The Colombian government has worked to boost the development of new oil projects in the country and the industry is responding positively. The sector has committed large investments for the coming years.
The oil sector has shown a slight recovery in the country, driven mainly by the growth in oil prices. However, shares of some companies such as Ecopetrol (NYSE: EC) have not had as positive a response.
The National Environmental Licensing Agency (ANLA) spoke about a new initiative to guide companies on how to file for minor changes in environmental licenses.
The union spoke about the alleged complicity between Ocensa and the police to intimidate workers in Tauramena (Casanare).
A couple of years ago we wrote an article called Your CFO is smiling which talked about rising oil prices. Maybe it has been harder to find a smile lately and budgeting and planning season is coming up…
The Ministry of Mines and Energy (MinEnergia) reported natural gas production figures for July 2019. Maria Fernanda Suarez, MinEnergia, talked about the behavior of this important metric and self-sufficiency.
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