The Colombian oil sector was able to overcome the oil crisis, but there is still uncertainty about low oil reserves. Germán Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) spoke about this topic.
The sector is concerned about its future and several representatives have shown their interest in implementing new techniques such as fracking in Colombia. This has generated a huge debate in the country, but the government does not take a clear position on the issue
The Council of State ruled a dispute that, according to the plaintiffs, had prevented Colombia from receiving at least CoP$12T in taxes.
Ecopetrol (NYSE: EC) is looking to expand its international presence in the region, and the company announced a new alliance for exploration and production in the Americas.
Hard to believe but this is our fifth anniversary. Our website came up in late October of 2012 and our first daily newsletter dates from that time as well.
As noted in today’s companion article, the first major even that we covered was the 2012 Round of block auctions in the month of October.
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