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Regulations & Policy

Despite conflicts on the ground, July production hits new record

Despite conflicts on the ground, July production hits new record

Average daily production of oil in July 2013 in Colombia reached a new record of 1,020,000 barrels per day, a 14.8% increase over the same period last year, and comes despite a number of strikes, blockades and protests in oil production regions.

Wednesday, August 7th, 2013
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DNP director defends royalty reform

A subject of contentious debate, the new royalty system has its share of critics and the director of the National Planning Department (DNP) looked to quell detractors while speaking on the advances of the government during the current administration’s 3 years in office.

Wednesday, August 7th, 2013
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MinAmbiente responds to Santos’ doubts on licensing

Colombia’s Ministry of Environment and Sustainable Development (MinAmbiente) responded to the doubts of President Juan Manuel Santos on environmental licensing and the management of the Autonomous Regional Corporation (CAR) in an accountability session and published a summary of its message on its webpage.

Tuesday, August 6th, 2013
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Casanare Comptroller says government’s spending not adding up

The Casanare Comptroller has issued findings from an audit for the fiscal year 2013 and found irregularities across a wide swath of the departmental government’s spending which adds up to some CoP$40.91B (US$22.18M).

Tuesday, August 6th, 2013
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ANH Chief: Mexico must focus on investment, become competitive

In the transition from a state operated monopoly to a mixed scenario with private players Mexico must find ways to be competitive globally and encourage sustained private investment in exploration says Germán Arce, president of Colombia’s National Hydrocarbons Agency (ANH).

Tuesday, August 6th, 2013
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Senator introduces bill to require environmental permit for seismic exploration

Colombian senator Martiza Martínez introduced a legislative bill that would establish a law requiring that seismic exploration for oil reserves first receive an environmental license to move forward.

Thursday, August 1st, 2013
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Science and tech projects awarded over US$311M in royalties in July

In July the General Royalty System (SGR) approved 67 science and technology projects which will receive CoP$588.122B (US$311.3M) in royalty funding, the most relevant funding of its sort for these ends since the new royalty system was established over a year ago.

Tuesday, July 30th, 2013
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CAM says hydrocarbon transport firms lacking contingency plans

The Autonomous Corporation of Alto Magdalena (CAM) says that none of the 12 hydrocarbons transport firms operating in the department have a contingency plan approved by the regional authority.

Monday, July 29th, 2013
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Average Colombian Royalties are not 20 percent

Average Colombian Royalties are not 20 percent

It is a stereotype that rolls easily off the tongue: the Colombian royalty rate is 20%. Data from 1Q13 shown above shows that it is not. The bars represent the average royalty rate for the top producing departments (excluding X Factors paid on E&P contracts) and the figures displayed on the bars themselves is average daily production in thousands of barrels per day.

Thursday, July 25th, 2013
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Palm oil producers say government not keeping biofuels promises

The National Federation of Palm Oil Producers (Fedepalma) says the government is not keeping promises it has made regarding the use of biofuels, in particular biodiesel.

Wednesday, July 24th, 2013
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