The Colombian oil sector continues to look for alternatives to guarantee energy self-sufficiency in the long term. Hydraulic fracturing (fracking) is positioned as the main option, but it is not free from controversy. Ecpetrol’s (NYSE:EC) CEO, Felipe Bayón, spoke on this topic.
The National Environmental Licensing Authority (ANLA) revoked the NOC’s Environmental License for the Llanos 38Block. Social leaders and Saravena’s Court spoke on the subject.
The National Hydrocarbons Agency (ANH) is preparing a new oil round in April of this year. The Agency revealed the companies that have shown interest in this new tender.
The union referred to Ecopetrol’s (NYSE:EC) management decision to suspend contracts in the department.
A few weeks ago, the ACP published a study on operating costs, which we thought would be of considerable interest to our readers. The Association has graciously given us permission to translate it to English and publish.
Last week there was a minor flurry about an American thinktank putting Colombia on a list of ‘risky’ spots for petroleum investments. Timely, considering our article tying to quantify ‘risk’ which was really quantifying ‘impact’. I think it was overdone, but it still got me thinking about what risks are the most relevant.
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