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Projects to increase oil reserves

Tuesday, June 19th, 2018

Colombian authorities want to boost the oil exploration and production in the country to guarantee energy self-sufficiency over the long term. The National Hydrocarbons Agency (ANH) announced projects to achieve this goal and the Tax Refund Certificate (CERT) plays a key role.

Recent News

Oil production in May

Oil production in May

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for May 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier.

Monday, June 18th, 2018
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Colombia’s economic future

The World Trade Organization (WTO) asked Colombia to continue with the process of diversifying its economy, in a scenario of industry and political instability.

Monday, June 18th, 2018
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Controller on environmental licenses

Legal insecurity has increased in recent years in Colombia due to lack of clarity in the rules of the game. The Departmental Comptroller’s Office of Cundinamarca ruled on environmental licenses in mining matters.

Monday, June 18th, 2018
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“We want to highlight the company’s will to negotiate”: USO

The union spoke about the successful negotiations with National Oilwell Varco Colombia.

 

Monday, June 18th, 2018
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How oil country voted (Round 2)

How oil country voted (Round 2)

The second round of Colombia’s Presidential Election is over and, as we reported in our newsletter today, Iván Duque will be the country’s next President. See our analysis article for what that will mean for the oil and gas industry. As before, we wanted to see how the top oil-producing departments behaved.

Monday, June 18th, 2018
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Duque won. What’s next?

As the polls predicted, the Centro Democrático’s candidate, Iván Duque, won the Colombian Presidential elections and will be sworn into office on August 7th. Investors breathed a collective sigh of relief. Had his opponent, Gustavo Petro, won, uncertainty would have increased considerably.

Monday, June 18th, 2018
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