The 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the SinĂº- San Jacinto tenders was extended to 24 weeks.
Offshore projects are progressing as planned and the sector has made announcements about these. Ecopetrol (NYSE: EC) made a decision on the drilling of the Molusco-1 well.
In recent years, Ecopetrol (NYSE: EC) has followed an austerity strategy to deal with the oil price crisis. The company committed to reactivate investment this year with heavy spending, but the firm is reducing its budget compared to initial plans.
A reader asked me why we had said that the research on unconventional had already been done. I told him it was because there was a time in 2013 and 2014 when it appeared as if fracking was just around the corner.
The union issued two statements where it showed its support for employees of Fepco Zona Franca, HV Services and Sinproseg.
Biodiesel producers and representatives of the sector have spoken about recent actions of the government, which would allow the free importation of this fuel, affecting the local industry.