Oil prices have decreased considerably in recent months, generating concerns in the sector. The Organization of Petroleum Producing Countries (OPEC) agreed to reduce its production to counteract this situation, which could benefit the country.
Slowly but surely, the industry has been recovering from a drastic fall in oil prices. What are top global firms planning for next year?
The National Agency of Environmental Licenses (ANLA) spoke about the forum that took place in Mocoa (Putumayo), where authorities were able to discuss monitoring-network strategies in the area.
Marcela Amaya, Governor of Meta, showed her concern about the royalties’ distribution for the coming years. She contradicted some of the María Fernanda Suarez, Minister of Mines and Energy (MinMinas), comments about the budget for the region.
Arrow exploration Corporation is seeking financial flexibility and the firm announced an agreement on the Working Interest (WI) of the VMM-2 block to achieve it. In addition, the firm announces a commercial discovery.
According to the National Hydrocarbons Agency (ANH), Colombia is finally ready to start pilot projects for the development of unconventional resources.
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