Iván Duque, President of Colombia, promised to make important changes to help the oil sector. The General System of Royalties (SGR) is one of the most controversial issues with communities and authorities announced important moves to reform it.
The State Council is analyzing whether the regulations to develop fracking in Colombia are viable or not, which could start solving the future of unconventionals in the country.
Luis Emilio Sierra, President of the National Federation of Fuel and Energy Distributors (Fendipetróleo), spoke about fuel smuggling in the country. The development of these and other stories in our periodic Security summary.
We might not always agree with the government’s Mining and Energy Planning Unit (UPME) but it is the authoritative source of long-term production forecasts. Recently it updated its production scenarios through 2038.
Gran Tierra Energy (TSX: GTE) announced an operational update for the second quarter of this year, to date. The company highlighted advances in the Acordionero field and positive results in Colombia’s most recent oil round.
The National Environmental Licensing Agency (ANLA) made 49 requests to Frontera Energy’s (TSE: FEC) project in Puerto Gaitán (Meta). Here are the details.
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