The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for April 2019. Working rigs increased and the Chamber showed its optimism for the behavior of this metric during 2019.
The President of the Colombian Petroleum Association (ACP), Francisco José Lloreda, spoke about the country’s energy future, and the challenges and opportunities that this year brings.
The offshore industry has been popular among top global firms who decided to bet on Colombia’s Caribbean area. The ANH thinks new blocks in the Pacific might have just as much success.
The Ministry of Mines and Energy (MinMinas) will publish data on oil reserves in the coming days. Industry experts talked about the possible behavior of this important metric during the past year.
The industry, headed by the Colombian Petroleum Association (ACP) and Ecopetrol (NYSE:EC), attended the second work meeting with President Iván Duque and his team.
Iván Duque, President of Colombia, pledged to promote the development of the oil sector in Colombia and his government has taken several steps to achieve it. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke on this topic.
The Colombian government announced the terms of reference for the Permanent Competitive Process (PPAA), generating high expectations in the oil sector. The companies have shown their interest in developing oil projects in new regions of the country.
The Commission of Experts published its final verdict on fracking, and the debate around this topic is starting to finally make sense. Here is why.
Not only Ecopetrol (NYSE:EC), but ExxonMobil (NYSE:XOM) and ConocoPhillips (NYSE: COP) want to develop fracking pilot projects in Colombia.
The oil sector has been announcing agreements and alliances in recent weeks with the aim of reactivating the exploratory activity in the country. Ecopetrol (NYSE: EC) and Repsol (MSE: REP) will develop a new offshore project in the Caribean coast.
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