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GasThe Colombian Petroleum Association (ACP) said that the country needs big changes to guarantee gas self-sufficiency in Colombia.

Ecopetrol (NYSE: EC) aims to expand its international presence. The firm is looking at several different countries to increase its operations.

The long-anticipated event took place on June 7^th in Bogotá. The initiative was announced in September of 2015 and was supposed to have been signed in March 2016 but has suffered multiple delays and setbacks.

The company formerly known as Pacific Exploration & Production Corporation is in a transformation process to become a a new and more competitive company. The firm announced a name change and new strategy.

Barry Larson is well known to the Colombian industry from his time at Parex (TSX:PXT) and now has one of the highest-profile jobs in the industry: trying to convince investors that Frontera Energy Corporation (TSX:FEC) (formerly Pacific Exploration and Production (TSX:PEN)) is not the same as Pacific Rubiales from whose ashes the new company arose.

Now Part 2 of our ongoing series written by Leopoldo Olavarría and the team at Norton Rose Fulbright on Agreement 2, the National Hydrocarbons Agency’s (ANH) rewrite of the rules for block assignment and contracting.