We are now firmly in the third quarter and so it is time to look back at how the shares of Colombia-focused producers performed in the second quarter. The short answer is that they continued to track global indexes, indicating that big-picture forces are more important (at the aggregate level) than Colombia-specific forces.
The Ministry of Mines and Energy (MinEnergia) reported oil and gas production figures for June 2019. Crude and natural gas production increased during the first semester of this year compared to 2018.
Geologists from Virginia Tech University (VT) spoke about the relationship between the injection of produced water in some territories, and earthquakes.
The government announced the Medium Term Fiscal Framework (MFMP) projections for the oil sector. The Chamber of Petroleum Goods and Services (Campetrol) spoke about these projections and the expectations that they generate.
The director of the National Environmental Licensing Agency (ANLA), Rodrigo Suárez, spoke about the entity’s new tool to monitor projects in the territories.
The Colombian oil sector has shown signs of recovery during this year, and the increase in production is a clear proof of that. The National Hydrocarbons Agency (ANH) spoke about the role of Ecopetrol (NYSE: EC) and other companies in the operation of the country’s current production.
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