The governors of Meta, Norte de Santander and Putumayo have signed an agreement called the “Regional Alliance of Hydrocarbons” to promote the social and economic development of these producing regions.
As the impact of the Great Slide in oil prices begins to be felt in the broader Colombian economy, industry associations and think tanks find they have a ready audience with the press. Anyone who can articulate a rational perspective contributes to the debate on the country’s most serious economic issue at the present time.
The last round of the talks with the Farc in Havana came to a close on February 12 so we are in another lull. Time for government negotiators to do their laundry, get reacquainted with their families and deal with other issues on the home front.
“Let’s do the time warp again!” One of the protagonists has changed and at last the government has weighed in but it still feels like 2013 all over again with Naturgas saying there is plenty of gas and an industry association, now the ACP, saying there is not.
Campetrol president Rubén Darío Lizarralde Montoya met with MinMinas Tomás González to talk about the sector and his message emphasized the need to keep exploring, both drilling and shooting seismic.
Press reports appeared that Mauricio de la Mora had been appointed the new head of the National Hydrocarbons Agency (ANH). But neither the ANH nor MinMinas have said anything officially.
While known as a producer of gas, La Guajira in northeastern Colombia has characteristics that led researchers at the National University to believe that it could hold an extension of the crude deposits found in the Middle Magdalena Valley.
Canacol Energy (TSX:CNE) highlighted its growing success with gas resources in Colombia in its fourth quarter 2014 (2QFY2015) results. However the firm was still hit by the devaluation of the Colombian peso and drop in the price of oil, and posted a US$46M net loss. We want to focus on the larger issue of what we can see in Canacol’s results that has implications for the broader industry
The president of the Colombian Petroleum Association Francisco José Lloreda started a round of producing regions with a visit to Yopal, Casanare, where he warned that that the government must take greater measures to address the impact of falling oil prices and the recent tax reform.
The National Association of Financial Institutions (ANIF) president Sergio Clavijo sounded the alarms and called for greater diversification of the economy.
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