Parex (TSX: PXT) announced its 2017 year-end reserves report. The company reported positive results in key metrics such 1P reserves, Reserve Life Index (RLI) and Reserves Replacement Index (RRI).
Geopark (NYSE: GPRK) announced its independent oil and gas reserves assessment for 2017, certified by DeGolyer and MacNaughton Corp (D&M). The company reported consolidated and Colombia reserves growth.
Medellín’s Mayor, Federico Gutiérrez, and the Inspector General, Fernando Carrillo,complained about the NOC’s alleged lack of response to the repeated requests for improvingthe quality of its fuels. The development of these and more stories in our periodic Eco summary.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for February. As expected, these increased and the government found the perfect excuse to justify this behavior.
According to experts, complying with international environmental standards represents the greatest challenge for Colombia to continue with its energy sustainability, but achieving this goal is a challenge itself.
The Ministry of Mines and Energy (MinMinas) increased fuel prices for February. As expected, representatives of different sectors reacted against this action, but others defended it. The Commercial Vendors Association (Fenalco), the Colombian Association of Petroleum Engineers (ACIPET) and the Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke on this subject.
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