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Regulations & Policy

MinMinas says natural gas subsidies are ready

Following up on a pilot program to subsidies the purchase of gas in cylinder the Ministry of Mines and Energy (MinMinas) says that the subsidies are ready to be claimed by for those who have qualified for the program in select municipalities.

Tuesday, January 14th, 2014
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MinMinas issues policy statement on unconventional resources

The Ministry of Mines and Energy (MinMinas) issued a policy statement in which it has promised technical and procedural details on how it will regulate the exploration and production of unconventional resources over the next six months.

Monday, January 13th, 2014
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Glass half full or glass half empty: Crude oil production 2013

Glass half full or glass half empty: Crude oil production 2013

MinMinas released December crude oil production and natural gas consumption figures which allowed the quarterly and annual results to be calculated.

Sunday, January 5th, 2014
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Accusations of under-reporting again in Casanare

A Casanare land owner is accusing Lewis Energy Colombia of working outside the bounds of its environmental license, which she says has affected a local river and flooded her land, and that the company has also been under reporting its production, while one report suggests the dispute is about compensation for production rights on her land.

Thursday, December 19th, 2013
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Round 2014 is out, government looks to net US$2.6B

The National Hydrocarbons Agency (ANH) has unveiled some of the specifics for the 2014 Colombia round production block auction, from which it hopes to attract over US$2.6B by assigning 112 blocks.

Thursday, December 19th, 2013
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ANH releases unconventional regulation documents

The National Hydrocarbons Agency (ANH) has released three key documents that will establish the regulatory structure to be used for unconventional E&P, and will accept comments from third parties this week.

Tuesday, December 17th, 2013
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Production growth to slow in 2014

Production growth to slow in 2014

The Colombian Petroleum Association (ACP) says growth next year will only be 2.3% which means a projection of 1.03mmbd versus the expected result for this year of 1.006mmbd. The graph shows this means fairly flat growth.

Tuesday, December 17th, 2013
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MinMinas says Tauramena impact overstated

Looking to brush off concerns that the recent vote against oil production in the Tauramena Municipality, The Minister of Mines and Energy (MinMinas), Amylkar Acosta said that the government has been meeting with local authorities and there are already laws on the book that adequately address the protection of water resources.

Tuesday, December 17th, 2013
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Tauramena votes against oil production in public referendum

The Municipality of Tauramena, Casanare held its public referendum on Sunday, December 15th and those who came out voted a sounding no, although the total turnout amounted to just over 34% of the population, narrowly passing the 33% turnout needed for the vote to be valid.

Monday, December 16th, 2013
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After a prolonged silence, government puts Tauramena referendum on the agenda

The government engaged a multi-pronged push back against a public referendum that looks to reject oil production near municipal water sources in Tauramena, Casanare which included ministers and Ecopetrol’s (NYSE:EC) president Javier Gutiérrez.

Thursday, December 12th, 2013
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