During the ninth ‘Construyendo País’ (literally: ‘Building our Country’) workshop, the Minister of Mines and Energy (MinMinas), María Fernanda Suárez, announced an increase to the royalties’ budget.
Colombia continues to discuss the possibility unconventional techniques to increase oil reserves and production. Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), spoke on this topic in a debate.
The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the Ecopetrol (NYSE: EC) project Oripaya block located in the municipality of San Jose de Cucuta in the department of Santander.
At the recent ACIEM Enercol Conference, there was a very interesting debate about the second regasification plant. Even I have to admit the bureaucrats made their case.
Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.
A new fracking debate will soon take place in Congress. Hector Manosalva, Ecopetrol’s (NYSE: EC) Vice President of Development and Production, spoke about what this technique represents for the country.
The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the exploratory drilling project Rio Zulia West of the company Turkish Petroleum.
Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), announced the royalties’ budget for the period 2019-2020. She highlighted that the government is optimistic about these resources, thanks to the increase in oil prices.
Local production of ethanol is insufficient to cover the demand for this fuel in Colombia, increasing imports. The United States Department of Agriculture made a report on ethanol exports, highlighting an increase in shipments to Colombia.
The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.
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