At the VII Oil and Gas Summit, the consulting firm Jaime Arteaga y Asociados presented the sixth edition of the Petroleum Barometer, a comprehensive study that tracks public perceptions, concerns, and expectations regarding Colombia’s oil and gas sector.
The ELN process is suspended! No wait. We reported that last month. But this month, Petro confirmed it. He’s given up on them. Still old news. The process with the Segunda Marquetalia almost fell off the rails but the two sides will meet now in Cuba. Didn’t we say that before? Maybe. Or something similar. The Clan? No change? Mordisco? Still blowing things up? Calarca? Not clear. Yesterday’s news.
Frank Pearl, president of the Colombian Oil and Gas Association (ACP), stands on the front lines of the industry’s relationship with the fervently anti-oil government of President Gustavo Petro. Pearl had just passed his one-year anniversary and Petro his second, so recently, I dropped by the ACP’s offices for a visit. I asked Frank where he saw the industry and where the association was going.
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.
Ecopetrol (NYSE: EC) announced significant operational disruptions caused by a series of recent events, including the ongoing truckers’ strike, attacks on critical oil pipelines, and the takeover of a key gas plant.
We came across the National Planning Department’s detailed royalty budget for 2023 – 2024 (a two-year budget) and a bit of analysis got us thinking about what drives the allocation. The simple pie-chart illustrates some of the key points but we did some more sophisticated work to show the main levers.
Natural gas has played a vital role in the social and economic transformation of Colombia, providing an essential public service that enhances the quality of life for over 36 million citizens, or 12 million households.
A vacation trip to Valledupar in the Colombian department of Cesar showed me some successful and some failed royalty projects which I think have lessons for oil and gas companies.
A significant portion of industrial waste from oil companies is now being utilized for the construction of road infrastructure, specifically bridges that connect pathways and roads in remote areas far from consumption centers.
Juan Camilo Nariño, the Colombian Mining Association’s (ACM) president, disclosed the value of goods and services contracted by miners in the country.
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