Julian Garcia Salcedo has been designated as the new president of TGI, the natural gas distributor owned by The Bogotá Energy Company (EEB) with one of the largest urban gas networks in the country.
Geopark (NYSE:GPK) updated its 2015 reserves count in Colombia, Chile, Brazil and Peru, reporting a net proven developed producing (PDP) reserve replacement ration of 150% for 2015. Its total net P1 reserve count increased 13% to reach 71.1mmboe.
A recent Gallup poll found that Colombians have a more pessimistic view of President Juan Manuel Santos and the peace process, a serious obstacle if the government hopes to approve an eventual agreement in a public referendum.
Fuel prices fell again in March, but the authorities still cannot shake the questions from consumers and press as to why they have not fallen further if oil prices are down substantially.
The Vice Minister of Mines María Isabel Ulloa attended the seveth annual meeting of the Transparency of Extractive Industries Initiative (EITI), and presented Colombia’s first report on the matter of transparency. She will also sit on the EITI board of the directors.
Another depressing figure has been released by the National Hydrocarbons Agency: in 2015 operators only made 17 registered discoveries, a 39% fall compared to the 28 announcements in 2014.
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