The Energy and Mining Planning Unit (UPME) has been moving forward with plans to tender the expansion of gas pipelines to improve the supply of the gas, and now details on the organization of the eventual network have emerged as well.
The president of the National Hydrocarbons Agency (ANH) Mauricio de la Mora abruptly resigned last week, saying officially that his work at the ANH has been accomplished.
The USO argues that health and environmental issues associated with fracking should move authorities to ban the practice in Colombia.
The conference topic was offshore but our Managing Editor, Wally Swain moderated a panel on the onshore industry that allowed ex-Vice Minister of Energy, Orlando Cabrales, and ex-ANH head, Javier Betancourt to give their uncensored opinions about the current state of the industry.
Faced with falling levels of exploration, production and foreign investment, President Juan Manuel Santos has told fiscal and oil & gas entities to form a group to study tax relief options for the hydrocarbons industry.
After an intervention from authorities and the community itself, the Constitutional Court decided to lift a suspension on production activities in the Ocelote-Guarrojo in Puerto Gaitán, Meta, since the suspension could cause more problem than it prevents.
Municipal council members in San Martín, Cesar have turned to national press to express their concerns on one of Colombia’s few fracking projects, led by ConocoPhillips (NYSE:COP).
The president of the Chamber of Oil Goods and Services (Campetrol) Rubén Darío Lizarralde again called on the government for a better response to the industry’s current situation and asked for additonal measures to bolster exploration activity.
The Colombian Petroleum Association (ACP) insisted that the government lower State Take on operators and take further measures to guarantee the industry’s competitiveness, because the only thing for certain, says the association, is that prices will go back up.
A sharp drop in attendance and calls of protest were two of the main takeaways from Ecopetrol’s (NYSE:EC) annual shareholder meeting held last week. Minority shareholders protest as the board of directors vote to not pay dividends this year. The NOC says it needs a US$50/barrel fuel price to reactivate shuttered fields.
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