Frankly, the last time oil prices tumbled, the ANH was less than helpful. There was a grand event where the ANH and the then-minister announced great things! Only to have the agency’s lawyers and the board rip these ‘great things’ to shreds and create regulations that were more onerous and more costly than the ones from which the industry was supposed to have relief. Here Marianna Boza and the team from Brigard Urrutia give us an overview of the latest ‘help’. It does appear to help companies optimize their exploration portfolios but we will leave it to the firms themselves to decide if this is enough to compensate for Brent in the low 30’s.
The National Hydrocarbons Agency (ANH) and the Ministry of Mines and Energy (MinEnergia) announced an aid package for the industry, amid the Covid-19 pandemic.
The government announced a plan to assure propane supply nationwide during the mandatory isolation period.
In his most recent Op-ed, the President of the Colombian Association of Petroleum Engineers (Acipet), Carlos Leal, spoke about the new oil crisis.
Companies that work in Casanare donated more than 18,000 units of different protection elements for the department’s medical personnel. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Colombia’s Statistics Department (DANE) spoke about inflation and the variables that influenced fuel prices during March 2020.
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