Foreign Direct Investment (FDI) in oil sector reported an increase in 4Q16. However, these figures remain very small compared to previous years. The sector’s contribution went up in the quarter but still down on an annual basis and it is too soon to tell if this is a reversal of trend or a blip.
Prospects for this year are positive in the gas sector. Colombia will reactivate exploration especially in offshore fields. The industry will make large investments in E&P and infrastructure.
The Corporate Reputation Business Monitor (Merco) and the Department for Social Prosperity (DPS) ranked the companies most-committed to social investment in Colombia. Pacific (TSX:PEN) was the industry’s leader on the list, at number 15.
This week marks 100 days of the signing of the peace agreements between the government and Farc. During this time, its implementation has had more delays than progress. This is a brief recap of what has happened.
Comptroller General, Edgardo Maya gave new details on the opening of a chicken broiler and a spa with royalties destined for the Cauca Science, Technology and Innovation Fund, and projects financed with the General System of Royalties’ (SGR) budget were approved in Meta, Putumayo and Guajira. These and other stories in our Royalties periodic summary.
Canacol Energy Ltd. (TSX: CNE) announced its financial results for last year. The company achieved its production goal, made several new gas discoveries and reported an increase of gas sales. Company´s prospects for 2017 are optimistic.
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