The country joined the Organization for Economic Cooperation and Development (OECD) last year. Authorities are now working to get Colombia approved as a member of the International Energy Agency (IEA).
President Ivan Duque promised to boost the oil sector through modifications to the General Royalties System (SGR). The government announced positive news on the matter.
The National Hydrocarbons Agency (ANH) concluded the second phase of the Permanent Competitive Process (PPAA), confirming 14 new contracts, and one pending, after receiving a counteroffer.
Attorney Camila Jiménez, associate in environmental affairs at Baker McKenzie, spoke about what companies and authorities should consider, before starting developing fracking pilot projects.
Through a letter, the Environment and Society Association asked President Ivan Duque to implement the Escazú Agreement. Here are the details.
The Minister of Mines and Energy (MinEnergia), María Fernanda Suárez, spoke about fracking regulations, and gave dates for the start of fracking pilot projects.
The Ministry of Finance (MinHacienda) asked Ecopetrol (NYSE: EC) for more money.
In his most recent Op-ed, Carlos Leal, President of the Colombian Association of Petroleum Engineers (Acipet), spoke about Colombia’s poor exploration levels, and what to do to improve the situation.
The Colombian government will continue working to reactivate the industry next year. These are the areas where authorities will focus.
Industry experts debated the ‘shale revolution’ and its implications for the world’s economy, competitiveness and environment.
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