The crisis in Venezuela opened the possibility of increasing oil exports from Colombia to the United States, generating great expectations in the sector. However, Moody’s made a report on this situation, and the results are not very encouraging.
Colombia’s Vice-president, Marta Lucía Ramírez, closed Naturgas’ 22nd Congress, where she spoke about the opportunities and challenges of the gas industry in the country.
As we reported recently, what we have been calling the “Commission of Experts” published their final report. It is 173 pages (in Spanish obviously) and not exactly stimulating reading (which shows its scientific ‘cred’). We abridged the two recommendations chapters, 13 and 14, and translated them into English. We hope you find it useful.
The oil and gas sector has announced discoveries of natural gas in the Caribbean Sea in recent years, but concerns about a possible increase in imports of this fuel are still present. Orlando Cabrales, President of Naturgas, spoke on this topic, investment plans and the situation of the gas market in Colombia.
The Colombian government wants to reactivate the production and reserve metrics of the oil sector in Colombia. The National Hydrocarbons Agency (ANH) is analyzing alternatives to increase production in several oil fields.
The Vice minister of Mines and Energy (MinMinas), Diego Mesa, spoke about the government’s plan to reactivate the national gas industry.
The Commission of Experts published its final verdict on fracking, and the debate around this topic is starting to finally make sense. Here is why.
The Colombian government announced the royalties budget for the 2019-2020 period with a historic figure of CoP$24T. However, the “real” value could be larger, due to a recent adjustment by the Ministry of Finance (MinHacienda).
The government announced modifications to the General System of Royalties (SGR), aimed at making oil revenues more efficient, both in producing and in non-producing regions.
The Commission of Experts appointed by the Ministry of Mines and Energy (MinMinas) published a 273-page document with its final verdict on the development of fracking in Colombia.
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