The National Hydrocarbons Agency (ANH) has issued a resolution that will alter the distribution of royalties so that oil producing receiving regions will receive a greater amount for royalties generated towards the end of the prior, direct payment system.
A proposal from the National Infrastructure Agency (ANI) to route tanker-trucks carrying crude from the Rubiales fields through the municipalities of Maní and Aguazul has a number of local officials in arms over the possible ramification of the increased tanker traffic.
To date the government’s Special Programs for Peace Fund of the executive branch has spent CoP$14.5B (US$7.3) on facilitating the necessary conditions for the peace process in Havana, Cuba.
An open hearing on the pending public referendum to approve or reject oil production near the municipality of Monterrey has been postponed after Ecopetrol (NYSE:EC) filed a motion to delay the hearing, which will determine its constitutionality.
Pacific Rubiales (TSX:PRE) had to wait more than two years for its environmental license for the CPE-6 block in the Meta Department, finally receiving the green light at the end of 2013. Now a few more details have emerged on the company’s obligations under the license agreement.
The Regional Autonomous Corporation of the Upper Magdalena (CAM) has fined seven transportation companies for environmental damage from oil spills, not having a contingency plan and non-compliance with preventative measures
The momentum towards unconventional oil extraction in Colombia is gaining, but the industry is still lacking an established supply chain to support the operations, as well as more clarity in regulatory matters said the director of the Colombian Petroleum Institute (ICP) Andrés Mantilla Zárate.
The arrival of Javier Betancourt as the new president of the National Hydrocarbons Agency (ANH) led to the resignation of three of the five leading posts in the entity and new appointments aligned with Betancourt’s mandate.
Naturgas, the Colombian association that represents the natural gas value chain from producers to distributors says the country has reserves for 14 to 15.7 years of demand.
Following elections last November, the USO has a new president, Edwin Castaño Monsalve, who replaced Rodolfo Vecinos as the head of the union’s national leadership. Castaño looks to expand the USO’s reach towards sub-contracted workers and like his predecessor, has his sights set on Pacific Rubiales (TXS:PRE).
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