August 5, 2012 On August 2 2012, Petrominerales wrote that it was “pleased to announce our 2012 second quarter financial results”.
Bottom Line: An oil spill into a waterway from the only well belonging to a little-known operator. Security issues in the zone prevented officials from arriving in a timely manner so most of this article is an extended “not my fault”.
Outside the 2012 Round of new blocks, ANH will auction four unconventional blocks that were taken back from Montco Energy for problems with legal documentation.
Bottom Line: The National Planning Director (in charge of budgeting and planning for the Colombian government and in many ways more powerful than some ministers) corrects some misconceptions about the new royalty system. Only if the distribution of royalties is perceived to be fair and effective will the extractive industries be viewed as positive for the economy, for shareholders and for the country as a whole.
Colombian business newspaper Portafolio interviewed Eduardo Pizano, head of the natural gas distributors association Naturgas.
Source: Financial Times and Hydrocarbons Colombia Staff
By: Frank Pearl Minister of Environment and Sustainable Development ministro@minambiente.gov.co Bottom Line: The good thing about this article is that it mirrors what the Minister of Mines and Energy has been saying.
The Ministry of Mines and Energy announced that the first round of projects paid for by hydrocarbons and mining royalties have been approved.
Posted: Tuesday, July 31, 2012 03:45 PM The National Infrastructure Agency presented results compared to targets in the first half of 2012 for divided-highway construction and rehabilitation of existing highways, moving cargo in ports and railway concessions.
July 29, 2012 By Hydrocarbons Colombia Various Colombian news media are reporting that the Colombian Controller’s office — an independent organ of government similar to an Auditor General — is investigating Javier Genaro Gutierrez and other senior officials in connection with a pipeline failure in December 2011.
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