A monitoring tool for the general public Maparregalías has been unveiled, and it offers a window into CoP$16.8T (US$5.5B) in royalty resources that have been approved for projects in the first half of 2015, meanwhile a report reveals inefficiency in royalty project execution. These and other stories in our periodic roundup.
Repeatedly cited as one of the drawbacks for the industry, the government announced a new framework for environmental licensing, and the Chamber of Oil Goods and Services (Campetrol) found that the proportion of licenses approved versus those filed has changed since the last year.
Much has been said about the formula used to determine monthly gasoline and diesel prices, especially since the fall of international crude prices. But it is becoming clearer that the Brent and WTI have only a small impact in the Ministry of Mines and Energy (MinMinas) calculations.
Following up on actions in 2014, the Ministry of Mines and Energy (MinMinas) has extended a series of workshops to facilitate better relations between regional authorities, companies and communities, choosing Arauca as the first host for the meetings this year.
A local paper published a document from Caquetá professionals in the field of social research who see the region’s unique environmental riches and the impact on the social conflict as the main reasons why the region is not suited for oil production.
The Ministry of Mines and Energy (MinMinas) presented a study, in the presence of President Juan Manuel Santos, which highlights how great things have been for the energy and mining sector over the last five years.
The director of the Colombian Association of Petroleum Engineers (Acipet) Carlos Leal says that the association believes that the employment figures of the hydrocarbons industry are worse than official estimates, and the trend started before the fall in oil prices.
A recent roundtable of the Oil & Gas Cluster that the Casanare Chamber of Commerce ended with the president of the Colombian Chamber of Oil Goods & Services (Campetrol) Rubén Darío Lizarralde concluding it is time to stop the ‘mafias’ that have taken hold of oil company and community relations.
Colombian authorities should be paying close attention to not just the results of the first Mexico Round, but how the rest of the process plays out. It clearly demonstrates that contract conditions and geology weigh just as heavily as state take when deciding whether to bid or not, says a business publication.
After a considerable amount of debate on how to set natural prices and allow the different parts of the supply chain to agree to rates, the Energy and Gas Regulation Commission (CREG) has opted for direct negotiation.
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