The government is presenting a new formula to calculate fuel prices and the Ministry of Mines and Energy says it has a plan that will not sacrifice income for Ecopetrol (NYSE:EC).
Ecopetrol (NYSE:EC) highlighted the results of the recent bilateral negotiation, part of the government’s effort to redefine the commercial structure of natural gas in Colombia and lower prices for the final consumer.
Two months after taking the role of the Minister of Environment and Sustainable Energy (MinAmbiente), a national paper publishes a report saying the new minister Luz Helena Sarmiento has largely remained silent since her start, a source of worry for the energy and mining industry.
The National Consulting Center did a study of the image of local mayors and departmental governors and published their latest findings. Here is a look at how the political heads of oil producing regions – Meta and Casanare – fared.
In order to finance road maintenance and improvements the Casanare secretary of public works and transport, Wilson Arenas, has proposed a toll system that would charge all oil tanker truckers using the public roadways.
Since May the peace talks in Havana have yet to render any solid agreements, but this week Farc and government negotiators announced common ground on the second of five agenda points: political participation.
After questions from the Meta Department that the reported production of some foreign oil operators is lower than reality, the National Hydrocarbons Agency (ANH) says it is increasing its monitoring efforts to guarantee and accurate production number, which is used to formulate royalty payments.
Pacific Rubiales Energy (TSX:PRE) says that it has received the environmental license from the National Environmental Licensing Authority (ANLA) for exploration and production activities in the CPE-6 and Guama E&P blocks, following several extended delays.
The Governor of the Meta Department Alan Jara told local press that the department, along with other oil producing regions, have lost autonomy under the new royalty system and are not benefiting from the industry’s activities.
The National Registry has set a December 15th date for a public referendum in the Tauramena municipality to accept or reject oil production in parts of the community. The authority also confirmed the exact wording of the questions, which links the issue to local water issues.
2025, Hydrocarbons Colombia, All Rights Reserved.
