An anonymous reader sent me an email about our article on Venezuela from a week or so ago. He disagreed with the ACP’s conclusion that turmoil in Colombia’s neighbor was a big opportunity for our oil and gas sector. I concur with him.
The Colombian government wants to reactivate hydrocarbons exploration and production as soon as possible. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke about the offshore blocks, new regulation and other key issues for the industry.
Authorities confirmed that thanks to the General System of Royalties (SGR), the regions were able to receive important resources to develop social investment projects. These and other stories in our periodic Royalties summary.
The National Environmental Licenses Agency (ANLA) announced progress in the risk management plan of the Caño Limon-Coveñas pipeline (CCL). The entity pointed out that local authorities are helping in this process.
Slowly but surely, Infrastructure for Taxes has been positioning itself as one of the industry’s main opportunities to positively impact Colombia’s rural areas. Politicians highlighted the development of its first project from the oil and gas industry using this program. Our Bottom-Line returns to the theme of local and elite communications as it applies here.
Ecopetrol’s (NYSE) CEO, Felipe Bayón, spoke about the importance that fracking has for Colombia in a scarce oil environment.
Colombian oil sector has faced difficult times in recent years, but the industry has a great opportunity to grow rapidly due to geopolitical conditions. The Colombian Petroleum Association (ACP) and experts spoke about this situation.
I was in Canada over the year-end holidays and got to spend a lot of time watching television sports (a favorite pastime). That also meant I watched a lot of commercials which, these days, means watching a lot of ads for the Trans Mountain Pipeline.