News and AnalysIs for

The Ministry of Mines and Energy (MinMinas) spoke about its alliance with the Colombian office of the United Nations Development Program (UNDP), to improve the industry-communities relationship.

Juan José Echavarría, Manager of Colombia’s Central Bank (Banrep), spoke about Colombia’s management in oil bonanzas and its consequences in times of low prices.

The National Planning Department (DNP) announced some of the projects that were pre-selected for the ‘Well Invested Royalties Award,’ aimed at promoting the good use of resources from the General Royalty System (SGR). These and other stories in our periodic Royalties summary.

The Colombian Association of Petroleum Engineers (Acipet) and other industry groups asked the Constitutional Court to review the “unconstitutional” nature of popular consultations and spoke about their proposals to assure that locals make better informed decisions.

Foreign direct investment (FDI) has been recovering slightly in recent months. This behavior has increased the government’s expectations about this important metric for this year and the Ministry of Commerce, Industry and Tourism (MinComm) announced its FDI projections for 2018.

At this time of year, the UPME publishes its annual forecasts for gas demand and supply. Here we take a look at the conclusions, focusing on key graphs.

A few weeks ago, a poll appeared showing Gustavo Petro in first place for Colombia’s upcoming elections. Somewhat naturally, this raised eyebrows and raised concerns in the oil and gas industry.

Unconventional projects are the main alternative of Colombia to solve the problem of energy self-sufficiency in the short (and maybe even longer) term. This option has generated many discussions and controversies, but the National Authority of Environmental Licenses (ANLA) recently made a historic decision on this issue.

This graph started – as many do – in response to a question from a subscriber: “Can you relate oil prices to investment?” It was easy to do the graph from our databases, but we did not expect the result to be so definitive.

Official figures to evaluate Colombia’s development during 2017 are available; low economic growth, social protests and the breach of several presidential promisesshaped last year.