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).
The Ministry of Mines and Energy (MinMinas) and the Ministry of Environment and Sustainable Development (MinAmbiente) have agreed to create a protocol and environmental guide for contractors to follow, citing in particular seismic exploration activities.
During the LXXII ordinary assembly of the 32 departmental governors the regional leaders will formulate a request for President Juan Manuel Santos to make a true push for greater administrative decentralization and regional autonomy.
The Ministry of Mines and Energy (MinMinas) published an outline of the policy alignments of the formula to set fuel prices, and said that prices will remain stable in December and have actually shown a 4% decrease compared to last year.
The Colombian government, by way of the Ministry of Mines and Energy (MinMinas) signed a memorandum of understanding with the US government in Washington DC to cooperate on energy matters.
It is far too easy to use stereotypes. We at HCC are as guilty as anyone of saying things like ‘heavy Llanos oil’. The phrase ‘Colombian royalties are 20%’ comes too easily to the tongue. The graph clearly shows the diversity of royalty percentages in the country and by basin.
A forum organized by social activist Ólder Alexis Cáceres on conflict and policies on natural resources claims hydrocarbons reform to protect natural resources is a must for lasting peace. Resources must be protected from profit-driven private industry, activists argue.
Senator Maritza Martínez said during a senate debate that the environmental and social damage caused by exploration and production in Arauca, Casanare and Meta are a cause of concern and create the need for public referendums like the one scheduled in Tauramena, Casanare.
The Ministry of Mines and Energy (MinMinas) has presented its formula to lower fuel costs at the pump and also believes that the modernization of national refineries could also contribute to a lower price in the midterm.
The municipality of Monterrey has presented a socialization of the Odisea 3D seismic exploration project and its environmental impact to the municipal council so that council members can issue a statement regarding the project and possible bring it to a public referendum.