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Regulations & Policy

Environmental Round Up: Casanare Drought Debate Continues

A report issued last week by Colombia’s General Controller placing the responsibility for a drought earlier this year on the shoulders of the oil industry in Casanare has brought the issue back to the front pages, as critics call for greater restrictions on seismic exploration while oil authorities push back.

Wednesday, August 13th, 2014
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Fuel prices hold stable for August

Fuel prices hold stable for August

The Ministry of Mines and Energy (MinMinas) says no changes will be made to the reference fuel price, pointing out that over the last year fuel prices have grown by less than 1% in the case of gasoline and 1.8% for diesel.

Tuesday, August 12th, 2014
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Santos shakes up his cabinet, Acosta out as MinMinas

President Juan Manuel Santos named a new cabinet Monday evening which included several changes relevant to the oil industry, Amylkar Acosta steps down as the Minister of Mines and Energy and will be replaced by Tomás González.

Tuesday, August 12th, 2014
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Campetrol, oil firms sign anti-corruption pact

The Colombian Chamber of Oil Goods & Services (Campetrol) has led an agreement signed between its 191 members that looks to denounce and prevent cases of corruption in the oil industry.

Monday, August 11th, 2014
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MinMinas meeting with coal miners to discuss CBM

The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.

Monday, August 11th, 2014
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Colombia’s General Controller fingers the oil industry for Casanare drought

The General Controller’s office has issued a report that blames a number of manmade influences, including oil production, livestock and rice plantations, for the Casanare drought earlier this year, but singled out seismic activity and the drilling of wells as the main responsible action for the drought.

Wednesday, August 6th, 2014
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Royalty Round-up: Expo, Meta OCAD, Santander example

The National Planning Department and other authorizes have organized an expo for regional entities on the royalty system, while Meta finally has its OCAD review. Producing regions might not like the new royalty system, but other regions, such as Sabana de Torres, Santander, have used it to their advantage. These and other stories in our routine round-up of royalty related stories.

Tuesday, August 5th, 2014
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ANLA restricts river water disposal at Rubiales

ANLA restricts river water disposal at Rubiales

The National Environmental Licensing Authority (ANLA) has placed restrictions on the disposal of produced water from the Rubiales field into a waterway with the same name, citing the environmental risk for the area surrounding Pacific Rubiales (TSX:PRE) namesake, and largest producing field.

Tuesday, August 5th, 2014
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OGX says social, environmental concerns forced it to move on

Brazilian oil operator Óleo e Gás Participações (OGX) says that social and environmental issues pushed it to divest its Colombia assets in the Cesar Rancheria (CR) and Lower Magdalena (VIM) basins, and continues negotiating with the National Hydrocarbons Agency to reach an final exit plan.

Tuesday, August 5th, 2014
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MinMinas faces the public in Medellín

We have low expectations of ‘rendering of accounts’ sessions because they are typically well orchestrated to avoid controversy and minimize the risk of criticism spiraling out of control. However we were presently surprised by the recent MinMinas session which essentially closed out the first Santos government’s management of the area.

Thursday, July 31st, 2014
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