The discussion around the development of unconventional resources is still going on. Some experts from the National University of Colombia expressed their support to this technique, while others opposed to it.
Vice President Martha Lucía Ramírez spoke about the different sectors of the economy that will reactivate their activities after the current mandatory isolation period ends, on April 27th this year.
On Monday April 20th, WTI for May went into negative territory. Theoretically, oil companies would have to pay customers to take their May production. No one we spoke to could remember this happening before.
The National Hydrocarbons Agency (ANH) announced the prequalified bidders for the fourth window of the Permanent Competitive Process (PPAA).
The government is seeking the industry’s help through the Legislative Decree 574, amid the health emergency.
OPEC Members announced that they reached an agreement to cut oil production. Will the measure benefit Colombia?
Authorities published sanitary measures and good practices for companies in the energy mining sector, amid the Covid-19 pandemic.
The industry has reduced its operations worldwide due to the current crisis. The Colombian Association of Petroleum Engineers (Acipet) spoke on the matter.
This article by Hector Herrera for El Espectador talks about the countries that have benefited from the development of fracking, versus those that have banned the technique.
Frankly, the last time oil prices tumbled, the ANH was less than helpful. There was a grand event where the ANH and the then-minister announced great things! Only to have the agency’s lawyers and the board rip these ‘great things’ to shreds and create regulations that were more onerous and more costly than the ones from which the industry was supposed to have relief. Here Marianna Boza and the team from Brigard Urrutia give us an overview of the latest ‘help’. It does appear to help companies optimize their exploration portfolios but we will leave it to the firms themselves to decide if this is enough to compensate for Brent in the low 30’s.
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