After the recent change in leadership at Colombia’s Ministry of Mines and Energy (MinEnergia), several key positions within the department and its affiliated entities are yet to be filled. One such position is the Presidency of the National Hydrocarbons Agency (ANH).
One of the most frustrating aspects of working in the Colombian countryside is the unclear boundaries of “prior consultation”. The constitution and international agreements require ethnic minorities to be consulted on issues that affect them – like infrastructure or resource development – but Congress has never dared to pass a law that regulates what this means. This is partially because such a law would itself have to be consulted before passage and there is a reasonable expectation that the affected minorities prefer the current ambiguity. Without a legal framework, work has progressed based on decrees and administrative procedures. Recently, the State Council nullified one of the fundamental decrees. The team at Brigard Urrutia wrote an opinion on the implications for oil and gas companies.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during July 2023.
In a recent address to the Colombian Congress, Finance Minister (MinHacienda) Ricardo Bonilla shed light on the potential for new contracts in oil and gas exploration in the country.
President Gustavo Petro has been vocal about the urgent need to accelerate the country’s energy transition away from hydrocarbons.
Colombia has taken a significant step toward its commitment to the Paris Agreement and the development of unconventional renewable energies.
Campetrol sparked a discussion about the potential consequences for both the industry and the Colombian economy if the currently favorable oil prices begin to decline and remain low for months.
Supply restrictions at some fields in northern Colombia has raised the specter of in Colombia’s Caribbean region and local authorities talked about this situation.
The country has seen a significant increase in liquefied natural gas (LNG) imports to safeguard its hydroelectric operations against the looming threat of a drought caused by El Niño, according to the National Association of Power Generators (Andeg).
The Ministry of Finance and Public Credit (MinHacienda) has authorized Ecopetrol (NYSE: EC) to secure a foreign loan of up to US$1.0B.
2025, Hydrocarbons Colombia, All Rights Reserved.
