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Regulations & Policy

Suspension of gas exports creates resentment in Venezuela

Starting at the beginning of May Colombia cut off gas exports to neighboring Venezuela to guarantee a constant supply of the resource considering the El Niño weather phenomenon. Venezuelan authorities are less than pleased and say the decision could impact its supply to Colombia in the future.

Monday, June 2nd, 2014
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MinAmbiente, MinMinas adding new requirements for seismic exploration

Through a joint effort between the Ministry of Mines and Energy (MinMinas) and the Ministry of Environment (MinAmbiente), a new process including additional requirements will be required for companies to perform seismic tests for exploration.

Monday, June 2nd, 2014
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Cautious optimism ahead of El Niño

Cautious optimism ahead of El Niño

Rainfalls have fell short of expectations to keep hydro-energy on at full, but authorities say that the energy is well shielded against issues that could cause supply shortages, mainly due to a strong supply of gas. However generators do not want to see gas exports to Venezuela resume just yet.

Thursday, May 29th, 2014
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Royalty Round-Up: DNP director continues touting new system, Casanare visit, Meta Approval, Do not interrupt

Criticism of the General Royalty System has not stopped the National Planning Department (DNP) director from promoting its impact and future, the head of the DNP royalties department visits to inspect projects in Casanare and a VP candidate lashes out at a event after receiving questions about the royalty issue. These stories in our roundup of royalty related events and reports.

Thursday, May 29th, 2014
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Oil producing departments look to public-private initiative to counteract lack of royalties

Through the Business Association for the Development of Orinoquia (Asorinoquia), regional government entities are looking to create public-private initiatives that would compensate for the lack of hydrocarbons royalties and finance needed infrastructure investments.

Wednesday, May 28th, 2014
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Potential for a China-Colombia relationship in oil

China’s role as the world’s leader in the consumption of raw materials and its growing interest in the Latin American energy and commodities sectors make Colombia an attractive partner, but today the Asian nation sees Colombia as only a coffee maker, says an expert on China-Latin American relations.

Tuesday, May 27th, 2014
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More than supermajors needed to develop off-shore, says academic

The director of the Energy, Petroleum and Mineral Laws of the Dundee University in the UK, Peter Cameron, visited Colombia to meet with members of the oil, and said that the industry needs more than just a few supermajors to develop its off shore potential.

Monday, May 26th, 2014
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Now it gets interesting

Now it gets interesting

The first round of the Colombian elections have come to an end and the results was a win for the Uribist candidate Oscar Ivan Zuluaga over the incumbent President Juan Manuel Santos. (Uribism and Uribists are followers of ex-President Alvaro Uribe’s Democratic Center Party.)

Monday, May 26th, 2014
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FDI, hydrocarbons sector becomes election talking point at Cinmipetrol

The Minister of Mines and Energy Amylkar Acosta championed the role of the mining-energy sector in bringing foreign direct investment (FDI) to the country, even though there are signs that it has decreased, while President Juan Manuel Santos attributed the growth to his administration.

Thursday, May 22nd, 2014
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Huila residents appeal to State Council to annul Las Ceibas contract

Members of the Civic Committee in Defense of the Las Ceibas Riverbasin will take their cause to the State Council in order to annul an E&P contract held by a subsidiary of Pacific Rubiales Energy (TSX:PRE), despite confirmations from the company and government that the E&P work will not go forward.

Thursday, May 22nd, 2014
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