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Peace Process: More signs of advances

An agreement to search for those missing due to the conflict and a wide statement of support (with conditions) from the business community, plus more optimism from the general public in a recent poll made this last week a positive one for the government’s peace efforts. But doubts on transitional justice remain.

Thursday, October 22nd, 2015
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MinMinas says fuel prices to remain stable

MinMinas says fuel prices to remain stable

The Minister of Mines and Energy Tomás González met with regional leaders from the Nariño Department and the National Direction of Hydrocarbons and said that fuel prices in regions should remain stable through the end of November at least, and reassured there would be supply.

Thursday, October 22nd, 2015
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Oil price drop economic impact to grow in 2016

While 2015 has been marked by the fall in oil prices, a report from BanColombia predicts that the full brunt of the fall will be felt in 2016, as the government’s austerity programs start to hit the overall economy.

Thursday, October 22nd, 2015
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Drummond says CBM license close

Coal miner Drummond says that it could receive its environmental license “at any moment” to start production of Coal Bed Methane (CBM) in La Guajira, where a concession dispute with the coal miner of the same block, Cerrejón had kept the project from moving forward.

Thursday, October 22nd, 2015
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Geologists feeling brunt of oil crisis

Geologists have felt the strongest impact from the fall in oil prices as companies slash their investments in drilling and exploration, but there are still some niches that remain in high demand in Colombia.

Wednesday, October 21st, 2015
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El Niño increasing demand for natural gas

GasThe El Niño weather phenomenon has intensified from moderate to strong according to the state weather institute IDEAM, and rain shortages in September will mean a strong increase in demand for natural gas, squeezing electrical energy generators.

Wednesday, October 21st, 2015
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