President Juan Manuel Santos arrived in Cuba to reach a preliminary agreement with the Farc commander Timoleón Jiménez, alias ‘Timochenko’, in which both have promised to sign the final agreement and end the more than 50 year conflict in the next six months.
The president of the National Hydrocarbons Agency (ANH) Mauricio de la Mora now says that the entity is planning a ‘mini-round’ where it will offer three blocks in December of this year, an abrupt shift from recent comments he made on how the entity will promote investment.
The Ministry of Mines and Energy is preparing a decree which it says is necessary to stimulate the construction of gas pipelines through direct state intervention and tenders. But private industry says the problem is in the regulations.
With the fall in oil prices specialized workers like oil engineers and general employees originally attracted to better salaries in the oil industry have suffered, creating added tension towards foreign workers and there is no clear alternative in sight.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry says the NOC is learning to reverse a trend of “thinking fast and acting slow”, and that its main strategy to improve its results in the short term is in improving the recovery factor. Exploration is for production of the future.
The National Hydrocarbons Agency (ANH) president Mauricio de la Mora said that the agency is preparing another series of measures that will help improve the conditions for the industry to remain competitive, with a focus on how it will assign new blocks.
2025, Hydrocarbons Colombia, All Rights Reserved.
