Geopark Limipted (NYSE: GPRK) announced the expansion of its portfolio on Colombia, after the National Hydrocarbons Agency (ANH) bid round in June 2019. The company won three blocks in alliance with Hocol (a 100% subsidiary of Ecopetrol (NYSE: EC).
When you talk to those in the industry, they are generally upbeat about how things are going in both the short and medium term. Unless you are Ocensa. Then things are going badly. Very badly. Horribly in fact. At least, that is what it tells the regulator.
The mining-energy sector confirmed an aid package to support the contingency in the department of Meta.
Local authorities, the National Hydrocarbons Agency (ANH), the Ministry of Mines and Energy (MinMinas) and the World Energy Cities Partnership (WECP) signed an agreement to benefit the offshore sector in the country.
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.
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