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Regulations & Policy

“Colombia is ready to explore un-conventional fields”: ACP

The president of the Colombian Petroleum Association (ACP), Francisco Lloreda, spoke about lessons learned from 2018 and forecasts for 2019.

 

Monday, January 14th, 2019
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Where do we go now?

It is early January and time for my annual look ahead. The working title for this piece is always “Fearless Forecasts” but this year I am rather fearful.

Monday, January 14th, 2019
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Oil referendum in Yopal

The boom of anti-oil referendums in producing regions keeps generating concerns in the industry. The municipalities are still trying to develop these mechanisms (despite the Constitutional Court’s ruling that they have no force) and the Yopal Council ruled on this issue.

Thursday, January 10th, 2019
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Experts expect cheap oil and expensive dollars

Experts expect cheap oil and expensive dollars

Oil prices and the value of the dollar are two of the main variables that drive the Colombian public finances. Expectations for these metrics are not encouraging for this year, and this situation could affect the country’s public finances.

Wednesday, January 9th, 2019
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Regional elections

Colombian political parties are preparing for the upcoming regional elections in the country. The main cities of the country attract the greatest interest by Colombian political parties.

 

Tuesday, January 8th, 2019
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Royalty budget

The National Planning Department (DNP) announced that the regions will receive a generous budget in 2019 that will allow the development of 887 projects. These and other stories in our periodic Royalties summary.

 

Tuesday, January 8th, 2019
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ANH to offer oil blocks

Colombia has not had oil rounds for several years, which has affected the sector’s outlook for the medium and long term. However, the National Hydrocarbons Agency (ANH) plans to offer new areas in the coming weeks.

Monday, January 7th, 2019
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Challenges ahead

Climate change and misinformation, among other issues, have pressured the industry to reinvent itself and adjust to a new reality. Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet) explains how he believes the process is going.

Monday, January 7th, 2019
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“The industry continues to be one of the main employment sources in Santander”: Suarez

The Minister of Mines and Energy (MinMinas), Maria Fernanda Suarez, highlighted the importance of the industry for Colombia’s social and economic development, especially in the department of Santander.

Monday, January 7th, 2019
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The Consequences of Cumaral

The Constitutional Court has been active lately, addressing a number of important issues like the apparent legal conflict between the central government’s ownership of the subsoil resources and local communities’ rights to determine what happens on the surface. We were talking with Hernán Rodríguez, Partner at Dentons, Cárdenas and Cárdenas about the conundrum and he offered this discussion of so-called ‘Cumaral ruling’ which resolves some issues but introduces others.

Monday, January 7th, 2019
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