Monday, September 16th, 2024
The Fourth Labor Court of Santa Marta issued a ruling mandating Ecopetrol, the Ministry of Mines and Energy (MinEnergia), Petrobras (NYSE: PBR), and the National Environmental Licensing Authority (ANLA) to halt all gas exploration and extraction activities at the Uchuva 2 well in the Tayrona block.
A few weeks ago, we attended a meeting of the Colombo-Canadian Chamber of Commerce’s Mining and Energy Committee, which was held in the offices of Dentons Cardenas & Cardenas. The topic concerned changes to Colombia’s environmental sanctioning law and while the industry hopes never to have to confront a sanctionable situation, it is important to understand the penalties and how they might be assessed. We asked Maria Margarita Lorduy, Head of the Environmental Law Department at Dentons Cardenas & Cardenas to provide our readers with a brief overview.
Colombia faces a potential surge in gas prices as domestic reserves dwindle, and the government remains opposed to new hydrocarbon exploration projects.
Frontera Energy (TSX: FEC) announced a substantial issuer bid.
Colombia’s Minister of Mines and Energy (MinEnergia), Andrés Camacho, talked about the future of Ecopetrol’s fracking projects.
On August 29, 2024, Colombia’s National Hydrocarbons Agency (ANH) revoked Resolution No. 0406, which had initiated a public tender for the San Ángel 3 gas exploration project.
Juan Carlos Echeverry, former CEO of Ecopetrol (NYSE: EC), wrote an article about the energy heart of Colombia.
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