And it’s only half over… The past two years since President Gustavo Petro’s inauguration on August 7th 2022 have not lacked for excitement – or risk. For oil and gas investments in Colombia, the Chinese curse “May you live in interesting times” has never been more apt. But, frankly, we are living it and surviving.
At the Cambio forum titled “Legal Security and Investment: What is Happening in Colombia?”, experts from various sectors, including social development and the private sector, gathered to discuss the current challenges and opportunities related to economic growth within the country’s legal framework.
Bogotá hosted the first workshop titled “Promoting Environmental Compensation of the Biotic Component through Knowledge Management in the Mining and Energy Sector.”
The recent resolutions by the Energy and Gas Regulatory Commission (CREG) represent a significant step towards bolstering Colombia’s natural gas infrastructure amid looming concerns of potential gas deficits starting in 2025.
Colombia’s Comptroller General, Carlos Hernán Rodríguez, raised an urgent alarm regarding potential irregularities in the handling of royalties within the country.
In a recent motion of censure debate, Colombia’s Minister of Mines and Energy (MinEnergia), Andrés Camacho, firmly rejected the possibility of importing gas from Venezuela. This stance contrasts sharply with earlier statements made by Ecopetrol’s president, Ricardo Roa, who had hinted at the potential for such imports.
Tomás González, Director of the Energy and Gas Regulatory Commission (Cree) highlighted a concerning trend in Colombia’s gas reserves.
In a move to ensure the efficient management of Colombia’s oil and gas reserves and contingent resources, the Interinstitutional Hydrocarbons Committee will hold its inaugural meeting on August 6, 2024.
For all the doom and gloom from commentators (like us!) and falling key driver statistics, oil production is up in 2024 versus 2023. Who or what is responsible?
The Colombian economy has been grappling with sluggish growth, as evidenced by the mere 0.6% expansion in 2023. The private sector, a vital engine for economic vitality, faces numerous challenges, including bureaucratic hurdles, delayed permits, and stalled licenses.
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