We hit a new record for articles about fracking (pro and con) for a single week. There were more articles both pro (25) and con (33) than we had ever seen in a single week for the combined total (21) but the Fracker Tracker slipped further into the red.
Francisco José Lloreda, President of the Colombian Petroleum Association (ACP), spoke about important issues for the oil sector such as production, royalties and popular referendums among other issues in an interview for the business paper Dinero.
Production declines in La Guajira natural gas fields could put the country at risk of having to import this fuel in 2023. the Minister of Mines and Energy (MinMinas) spoke on the matter.
The ANH’s Permanent Competitive Procedure is the most significant change in procedure in years. It opens the opportunity for continuous block assignments. Ten days ago, the ANH announced an important modification, finally allowing what Agreement 2 was supposed to have from the beginning: the ability to nominate blocks for assignment (which we have called browse-the-rack-and-pick-up-something-you-like). Leopoldo Olavarria and his team at Norton RoseFulbright have kindly prepared the following summary of the changes.
General Comptroller, Edgardo Maya, warned about the risks of implementing fracking in Colombia, reopening the controversy on the subject.
Ten years ago, Colombia decided to establish a policy that promotes the sustainable production of eco-friendly fuels. Today, the capacity to produce biofuels has grown at a steady and sustainable rate.
Oil prices have been recovering this year, improving the country’s finances due to higher revenues of industry firms. The government wants to leverage the situation.
The possible loss of oil self-sufficiency has been one of the main issues discussed in Colombia during last years. The development of unconventional deposits is one of the most attractive alternatives to solve this concern and the sector is ready to move forward on this issue.
The oil sector has proposed the implementation of unconventional techniques to increase reserves, but this alternative has generated much concern and controversies. Communities are taking legal actions to prohibit techniques such as fracking in Colombia.
Juan Carlos Rodríguez, president of the Colombian Federation of Freight Transporters and Logistics (Colfecar), spoke about the challenges of the truckers’ sector in Colombia.
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