We have frequently noted the disconnect between the official statistics on gas demand (as shown in the chart) and the qualitative evidence of increased domestic gas coverage and vehicle conversions.
The Minister of Mines and Energy Tomás González took to his quill and scroll to pen an opinion column where he defends the strategic importance of the oil industry for Colombia’s pubic finances, its fight against poverty and transition to peace. But to do so production must stay high.
Bad week for Mexican President Enrique Peña Nieto: a top crime boss escapes from prison in spectacular fashion and the much vaunted Round 1 (shallow water) auction was a spectacular failure. We publish the results and make commentaries on what this means for Mexico, Colombia and the region.
As Ecopetrol (NYSE: EC) finished cleaning up the aftermath of a Farc attack, Cormacarena and others denounce the Farc’s irreparable damage to the environment. These and other environmental stories in our periodic summary.
The oil industry is one of Colombia’s economic pillars, but onshore exploration activity needs a substantial boost otherwise the impact will be felt in regions and the local economy, warns Colombia’s Chamber of Oil Goods and Services (Campetrol).
With three months under his belt as Ecopetrol (NYSE:EC) president Juan Carlos Echverry has started leaving his mark on the structure of the NOC as it looks to fulfill its new strategy through 2020, but structural challenges remain strong.
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