News and AnalysIs for

CEO Felipe Bayón spoke about Ecopetrol’s (NYS:EC) positive financial results during the first quarter of the year.

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 government presented the final version of its National Development Plan (PND) to the Congress, where it included an article about unconventional projects. Here are the details.

Last week was a controversial one in Colombia’s congress with the ongoing battle over peace process implementation, approval of royalty reform in its opening debate and the final authorization of the government’s long-term economic plan (known as the PND for its initials in Spanish). The press reacted strongly to a clause about fracking but the politics of how one newspaper reacted was surprising, to me at least.

The House of Representatives’ First Commission approved the initiative to modify the General System of Royalties (SGR), in its first debate. Here are the details.

The Fuel Price Stabilization Fund (FEPC) deficit has been one of the main issues in recent years, as it continues to grow without a possible solution. However, this deficit could have a considerable reduction.

The oil sector argues that it contributes large sums of money to the General System of Royalties (SGR), but some communities said that these resources are not seen. However, the department of Antioquia highlighted an interesting project funded with royalties.

The National Environmental Licensing Agency (ANLA) reported on the follow-up process of different energy projects. Here are the details.

Liberal Party Senators, Jaime Durán and Luis Fernando Velasco, tabled a bill to prevent the government from selling 8.5% of the NOC’s shares.

Colombia could see an increase in its oil revenues, if Brent prices stay at US$74, Acciones & Valores said.