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Regulations & Policy

Hypocrisy and oil

As the global push to combat climate change intensifies, one question looms large: is each nation contributing proportionally to the cause? This query arises from the impassioned remarks of Guyana’s President, Irfaan Ali, in a recent interview with the BBC.

Tuesday, April 9th, 2024
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Petro criticizes extractive economy

Colombian President Gustavo Petro has once again strongly criticized the country’s shift towards an extractive economy and the lagging participation of the coffee sector.

Monday, April 8th, 2024
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Constitutional Court vs MinHacienda

The Plenary Chamber of the Constitutional Court refused to admit for consideration the request made by the Ministry of Finance (MinHacienda) to mitigate the effects of one of the decisions taken by the high court regarding the tax reform, which left the government with a shortfall of CoP$6.7T.

Monday, April 8th, 2024
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The Colombian Natural Gas Market: The Imminent Loss of Its Self-sufficiency and Affordability

Against the backdrop of Naturgas’ annual congress, this week in Cartagena, contributor Tomás de la Calle worries about the impact of Petro-government policies on Colombia’s self-sufficiency in gas. He foresees a sellers’ market – which usually means higher prices – in the near future.

Sunday, April 7th, 2024
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Oil prices surge

The upward trajectory continues with crude oil prices steadily climbing.

Thursday, April 4th, 2024
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Royalties’ collection in 2023

Royalties’ collection in 2023

Campetrol, with information from the National Hydrocarbons Agency (ANH), published the royalties’ collection figures for 2023.

Thursday, April 4th, 2024
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Legal setback for Hupecol over Caño Cristales

The Administrative Court of Cundinamarca rejected the E&P’s lawsuit, which sought compensation of over CoP$20B for damages and more than US$12M for opportunity costs, El Tiempo reported.

Thursday, April 4th, 2024
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Minhacienda’s royalty ruling dilemma

The Constitutional Court received a proposal from Minister of Finance (MinHacienda) Ricardo Bonilla outlining four ways to mitigate the effects of a ruling that overturned the prohibition on extractive companies deducting royalties from income tax.

Tuesday, April 2nd, 2024
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A President with oil phobia

Former congressman Jorge Enrique Robledo made waves at the Ecopetrol (NYSE: EC) shareholders’ assembly by challenging the agenda and proposing changes he believes are essential to prevent further financial losses for the company’s shareholders.

Tuesday, April 2nd, 2024
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Royalty reform sparks concern

The National Planning Department (DNP) has swiftly responded to President Gustavo Petro’s recent announcement regarding a reform on royalties, emphasizing prioritizing issues like clean water over the development of infrastructure projects, such as fourth-generation roads.

Wednesday, March 27th, 2024
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