A bill filed by Cambio Radical political party aims to regulate the prior consultation process in Colombia.
Oil production has gone through some difficult years recently, and companies in the sector have worked to solve this situation as soon as possible. Ecopetrol (NYSE: EC) announced that two important fields reported good production metrics in 2Q18.
Natural gas distributors have been complaining about delays in the regulation of transport tariffs for years. These were established back in 2004, and expired in 2009.
The possible loss of energy self-sufficiency in Colombia has been one of the main discussion topics in recent years. Promigas wrote a report on natural gas reserves and important issues in the market.
Colombia needs to increase its reserves to solve concerns about self-sufficiency in the long term and the sector is working to achieve it. Parex Resources (TSX: PXT) announced a new discovery in the Capachos block.
There are divided opinions around the Pacific regasification plant, as the government and gas Associations seem to be on different pages when it comes to this issue.
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