strike of its large base of affiliates employed by Ecopetrol (NYSE:EC).
In an article last week on the new Ecopetrol (NYSE:EC) strategic plan for 2020, we remarked on the NOC’s pessimism. The same picture appears when looking at reserves.
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