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Colombia's Oil Industry Could Stage A Comeback In 2021


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Colombia’s Oil Industry Could Stage A Comeback In 2021
By Matthew Smith - Dec 20, 2020, 4:00 PM CST
The last year has been rough for Colombia’s economically vital petroleum industry. Toward the end of 2019 and at the start of 2020 government and industry bodies were expecting a strong 2020 for the country’s hydrocarbon sector. The Andean country’s peak industry body the Colombian Petroleum Association (ACP – Spanish initials) initially anticipated a notable 23% year over year increase in investment to just shy of $5 billion. It was anticipated that would lead to an average daily production during 2020 of 890,000 barrels daily. Despite this optimism, exploration and production activity collapsed due to the twin-impact of the country’s COVID-19 lockdown and sharply weaker oil prices. By May 2020 Colombia’s oil production had fallen off a cliff plunging to a multi-year low of 742,000 barrels daily. Natural gas output also declined, ....

Matthew Smith , Baker Hughes , Us Geological Service , Colombia Ministry Of Mines , Moody Investor Services , Canacol Energy , Gran Tierra Energy , Colombian Petroleum Association , National Hydrocarbon Agency , Frontera Energy , Colombia Ministry , National Hydrocarbon , Parex Resources , Investor Services , மேத்யூ ஸ்மித் , ரொட்டி சுடுபவர் ஹக்ஸ் , எங்களுக்கு புவியியல் சேவை , கொலம்பியா அமைச்சகம் ஆஃப் சுரங்கங்கள் , மனநிலை முதலீட்டாளர் சேவைகள் , கிரான் டியெர ஆற்றல் , கொலம்பியன் பெட்ரோலியம் சங்கம் , ஃப்ரொஂடெர ஆற்றல் , கொலம்பியா அமைச்சகம் , தேசிய ஹைட்ரோகார்பன் , பரேக்ஸ் வளங்கள் , முதலீட்டாளர் சேவைகள் ,

Cameroon establishes Sonamines, a national mining company


Cameroon establishes Sonamines, a national mining company
(Business in Cameroon) - Yesterday December 14, 2020, President Paul Biya signed a decree creating the National Mining Company (Sonamines). According to the presidential decree, Sonamines is a public company with the state as its sole shareholder.  However, the decree states,  
the shareholding of Sonamines may be open to other public or private entities. The capital and the conditions for participation in the shareholding of the public company will be set in the statuses.
The decree explains that Sonamines mission is to develop and promote the mining sector and to manage the State s interests in this field. Hydrocarbons (which fall under the jurisdiction of the National Hydrocarbon Company-SNH) and quarries (which are to be managed by the communes per the General Code of Decentralized Territorial Collectivities-CTD) are excluded from the scope of the new institution.    ....

Paul Biya , National Mining Company Sonamines , Ministry Of Mines , National Hydrocarbon , President Paul Biya , National Mining Company , General Code , Decentralized Territorial , Artisan Mining Support , Promotion Framework , Cameroonian Public Treasury , பால் பியா , அமைச்சகம் ஆஃப் சுரங்கங்கள் , தேசிய ஹைட்ரோகார்பன் , ப்ரெஸிடெஂட் பால் பியா , தேசிய சுரங்க நிறுவனம் , ஜநரல் குறியீடு , கைவினைஞர் சுரங்க ஆதரவு , ப்ரமோஶந் கட்டமைப்பு ,