Oil prices had a volatile behavior during 2018, reaching up to US$90 per barrel, but these ended the year in a range close to US$50. What are the expectations for this year? Experts analyzed this important metric.
The National Agency of Environmental Licenses (ANLA) ruled on the requirements to grant an environmental license to the ‘Gangori Production Area’ project in the department of Meta.
A ruling from the Supreme Court has companies wondering what could happen next, as it ordered Ocensa to financially compensate those who were affected by the ELN’s attack in the Machuca Village (Antioquia).
President Duque announced the reactivation of capture orders against the ELN’s delegation, after the armed group claimed responsibility for attacking the Police Academy in Bogotá. How will this affect the Colombian economy?
The Army reported positive results in operatives against oil smuggling in Cúcuta (Norte de Santander) and Tame (Arauca), among others. The development of these and other stories in our periodic Security summary.
Authorities were able to significantly reduce fuel theft, but are still struggling to eliminate fuel smuggling.
The high commissioner for peace, Miguel Ceballos, announced that the ELN has one month to show more will for peace or it will lose its title of ‘armed organization with political status’.
Authorities in oil producing municipalities were surprised to see that the new royalties’ budget excluded a big part of the resources that president Duque had announced for some regions. These and other stories in our periodic Royalties summary.
The General System of Royalties (SGR) has been one of the main discussion topics between the government, communities and oil sector. The last reform to the SGR generated significant conflict with the inhabitants of producing regions. Ivan Duque, President of Colombia, spoke on this issue.
Concerns about a possible shortage of energy in Colombia are rising due to the El Niño phenomenon. However, the energy marketplace, XM, conducted a study on the levels of energy generation with fossil fuels and the results provide peace of mind at the moment.
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