Alexander López Maya, Director of the National Planning Department (DNP), called on all sectors of Colombian society—social, economic, and political—to allocate resources from the General Royalties System (SGR) towards implementing a new energy matrix model and environmental protection.
For the tenth consecutive year, the Colombian Petroleum and Gas Association (ACP) has released its economic report, “Trends and Perspectives of the Oil and Gas Sector in Colombia.”
Inaugurating the Colombian Institute of Petroleum and Transition Energies (Icpet), President Gustavo Petro emphasized the urgent need to move away from coal and oil due to their greenhouse gas emissions.
The economic outlook for Colombia over the next 12 months is causing less concern among institutional investors compared to a month ago, according to Davivienda’s monthly Financial Assets Survey. However, the political climate is fostering increased pessimism among them.
The Colombian Energy and Gas Regulation Commission (CREG) is poised to modify the schedule for the ongoing natural gas commercialization process.
Carlos Hernán Rodríguez Becerra, Inspector General of Colombia, recently highlighted the critical issue of declining royalty revenues and the potential repercussions for the country’s economy.
The Ministry of Mines and Energy (MinEnergia) has released a draft decree amending Resolution 00279 of March 30, 2023, regarding the annual tariff adjustment factor for oil pipeline transportation.
President Gustavo Petro asserted that heavy oil might be the first to go to zero demand globally, suggesting that “Colombian oil is heavy, and this will be the first to exit the world market.” But how accurate is the claim that heavy oil will be the first to be phased out?
The National Hydrocarbons Agency (ANH), led by President Orlando Velandia Sepúlveda, announced the approval of the B League initiative, a strategic plan to reassign oil and gas exploration and production areas to smaller companies.
Minister of Mines and Energy (MinEnergia), Andrés Camacho, announced that the government is accelerating oil exploration efforts.
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