With more stable oil prices, some Latin American countries decided to auction blocks and boost industry activities in their territories. Colombia announced its strategy to compete against heavyweights like Mexico, Brazil and Argentina.
Latin American countries want to boost their oil sectors by offering blocks for exploration and production. The governments of Latin America open their doors to private investment in the oil industry, after years of monopolies.
The firms stood out among other oil companies recently for their successful social responsibility initiatives in Nariño, Casanare and Huila, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Amerisur Resources Plc (LSE: AMER) announced its certified reserves and resources for the year ended 2017. The company’s reserves decreased, but the administration is optimistic about the future.
Several Latin American countries will elect a new president this year and some candidates have radical positions against the oil sector, generating uncertainty among investors in the region. Standard & Poor’s conducted an analysis on the political situation of Latin American countries.
The majority of municipalities in Colombia still do not have their Territorial Planning Organization (POT) up-to-date, even though the National Planning Department (DNP) warned about this issue last year.
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