The General Controller Edgardo Maya Villazón urged a reworking of the government’s strategy to ensure gas supply in times of crisis, and said the current strategy is not effective.
The last two weeks have seen a number of high profile oil spills due to attacks on pipelines, overturned tankers, flooding and damaged road infrastructure. These and other environmental stories in our periodic summary.
The government has a number of vacancies in key positions affecting hydrocarbons and electrical energy which have extended for some time now. These are causing concern among industry members due to the impact they could have on decisions affecting public policy.
A municipal hearing was held in San Juan de Arma as anti-oil advocates call for the National Agency of Environmental Licenses (ANLA) to revoke the licenses it has granted to Hocol in the nearby area.
Shortly after the draft was published, Norton Rose Fulbright approached us and offered to publish an overview of the 114-page document. However, the document is so long and so complex that even an overview will have to be published in installments. Here is the first piece that deals with the overarching themes, such as the fact that it would completely rewrite the most important components of the existing regulation.
The Colombian Petroleum Association (ACP) has made a list of what the sector needs to keep production constant and Colombia’s Senate held hearings to hear testimony from industry leaders and authorities, as the central government prepares for a much anticipated tax reform.
We have given plenty of attention to the scope (and gaps) of the government’s “Territorial Strategy” being executed by the National Hydrocarbons Agency to mitigate community conflict.
The Casanare Governor Alirio Barrera laid down a criticism of oil companies, which he said have taken advantage of the department, but have little interest in helping in times of crisis. The Colombian Petroleum Association (ACP) responded that operators needed a concrete plan.
The acting president of the National Hydrocarbons Agency Orlando Velandia told press that crude production for August was 827,000bd, a 1.89% drop compared to July and down 14.5% compared to the same period last year.
Ecopetrol (NYSE:EC) has been weathering a rocky sea since the fall of oil prices, but four specific problems will have to be sorted out over the coming weeks for the NOC to press on with its operation.
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