At the opening of the ACP’s Grand Forum “Sustainability Actions”, Barranquilla’s mayor Jaime Pumarejo talked about “what the Americans call the elephant in the room”. Indeed, that elephant – the idea of banning oil and gas extraction – was the subtext of the entire congress.
The Colombian Oil and Gas Association (ACP) spoke about the economic effects of stopping oil exploration in the country.
The National Planning Department (DNP) announced the performance of the Royalty Project Management Index (LGPR) during 4Q21.
Fitch ratings talked about the increase in gas prices in the international market and its possible repercussion in Colombia.
The hydrocarbon sector represents 2.5% of the world’s GDP and 31% of the planet’s primary energy supply, and the world’s reserves are dominated by a few players. Local experts commented on the implications for Colombia.
The ANH published a proposal to modify the selection criteria for hydrocarbons exploration, evaluation, and production contracts in Colombia.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during February 2022.
ACP’s Francisco José Lloreda spoke about the consequences of stopping oil exploration and companies’ plans for this year.
Russian President Vladimir Putin warned of the consequences of leaving aside Russian hydrocarbons.
Authorities reported the balance available to be allocated in the General Royalties System (SGR).
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