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Regulations & Policy

Campetrol: Pacific Rubiales as a case for success

Colombia’s Chamber for Petroleum Goods and Services, Campetrol, published a statement written by Pacific Rubiales which outlines the company’s case that it has been a model in terms of development and ideas for how the industry must move forward.

Tuesday, July 16th, 2013
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Naturgas opposes public auction for wholesale gas, says will increase prices

The Natural Gas Association (Naturgas) says that proposed changes that would institute a system of public auctions to set wholesale prices as proposed by Colombia’s Energy Regulatory Commission and Gas – CREG would lead to price increases and opposes the system.

Thursday, July 11th, 2013
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Parex publishes good news for shareholders and the country

Parex publishes good news for shareholders and the country

Parex made a somewhat unusual midyear announcement of its reserves and a more usual announcement of its 2Q13 production. Both stories are very good but the reserves story is spectacular. By the close on Thursday, July 11 2013, the stock was up 17% from its Tuesday close.

Thursday, July 11th, 2013
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Changes to environmental licensing to simplify process in some cases

A decree expected in late July will reportedly shorten the environmental licensing process for small changes to conventional projects that already have gained approval.

Monday, July 8th, 2013
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Delays in licensing cut drill rentals by 8% through May

Delays in licensing cut drill rentals by 8% through May

Delays in environmental licensing are seen as the main cause in an 8% drop in rentals of perforating drills in January-May 2013.

Wednesday, July 3rd, 2013
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Summary of royalty-related news for June 2013

The General Royalty System (SGR) and the National Planning Department (DNP) have issued a string of nearly daily announcements in June detailing advancements and approval of projects that will receive funding using the royalty system.

Tuesday, July 2nd, 2013
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Santos visits Meta, calls for a productive balance

Colombian President Juan Manuel Santos visited the city of Villavicencio in the Meta Department and called for a balance between oil production and the environmental and social needs of the community.

Tuesday, July 2nd, 2013
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Royalty assistance for mayors an item on the political agenda

Colombia’s Unidad Nacional political party has put assistance to community mayors in obtaining funds from the General Royalty System (SGR) on the agenda, with a senior member suggesting changes might be needed at a congressional level.

Tuesday, July 2nd, 2013
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Ecopetrol’s Bioenergy land holdings exceed established limits

Ecopetrol, through its subsidiary Bioenergy, has land holdings that exceed the legal limits established by Colombian law.

Monday, July 1st, 2013
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Authorities, private firms meet to discuss offshore exploration regulations

Officials charged with managing Colombia’s sea commerce and resources met with oil companies performing offshore exploration to discuss regulations surrounding the activities.

Thursday, June 27th, 2013
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