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.
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.
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.
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.
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.
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.
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.
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.
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.
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).