Executives from major oil companies are flocking to Venezuela to capitalize on the easing of sanctions imposed by the US, even though there’s a looming risk that access to the world’s largest oil reserves could shut down as quickly as it has opened.
Colombia, a country renowned for its robust oil industry, has taken an unexpected leap by joining the Non-Proliferation Treaty for Fossil Fuels. This initiative originally was proposed by small island states in 2019.
The Colombian Congress is poised to kill a bill that would have banned fracking in the country.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during October 2023.
The Ministry of Mines and Energy (MinEnergia) proposed a draft addition to the Unified Regulatory Decree for the Administrative Sector of Mines and Energy 1073 of 2015 concerning the regulation of Law 2045 of 2020 on prioritizing investments in projects for the provision of public utility services within the social investment plans and programs of contracts for exploration and exploitation of non-renewable natural resources.
Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures for 3Q23. Here are the details.
The government announced the appointment of a new President of the National Hydrocarbons Agency (ANH).
Alvaro Ríos, Director Partner at Gas Energy Latin America, emphasized the relevance of Colombia not dismissing natural gas imports from Venezuela, although he recommends that PDVSA should not handle the gas pipeline operations.
Amid concerns regarding the potential impacts of a strong El Niño phenomenon on Colombia, Ricardo Bonilla, the Minister of Finance (MinHacienda), addressed the nation’s possible need to import gas.
This question seems at the very least premature. While most Colombians (it appears but maybe not) are counting down the days (984 as of time of writing), oil and gas companies have long-term investments. Committing to them today means living with the consequences beyond August 6th, 2026. Who will be making the decisions on August 7th or, if “who” is too complicated, what kind of government will we have?
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