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Regulations & Policy

ANH says it’s ramping up production monitoring measures

After questions from the Meta Department that the reported production of some foreign oil operators is lower than reality, the National Hydrocarbons Agency (ANH) says it is increasing its monitoring efforts to guarantee and accurate production number, which is used to formulate royalty payments.

Wednesday, November 6th, 2013
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At last, PRE receives ANLA approval for CPE-6 and Guama E&P blocks

Pacific Rubiales Energy (TSX:PRE) says that it has received the environmental license from the National Environmental Licensing Authority (ANLA) for exploration and production activities in the CPE-6 and Guama E&P blocks, following several extended delays.

Wednesday, November 6th, 2013
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Governor says Meta not benefiting from oil

The Governor of the Meta Department Alan Jara told local press that the department, along with other oil producing regions, have lost autonomy under the new royalty system and are not benefiting from the industry’s activities.

Tuesday, November 5th, 2013
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National Registry confirms schedule, wording of question in oil vote

The National Registry has set a December 15th date for a public referendum in the Tauramena municipality to accept or reject oil production in parts of the community. The authority also confirmed the exact wording of the questions, which links the issue to local water issues.

Monday, November 4th, 2013
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MinAmbiente releases Magdalena River report

The Ministry of Environment and Sustainable Development (MinAmbiente) released a report on the policy strategy and development of economic and environmental issues along the Magdalena River.

Thursday, October 31st, 2013
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Finance Minister talks royalties, but dodges the big picture

Following a debate in Colombia’s Senate on royalties, the country’s Finance Minister Mauricio Cárdenas told press that the government would increase the resources available by CoP$1.5T (US$795M), but did not address structural and implementation concerns.

Wednesday, October 30th, 2013
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PRE sent letter to Ecopetrol to push STAR, contract renewal in Rubiales field

PRE sent letter to Ecopetrol to push STAR, contract renewal in Rubiales field

It has been revealed the Colombia’s largest private oil operator Pacific Rubiales (TSX:PRE) sent a letter to Ecopetrol (NYSE:EC) in March to formally ask the NOC to apply its STAR secondary recovery technology immediately and not wait until the 2016 contract ends.

Wednesday, October 30th, 2013
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Petroleum toxic waste processing plant inspected as authority mulls lifting restriction

The director of the Casanare environmental management agency Corporinoquia inspected the steps taken at a petroleum toxic waste plant to fix handling issues in the municipality of Pore and though it found advances, it will decide based on lab examinations whether or not to lift the preventative measure placed on the facility.

Wednesday, October 30th, 2013
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Oil companies must demonstrate good practices on environment, says editorial

The recent green light to hold a popular vote in the municipality of Tauramena, Casanare, is making waves in the community and the local paper published an opinion piece calling for oil companies and contractors to demonstrate good practices in environmental matters, or face the consequences of community or legal action.

Tuesday, October 29th, 2013
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Government gives Drummond, Cerrejón a month to work out a deal

The Minister of Mines and Energy (MinMinas) Amylkar Acosta said that coal miners Drummond and Cerrejón must reach an agreement on the elongated dispute over overlapping Coal Bed Methane gas (CBM) and coal production rights in the Ranchería River Valley, and that they have a month to do so.

Monday, October 28th, 2013
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