The Ministry of Mines and Energy (MinEnergia) released a draft resolution outlining the requirements for the presentation, evaluation, prioritization, and allocation of resources for gas infrastructure projects co-financed with funds from the national budget.
In a move aimed at increasing oil and gas reserves, the Colombian government is preparing regulatory adjustments to prompt greater activity from operators holding currently inactive oil and gas exploration areas. Making the most of what you have makes sense, but we think the proposed implementation is, frankly, dumb.
The Inspector General uncovered significant irregularities in the use of resources intended for implementing the peace agreement, as part of its oversight of the General System of Royalties (SGR).
Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of April 2024. Here are the details.
The Colombian Constitutional Court held an extraordinary hearing to determine the future of a ruling that declared the non-deductibility of royalties from corporate income tax for companies exploiting natural resources in Colombia as unconstitutional.
Coal played a crucial role in preventing a blackout in Colombia, according to statements from Fenalcarbón and Andeg.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during March 2024.
A vacation trip to Valledupar in the Colombian department of Cesar showed me some successful and some failed royalty projects which I think have lessons for oil and gas companies.
At the heart of Colombia’s royalty system lies a substantial pool of resources, designated to fuel development projects across various sectors.
The Superintendence of Industry and Commerce (SIC) filed charges against Ecopetrol, Cenit, Oleoducto Central, and Helistar for alleged “blanket specifications” in selection processes totaling over CoP$417B.
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