The National Development Plan (PND) states that the government can sell its shares in public companies, as a way to cover the fiscal gap. As controversial as it is, selling part of the NOC’s shares is on top of the authorities’ list.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2019. Natural gas production, sales and funds flow from operations increased.
The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil and gas reserves in 2018, with negative results for natural gas. Orlando Cabrales, President of the Colombian Association of Natural Gas (Naturgas), talked about the gas situation in the country.
The Minister of Mines and Energy (MinMinas), María Fernanda Suárez, confirmed that the government will follow the recommendations made by the Commission of Experts regarding fracking.
The National Environmental Licensing Agency (ANLA) spoke about its most recent follow-up process to industry projects in the departments of Casanare, Cundinamarca and Tolima.
The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil and gas reserves in 2018, with positive results in term of oil, but there are concerns about the behavior of natural gas reserves.
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