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Regulations & Policy

ANH releases unconventional regulation documents

The National Hydrocarbons Agency (ANH) has released three key documents that will establish the regulatory structure to be used for unconventional E&P, and will accept comments from third parties this week.

Tuesday, December 17th, 2013
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Production growth to slow in 2014

Production growth to slow in 2014

The Colombian Petroleum Association (ACP) says growth next year will only be 2.3% which means a projection of 1.03mmbd versus the expected result for this year of 1.006mmbd. The graph shows this means fairly flat growth.

Tuesday, December 17th, 2013
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MinMinas says Tauramena impact overstated

Looking to brush off concerns that the recent vote against oil production in the Tauramena Municipality, The Minister of Mines and Energy (MinMinas), Amylkar Acosta said that the government has been meeting with local authorities and there are already laws on the book that adequately address the protection of water resources.

Tuesday, December 17th, 2013
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Tauramena votes against oil production in public referendum

The Municipality of Tauramena, Casanare held its public referendum on Sunday, December 15th and those who came out voted a sounding no, although the total turnout amounted to just over 34% of the population, narrowly passing the 33% turnout needed for the vote to be valid.

Monday, December 16th, 2013
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After a prolonged silence, government puts Tauramena referendum on the agenda

The government engaged a multi-pronged push back against a public referendum that looks to reject oil production near municipal water sources in Tauramena, Casanare which included ministers and Ecopetrol’s (NYSE:EC) president Javier Gutiérrez.

Thursday, December 12th, 2013
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Accusations fly due to ANH data loss

A national newspaper has published alarming findings that accuse the National Hydrocarbons Agency (ANH) of allegedly of losing 60% of the technical and geographical data gleaned over the last 13 years due to problems in the migration of database that housed the information.

Thursday, December 12th, 2013
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MinAmbiente, ANLA declare environmental emergency due to oil leak

Nearly two months after it was first detected, the Ministry of Environment and Sustainable Development and the National Environmental Licensing Authority (ANLA) have declared an environmental emergency at the Cartagena location of Carman International due to oil leakage.

Wednesday, December 11th, 2013
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Federation of Municipalities calls for more funds to prepare royalty projects

Due to a more complicated process and requirements to get royalty projects approved by the National Planning Department (DNP), Colombia’s Federation of Municipalities wants an increase in the funds available to each entity to prepare royalty projects for submission.

Tuesday, December 10th, 2013
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Unions want increases in minimum salary for 2014

In the third national meeting of Colombia’s four main workers unions the organizations formed a proposal to increase the minimum salary by 8%, and an increase in transport subsidies of 12% starting in 2014.

Tuesday, December 10th, 2013
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Colombia still among LA’s best in Transparency International corruption index

Colombia still among LA’s best in Transparency International corruption index

Almost exactly a year ago we published the results of Transparency International’s annual Corruption Perception Index. The graph shows that Colombia’s position has not changed, maintaining its score, its global ranking and maintaining its position relative to other Latin American countries seeking to attract oil and gas investors. The same cannot be said for all of its peers, some of whom have gotten much better (Ecuador) and some of whom have slid down the scale (Guatemala).

Tuesday, December 10th, 2013
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