Arrow Exploration Ltda. and Front Range Resources Ltd. (FRK) announced a significant advancement in the private placement financing of subscription receipts. In addition, Arrow gave an operational update for its blocks in Colombia.
According to official figures, Colombia’s FDI increased during August as a result of oil industry investments.
The National Army confirmed that operations against Walter Arizala, alias ‘Guacho’, have restarted. Here are the details.
The oil sector has proposed the development of unconventional projects to increase the country’s oil reserves and ensure self-sufficiency in the long term. However, this has generated much controversy and many Colombians have expressed their rejection of this possibility.
With better oil prices, Ecopetrol (NYSE:EC) could go back to producing 1mmbl, but according to CEO Felipe Bayón, that is not the company’s priority.
The Ministry of Mines and Energy (MinMinas) announced new measures to discuss the oil sector’s future and the transition of the country’s energy matrix.
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