The National Hydrocarbons Agency (ANH) announced the official launch of its Permanent Competitive Process. Here is what the industry has to say about it.
The Colombian government, through the National Hydrocarbons Agency (ANH), wants to promote new oil projects around Colombia. The ANH is analyzing new exploration areas and this created a controversy due to the possible interest in developing oil activities in the Galilea Forest. The ANH ruled on this issue.
Ecopetrol (NYSE:EC) announced a contingency plan due to low fuel inventories in the Barrancabermeja refinery.
Ecopetrol (NYSE: EC) reported its reserves as of December 31, 2018. The NOC reported positive results despite social problems and attacks on its infrastructure. Higher oil prices played a key role to increase this metric during the past year. De Golyer & MacNaughton, Gaffney, Cline & Associates and Sproule International Limited audited the majority of reserves (99%).
The spokesman for the Commission of Experts created by the Ministry of Mines and Energy (MinMinas) explained why the government should wait to implement this controversial technique.
The government of Ivan Duque wants to encourage oil sector growth, through the signing of new oil contracts. Colombian authorities and the industry have already signed new agreements, representing large investments. However, some factors could affect their development.
2025, Hydrocarbons Colombia, All Rights Reserved.
