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Will gas become a better business than oil again?

Will gas become a better business than oil again?

On paper, Colombia has about 11 years of gas reserves. But the production forecast shows shortfalls occurring very shortly. Getting investors to search for domestic gas should be a regulatory priority but a better gas netback would also help their decisions.

Monday, November 26th, 2018
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Whose Nature Is It Anyway?

This week we have a thoughtful (and beautifully written) reflection by Luis Pacheco on the great controversy of our industry: the struggle to find a balance between development and conservation. MinAmbiente Ricardo Lozano’s set phrase – produce while conserving and conserve while producing – sounds great but reality is far more complex as Luis shows us here.

Monday, November 26th, 2018
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Flattening prices but rising costs

Flattening prices but rising costs

The results for Colombia-focused companies are published, so we updated our statistics on oil prices and netbacks. It was not a great quarter but not a bad one either. As always, individual results may vary; we are looking at Colombian averages.

Monday, November 19th, 2018
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Are we on the same page?

The recent First Oil and Gas Summit was an opportunity to answer two important questions: how is the industry doing and are the government and the industry on the same page?

Monday, November 19th, 2018
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Brent equilibrium price

Brent equilibrium price

Last week’s article updating our oil price and future’s charts gave the Analyst an inspiration. Unfortunately, the ‘muse’ appeared just when he was already up against the deadline so it had to wait for this week.

Monday, November 12th, 2018
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Who is on the MinMinas ‘Committee of Experts’?

The Minister of Mines and Energy (MinMinas) announced that 10 experts will define the future of fracking in Colombia. We looked at who was appointed, what might be known about their pre-conceptions and what the implications might be.

Monday, November 12th, 2018
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Halloween closes a scary October

Halloween closes a scary October

We usually update our oil price graphs at the beginning of October but we had other things we thought were more timely. However, by publishing at the end of the month, we captured the slide that has taken place. Trick or treat? Boo!

Sunday, November 4th, 2018
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“D” for diversification

The government policy topic of the quarter for oil producing countries is economic diversification. The IEA says they cannot count on oil revenues and so need to find new sources relatively quickly. Colombia is not an ‘oil country’ but the same debate runs here.

Sunday, November 4th, 2018
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Security incidents up in 2018

Security incidents up in 2018

Monday, October 29th, 2018
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Subsoil ownership: An important and positive decision has been issued but there is still much to resolve

A decision by the Constitutional Court on Mansarovar Energy’s action for the protection of its constitutional rights (“tutela”) had been widely anticipated. The hope was that it would clarify the issue of whether municipalities can block extractive industry activities. We now have the decision, but questions still remain on the practical implications of the ruling. The situation has been muddied by a State Council decision reaffirming the obligation of local governments to ask their citizens what they think about major issues. We asked Inés-Elvira Vesga and Leopoldo Olavarría of Norton Rose Fulbright for their interpretation of these apparently contradictory decisions. Below are their views:

Monday, October 29th, 2018
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