A personal reflection the system for distributing royalties from non-renewable resources, to be read (preferably out loud) as a children’s fairy tale with appropriate exaggeration and drama.
Now that all the companies that give us enough data to look at prices have published, we can see how average realized Colombian oil prices performed relative to the two global benchmarks. We also take a look at Vasconia.
The National Agency of Environmental Licenses (ANLA) says that the number of environmental license requests it had received from January to June of 2016 from the hydrocarbons industry has fallen by 47%.
The USO said that it has reached a milestone by affiliating a third of Ecopetrol (NYSE:EC) workers, which according to the union means that its collective bargaining agreement can be applied to all workers of the company.
The president of the Colombian Petroleum Association Francisco José Lloreda has joined calls for the government to take special actions to guarantee that special Farc concentration zones do not put hydrocarbons projects at risk.
The propane sector has been through a process of formalization that started in 2010, and a new regulatory framework underway could enhance this transition and bring more growth for the fuel, says Nicolás Botero-Páramo Gaviria president of the propane association Gasnova.
The Farc and government have agreed to the criteria and process that will be used to select the magistrates that will form the Special Peace Tribunal, the legal entity with jurisdiction over the process of demobilizing guerrilla members and matters of the post-conflict transition.
A wave of blockades in Putumayo, Caquetá and Huila add to the 45 registered this year in a growing trend which have some speculating in the national press that companies could start suspending or canceling projects.
After successive production growth, Geopark´s (NYSE:GPRK) oil and gas production dropped for the first time, but the firm was able to shrink its loss compared to the first quarter and last year.
As Ecopetrol (NYSE:EC) closed an intense six months which included the operational launch of the Cartagena Refinery (Reficar), the handover of Cusiana and Rubiales and a management restructuring. The firm reported that during the second quarter its production has faltered but its financial results improve on the first quarter of the year.
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