The oil industry has repeatedly said that the development of Unconventional Deposits (UC) is the way to guarantee self-sufficiency in the long term. The Ministry of Environment (MinAmbiente) and the Ministry of Mines and Energy (MinMinas) have different views on this issue.
The Colombian Association of Petroleum Engineers (Acipet) held a press conference in Bogotá and Julio Cesar Vera, President of Acipet, highlighted the association’s actions to boost the industry.
Canacol Energy Ltd. (TSX: CNE) announced that a test to develop its Picoplata 1 well through hydraulic stimulation was successfully completed.
This week we got the July crude oil production results (earlier than last month at least) and while the official press release focused on year-over-year growth, I think we are flat, becalmed in the ‘mid-850s’ doldrums.
The union spoke about Felipe Bayón designation as Ecopetrol’s (NYSE:EC) new president, and reiterated that their agenda will remain intact despite changes in the NOC’s administration.
The Colombian Association of Energy Distributors (Asocodis) and the Colombian Chamber of Energy (CCE),spoke about the negative effects that cutbacks in MinMinas can have on low income families.
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