Controversy surrounds the confirmation of Rodrigo Suarez as President of the National Environmental Licensing Agency (ANLA). Fernando Iregui is still in the chair and some even say he will stay there.
Despite assurances from leaders of the UTEN oil workers union, which affiliated Pacific E&P workers in the Rubiales field, Ecopetrol (NYSE:EC) has confirmed it will not use the UTEN workers, it will hire a completely new workforce, in a victory for the more militant USO union.
With a 5% contribution to Colombia’s GDP, a 25% share of Foreign Direct Investment and 40% of Colombia’s exports, there is little room for discussion of what the industry has contributed in the past. But what does the future hold?
The National Planning Department (DNP) sounded the alarms on 144 royalty funded projects which are in a “critical” state and need immediate intervention to avoid further problems, worth a total of CoP$1.2T (US$400M).
Ecopetrol (NYSE:EC) is set to receive the Cusiana field from Equion on July 4th, and is in talks with the local community to identify social priorities which are aligned with the project.
Last week we did the top 10 oil producers so we thought we would start this week off with the top 10 gas producers and then look at the top 10 combined producers.
2026, Hydrocarbons Colombia, All Rights Reserved.
