Since so much of the oil / gas and mining investment in Colombia is by Canadian companies, speaking to the Canada Colombia Chamber of Commerce is a good way to talk to the extractive sector in one session.
A few weeks ago, we reported the latest results from the National Hydrocarbons Agency (ANH) Territorial Strategy initiative: a series of four academic studies sponsored by the United Nations Development Program (UNDP).
The president (acting) of the National Hydrocarbons Agency (ANH) Orlando Velandia participated in a forum in the Senate to discuss an energy agreement “The International Energy Charter”, of which Colombia forms a part. He also talked about the importance of supporting the hydrocarbons industry.
The USO has been leading a protest and demanding access to the Puerto Cayao (Cartagena) regasification plant, accusing its operator of not recognizing the union and blocking the entry of union leaders.
Two of the largest Colombian workers’ unions have called on the government to take immediate action to stimulate oil activity and counter a near stagnation in exploration activities.
Gran Tierra (TSX:GTE) second quarter 2016 production held, and the firm said that it has deferred planned workovers to the second half, and expects improvements in the oil price to continue. The second half will also include contributions from the recent acquisition of PetroLatina.
The National Hydrocarbons Agency (ANH) held its account rendering session for the first half of 2016, and highlighted its efforts to mitigate the adverse effects of the fall in oil prices and the challenges left for the rest of the year.
A recent report from the National Planning Department (DNP) found that there are 122 royalty funded projects worth around CoP$1T (US$324M) which are in a “critical state of execution” and suffering from delays and management problems.
President Juan Manuel Santos released more details on the timing for signing a final agreement with the Farc and said that the plebiscite can be ordered before the final agreement is signed.
Ecopetrol (NYSE:EC) has proposed moving its Lorita-1 well, part of an exploration project, due to concerns from residents in the Municipality of Guamal, Meta. The NOC said that the project will go forward, although it has been discussed now for over three years.
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