The last two years have been difficult for oil industry because of low oil prices and social issues. This caused many projects to stop and investments to fall. Nevertheless, the Colombian Petroleum Association (ACP) believes that investment levels will increase this year.
Colombian media reported the country has one of the most expensive production processes in the world.
The department of Santander has a new high-tech oil and gas laboratory. The Santander Technologies Unit is leading this important project.
The contradictory rulings of Colombian authorities in 2016, have created legal uncertainty in the oil, gas and mining sectors.
The USO’s major topics of discussion during this week were the ‘labor massacre’ to which workers of the Masa Stork plant will supposedly be put through, legal issues with Naviera Fluvial S.A, corruption and the consequences of Terpel’s so-called fuel monopoly.
The Colombian government failed to meet its oil production target for 2016 (what a surprise). The Ministry of Mines and Energy (MinMinas) reported data for December and the annual average extraction in the country.
German Espinoza was appointed as the new executive president by the Colombian Chamber of Petroleum Goods and Services’ (Campetrol) Board of Directors and will assume office on February 1st, 2017.
The Colombian Petroleum Engineers Association (ACIPET) has a new board and elected Julio Cesar Vera Díaz as the new Chairman. Acipet published an interview with Vera Díaz and we bring a brief summary of it.
After months of speculation, seems like negotiations between the Government and the ELN will start on February 7 in Quito, Ecuador, five days after the ELN releases former congressman Odín Sánchez.
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