Authorities just reported on oil and natural gas reserves, creating concerns in the sector. Here is what the Mining and Energy Planning Unit (UPME) has to say on the matter.
The Ministry of Mines and Energy (MinMinas) and the Colombian Petroleum Association (ACP), spoke about the importance of developing fracking in the country.
The National Environmental Licensing Agency (ANLA) has been reporting on its monitoring processes. This time, the entity ruled on the Quifa exploration area.
General Comptroller Carlos Córdoba said that the entity is not against fracking, but asked for certain conditions to be fulfilled.
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.
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