Over the last week President Juan Manuel Santos has faced calls from both critics and government institutions to release the full details of the initial peace agreement announced on September 23, while the government insists that the guerrilla will face sanctions as part of the transitional justice.
Two senators have taken up the cause advanced by former Senate president, Senator Jose Name, which led to the Ministry of Mines and Energy (MinMinas) and the Energy & Gas Regulation Commission (CREG) to freeze natural gas prices, citing the interests of the final consumer along the Caribbean coast.
The Colombian Association of Oil Engineers (ACIPET) has designated Carlos Rodríguez as its new executive director, replacing Carlos Alberto Leal who held the position for the last five months during the search for a permanent replacement.
We attended yesterday’s session to present the long-anticipated McKinsey study on Colombia’s competitiveness and the MinMinas/ANH initiatives to address the issues that study uncovered. Readers can find a separate article on the MinMinas press-release. Here is our extended ‘Bottom-Line’.
Led by the Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) the central government has presented a plan to keep Colombia’s hydrocarbons sector competitive, overhaul how it promotes new blocks, and aims to receive US$20B in investment by 2030 with production reaching 1.3Mboed.
The fall in oil prices has had dire consequences for the oil services industry, and regional leaders are looking at how services firms of different countries can band together to weather the current price scenario.
More than three years after the implementation of the General Royalty System (SGR) complaints persist and observers say that the new system puts small municipalities at a disadvantage, even if it has brought about more transparency and control.
The president of the National Hydrocarbons Agency (ANH) Mauricio de la Mora now says that the entity is planning a ‘mini-round’ where it will offer three blocks in December of this year, an abrupt shift from recent comments he made on how the entity will promote investment.
The Ministry of Mines and Energy is preparing a decree which it says is necessary to stimulate the construction of gas pipelines through direct state intervention and tenders. But private industry says the problem is in the regulations.
The National Hydrocarbons Agency (ANH) president Mauricio de la Mora said that the agency is preparing another series of measures that will help improve the conditions for the industry to remain competitive, with a focus on how it will assign new blocks.
2025, Hydrocarbons Colombia, All Rights Reserved.
