Wednesday’s “Counter-offer Round” of the first wave of the ANH’s Permanent Competitive Process (PPAA) was virtually a non-event with only one counterbid filed. But that is excellent news for the rest of the companies that prevailed in the first round and received no counterbids. They can move to the contract-signing phase immediately.
The President of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, explained how small and medium companies can help reactivate the national industry.
Iván Duque, President of Colombia, promised to make important changes to help the oil sector. The General System of Royalties (SGR) is one of the most controversial issues with communities and authorities announced important moves to reform it.
The State Council is analyzing whether the regulations to develop fracking in Colombia are viable or not, which could start solving the future of unconventionals in the country.
The National Environmental Licensing Agency (ANLA) made 49 requests to Frontera Energy’s (TSE: FEC) project in Puerto Gaitán (Meta). Here are the details.
The Extractive Industries Transparency Initiative (EITI), a global standard that promotes the open and responsible management of oil, gas and mineral resources worldwide, gave an award to the Colombian extractive sector.
The government has not made a final decision on fracking, but authorities already have projections of the possible benefits that this technique can bring to the country.
The National Hydrocarbons Agency (ANH) and Ecopetrol (NYSE:EC) are working to launch a new oil round to reactivate production in small fields that still have crude.
Here is how Colombia is looking to diversify its exports, now that its energy self-sufficiency is at stake.
Casanare’s government announced that 19 of the department’s municipalities will have access to a better energy service, thanks to royalties’ resources. These and other stories in our periodic Royalties summary.
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