Equion President María Victoria Riaño believes that the firm has a better outlook as oil prices improve, but is concerned that the recent Constitutional Court decision on popular referendums and the subsoil could cause legal holes and put oil activity at risk.
The government’s royalty budget for 2017-18 has caused concern from associations and control entities like the General Controller, as it relies on an income which observers warn is much more optimistic than what reality will deliver.
The Colombian association for the propane industry, Gasnova, has been working on formalizing the market, but warns that there are groups using regulations and gray areas to take advantage of the market, and that there is a growing mafia of informal distributors in major urban centers.
The Energy and Gas Regulation Commission (CREG) has named Germán Castro Ferreira as its new director, replacing Jorge Pinto who has held the role for the last two years.
I have already written about the recent Semana / ANH conference on offshore exploration and development, expressing my concerns about what I heard on gas strategy.
Gas pipelines are an emerging policy issue. Furthermore, there are a number of investment funds looking for infrastructure opportunities including pipelines. That got us thinking about where they should be built.
The USO will be one of several unions and political parties that are planning a nationwide action on October 27th to protest the government’s pending tax reform and its alleged consequences.
The administration of the Minister of Mines and Energy Germán Arce has opted for a different approach to figuring monthly fuel prices to keep the changes to the minimum, and is now studying how to change the pricing formula to remain as stable as possible.
Time is ticking on the peace agreements. President Juan Manuel Santos has extended the bilateral cease fire to December 31st and is accepting commentary and suggestions, but the path to a political consensus to accept the agreements is not yet clear.
GasWhile the use of natural gas grows as a primary source of energy for domestic and industrial use, the unit price of gas has also been increasing, even growing 20% in 2015 compared to the previous year.
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