Colombia faced hard times in recent years, but it seems like it survived. Projections are positive but conservative and different experts talked about the country’s economic challenges to growth.
The Minister of Mines and Energy (MinMinas), Germán Arce, appointed two engineers as expert commissioners in the Energy and Gas Regulatory Commission (CREG).
Frontera Energy Corporation (TSX: FEC) and PentaNova Energy Corporation (TSXV: PNO) announced changes in their executive positions.
Recently, Ecopetrol (NYSE:EC) got the public’s attention about the violence in southern Meta with a ‘gee whiz’ estimate of how much oil production was at risk. That got our Analyst thinking about production concentration and risk.
The Sinu San Jacinto bid round was announced with great fanfare on September 12th, 2017. The auction was supposed to have completed before the end of that year. Now, quietly, the date keeps slipping.
Recent movements in oil prices and in the Colombian peso have us asking again about whether higher oil prices lead to a stronger Colombian peso.
Deputy Minister of Mines and Energy, Carlos Cante, is currently in Oslo (Norway) participating in the Extractive Industries Transparency Initiative (EITI) summit.
The Ministry of Mines and Energy (MinMinas) spoke about its alliance with the Colombian office of the United Nations Development Program (UNDP), to improve the industry-communities relationship.
Juan José Echavarría, Manager of Colombia’s Central Bank (Banrep), spoke about Colombia’s management in oil bonanzas and its consequences in times of low prices.
The National Planning Department (DNP) announced some of the projects that were pre-selected for the ‘Well Invested Royalties Award,’ aimed at promoting the good use of resources from the General Royalty System (SGR). These and other stories in our periodic Royalties summary.
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