Last year was a difficult one for the industry in general. The Ministry of Mines and Energy (MinMinas) will announce the country’s reserves in coming days but the outlook is not positive.
Senators Maritza Martínez (U party) and Jorge Robledo (Polo Democrático) called a debate to discuss the impacts of the extraction of non-conventional resources through fracking.
The sector is looking for options to increase oil production in the country and unconventional techniques are attractive for many companies. However, the government position about this issue is not clear.
One hundred and fifty days have passed since the signing of the Peace Agreements between the government and Farc. Here is a brief recap of what has happened so far.
The oil and mining sectors have contributed huge amounts of royalties to boost the country development.
The country has been waiting for offshore exploration results with optimism. Ecopetrol (NYSE: EC) announced the first big finding of the offshore exploration campaign.
The NOC will develop different projects in Colombia’s territories, especially in the education sector where the ‘Zero Illiteracy’ program is taking place, and will soon develop a joint agreement with Santander’s University to boost the country’s regional human capital. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The company spoke about ‘El Portón’ project, which has generated protests and court actions by La Union (Casanare) inhabitants.
The Ministry of Mines and Energy announced a new rise in the fuel prices in the country. It has grown consistently since January this year.
In addition to considering that there could be a gas shortage in the country by 2018, the Comptroller General showed its concern about the effects that delays in the planning and implementation of new gas projects could have.
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