Hydrocarbons Colombia - Promigas 2017 results

23 March 2018

Promigas announced its 2017 operational and financial results. The firm highlighted that operational income and EBITDA increased compared to 2016 figures.
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Campetrol on oil industry performance
The Colombian chamber of Petroleum Goods (Campetrol) presented a report on the performance of the oil and mining industry in 2017. The results are not very encouraging.
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Changes to the SGR?
The General Comptroller questioned the current royalty system for its poor execution of projects, the dispersion of resources and corruption risks.
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The Police capture bands dedicated to stealing oil infrastructure
The Police reported the capture of two gangs dedicated to this crime. The criminals operated in the departments of Santander, Antioquia and Meta. The development of these and other stories in our periodic Security summary.
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ACIPET offers to debate unconventional technologies
The Colombian Petroleum Engineers Association (ACIPET) has been a vocal advocate for rational debate on many of the industry’s social and environmental issues. Late last week they issued this press release on the fracking debate and kindly gave us permission to produce an English translation.
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Looking deeper at UPME’s gas demand forecasts
Just over a month ago we looked at the UPME’s latest demand forecasts, focusing on the potential supply shortfall. This time, we look a little deeper at demand especially where it comes from, both in terms of sector and region.
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Other News
Gulfsands published operational update on Colombia properties. Looking for farm-in partner for PUT-14. ow.ly/CbQ830j5cuh

Velandia interview in Upstream online suggests contractual and even fiscal changes upcoming to make Colombia more competitive. ow.ly/emXM30j5c02

According to DANE, fuel imports and products from the extractive industries increased 14.4% in January, 2018. ow.ly/ye5630j5cbJ

Colombia's Gas Regulatory entity (CREG) made natural gas rates available online.ow.ly/GaV330j5bXl

Pipeline in La Salina (Casanare) should be redesigned because indigenous people stoped it from passing through their territories. ow.ly/cWfX30j3mEs

Cormacarena will host a Public Hearing to discuss its Institutional and Accountability Plan on April 20thow.ly/kC7q30j3ndp

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