After a brutal campaign that left many Colombians thinking about voting for ‘none-of-the-above’, President Juan Manuel Santos was reelected meaning we expect continuity in the current government’s policies.
Using Occidental (NYSE:OXY) as an example, an outspoken critic of the oil industry argues in a column that the government and controller must review association contracts renewed during President Uribe’s term because the formula to figure the state’s share is outdated, and apply the lessons to contracts up for renewal, such as Rubiales.
Colombia’s state training agency Sena has unveiled the installation of a specialized “industrial instrumentation room” in Huila, the fifth such facility in the country and part of a strategy to improve local talent in hydrocarbon matters.
A study by UK firm Arthur D. Little commissioned by the National Hydrocarbons Agency (ANH) gave Colombia a 3.9 out of 5 for its investment attractiveness to oil companies, ranking it behind Brazil and Mexico.
On May 17th the General Royalty System (SGR) officially marked its second anniversary, and a look at the results over the last two years shows highway projects have received the most funding, while regionally the Caribbean coast has benefited the most.
Following through on promises to limit the number of tanker trucks heading from fields in Putumayo through Huila, national government officials have announced that crude will start heading to Ecuador via pipeline starting on July 15th. Truckers that currently move the crude through Huila in tankers have rejected the measure.
An oil engineer, Oscar Vanegas, and repeated critic of the oil industry in Casanare has received his own share of criticism after the Industrial University of Santander (UIS), where Vanegas is a staff member, said he does not speak for the institution and presents ideas without proper scientific field testing to back them up.
The Llanos Orientales (ODL) pipeline has been working for the last two years to reach an agreement with local communities for an 86km Carmentea-Araguaney section, but for every socialization and advance, another snag appears with local leaders.
The Ministry of Mines and Energy (MinMinas) is preparing a Conpes document that would create greater incentives for investment in off-shore exploration, one of its priorities in expanding Colombia’s proven reserves.
A prominent family with livestock interests has denounced oil exploration and poor industry practices in environmental matters in Casanare in accusations filed with the country’s Attorney General, and is calling for a penal investigation into the matter.
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