News and AnalysIs for

The USO confirmed that a new list of demands for Ecopetrol (NYSE: EC) is ready, four years after the last Collective Labor Agreement was signed.

We have been very concerned about the civil disobedience caused by the ANH’s seismic investigation in Boyacá. There was a public hearing last Friday to discuss the situation and well-known industry figure, Jaime Checa attended. He brought back this report (with photos) which only deepens our concern.

The the National Association of Financial Institutions (ANIF) and Fedesarrollo, among others, spoke about the fiscal challenges that Colombia’s new president, Ivan Duque, has ahead.

The sponsor spoke about a bill in the Senate that seeks to set at least 35% of the General Royalty System (SGR) budget for education in Colombia. These and other stories in our periodic Royalties summary.

The Network of Municipalities in Mining Environments (Remem) made a proposal to leverage royalties’ resources. The Colombian Federation of Municipalities (FCM) supports these initiatives.

Once again, the Colombian Association of Petroleum Engineers (Acipet) spoke out, setting the record straight on oil activities, this time in Boyacá.

EITI Colombia chose the municipality of Muzo (Boyacá) to host an accountability session, highlighting positive results.

BP recently published its annual statistical summary of the global energy market and we thought it might be interesting to look at a few selected charts. The focus was country-by-country comparisons and, by looking at energy consumption broadly, we chose some variables that might be a bit different.

Mauricio Cárdenas, Minister of Finance, announced the last Medium Term Fiscal Framework of the current government, with good prospects. The State revenues from the oil sector could increase considerably in the coming years.

The Ministers of Mines and Energy and of Finance have generated a lot of publicity about the CERT – a cash flow incentive for certain exploration and production investments. They have been less vocal about a MinHacienda initiative that claws back part of the incentive.