Mauricio Palma, the Deputy Director of Hydrocarbons at the Unit of Mining and Energy Planning (UPME), announced a that the Colombian government is determined to proceed with a new call for proposals to build the Pacific regasification plant.
The National Environmental Licensing Agency (ANLA) announced a significant measure to recognize the Cesar Governor’s Office as a third-party intervenor in multiple national interest projects.
Colombia’s leading companies are bracing for a sharp increase in energy costs as the nation’s dwindling natural gas production forces a reliance on expensive imports to prevent shortages.
The importation of natural gas from Venezuela to Colombia remains a hotly debated issue among stakeholders in the hydrocarbons sector.
In a significant move to ensure the effective use of royalties in Colombia, the President of the Colombian Association of Petroleum and Gas (ACP), Frank Pearl, announced the creation of a monitoring mechanism for managing these resources.
In the US, four law firms have launched investigations into Ecopetrol (NYSE: EC) to determine whether the company or any of its executives violated US securities laws or engaged in improper business practices.