The Ministry of Mines and Energy (MinMinas) says it is looking to expand the access and reach of propane in energy generation and use it in areas that farther off the formal energy grid.
This Friday, January 31 Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) will meet to review the future of the production contract on the Rubiales field, which is set to expire in May 2016 and has been a lightning rod for political grandstanding in the last few months.
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.
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