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Regulations & Policy

MinAmbiente releases Magdalena River report

The Ministry of Environment and Sustainable Development (MinAmbiente) released a report on the policy strategy and development of economic and environmental issues along the Magdalena River.

Thursday, October 31st, 2013
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Finance Minister talks royalties, but dodges the big picture

Following a debate in Colombia’s Senate on royalties, the country’s Finance Minister Mauricio Cárdenas told press that the government would increase the resources available by CoP$1.5T (US$795M), but did not address structural and implementation concerns.

Wednesday, October 30th, 2013
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PRE sent letter to Ecopetrol to push STAR, contract renewal in Rubiales field

PRE sent letter to Ecopetrol to push STAR, contract renewal in Rubiales field

It has been revealed the Colombia’s largest private oil operator Pacific Rubiales (TSX:PRE) sent a letter to Ecopetrol (NYSE:EC) in March to formally ask the NOC to apply its STAR secondary recovery technology immediately and not wait until the 2016 contract ends.

Wednesday, October 30th, 2013
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Petroleum toxic waste processing plant inspected as authority mulls lifting restriction

The director of the Casanare environmental management agency Corporinoquia inspected the steps taken at a petroleum toxic waste plant to fix handling issues in the municipality of Pore and though it found advances, it will decide based on lab examinations whether or not to lift the preventative measure placed on the facility.

Wednesday, October 30th, 2013
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Oil companies must demonstrate good practices on environment, says editorial

The recent green light to hold a popular vote in the municipality of Tauramena, Casanare, is making waves in the community and the local paper published an opinion piece calling for oil companies and contractors to demonstrate good practices in environmental matters, or face the consequences of community or legal action.

Tuesday, October 29th, 2013
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Government gives Drummond, Cerrejón a month to work out a deal

The Minister of Mines and Energy (MinMinas) Amylkar Acosta said that coal miners Drummond and Cerrejón must reach an agreement on the elongated dispute over overlapping Coal Bed Methane gas (CBM) and coal production rights in the Ranchería River Valley, and that they have a month to do so.

Monday, October 28th, 2013
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ANH remains headless as deadline approaches

The National Hydrocarbons Agency (ANH) is still without a president as the main candidate to take up the role was rejected due to a technicality. Looming ahead is a legal deadline on November 25, when the government is legally prohibited from appointing administrative positions ahead of the election cycle.

Monday, October 28th, 2013
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MinMinas to deregulate pipeline prices to encourage new projects

Colombia’s ministry of Mines and Energy (MinMinas) is preparing rules to deregulate transport rates for new oil pipelines in order to promote more construction in areas with new production.

Thursday, October 24th, 2013
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Popular vote asks community to decide on oil production

The Casanare Administrative Tribunal has approved a formal request from the mayor of Tauramena to hold a constitutional popular vote, essentially a public referendum, in which the community can support or reject the development of oil productions in the municipality.

Thursday, October 24th, 2013
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Business relations with the government have gotten worse

Business relations with the government have gotten worse

That is the conclusion of an Invermer Gallup poll done for national business magazine Dinero, published in a recent issue. The graph shows selected items from the article.

Thursday, October 24th, 2013
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