News and AnalysIs for

This is how much the State will receive from Ecopetrol (NYSE:EC), if the company’s board of directors agrees on the current profit distribution plan.

Two weeks ago we looked at the UPME’s demand scenarios, pointing out that 70% of the forecast growth comes from the Oil+Gas sector, a fact we found surprising, especially considering that the forecast was not well explained and seemed to be way off in the first year of the study (2019). This week we look at supply and the ‘balance’ or the difference between supply and demand.

In its latest report, the Mining-Energy Planning Unit (UPME) analyzed the costs firewood replacing processes. Here are the details.

Extreme temperatures, natural disasters and the loss of biodiversity are some of the global risks that the industry will face this year, the most recent report of the World Economic Forum said.

The National Environmental Licensing Agency (ANLA) and Barrancabermeja’s Environment Secretariat conducted a social control process on the Lizama 158 well.

The Colombian Association of Petroleum Engineers (Acipet) spoke about the challenges of developing unconventional resources in Colombia.

Luis Miguel Morelli left the presidency of the National Hydrocarbons Agency (ANH) last week. Authorities announced a candidate ready to replace him.

These are some of the challenges that the new administration of the National Hydrocarbons Agency (ANH) has ahead.

So my first fearless prediction did not come true. I said in December this article would be published in January and it is already nearly the end of February. Please do not take this as an indicator of my forecasting ability.

The Deputy Minister of Mines and Energy (MinEnergia), Diego Mesa, spoke about the future of unconventional resources in the country, among others.