Authorities have reported 11 attacks on the oil infrastructure this year. Most of them by the ELN.
Ivan Duque, President of Colombia, promised to make changes in the oil sector to boost its growth and the General System of Royalties (SGR) is one of the main discussion topics. Communities and authorities spoke on this issue in an Oil and Gas forum in the municipality of Aguazul (Casanare).
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%).