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Despite the Colombian government’s recent decision, led by President Gustavo Petro, to refrain from signing new contracts for oil and natural gas E&P, an announcement is expected to breathe new life into the natural gas sector.

The Colombian Constitutional Court is scheduled to begin deliberations on the constitutionality of a provision in the country’s new tax reform that prohibits the deduction of royalties from taxable income.

In a collaborative effort, the Barranquilla Chamber of Commerce and the Atlántico Inter-Guild have put forth a series of initiatives aimed at strengthening the business fabric of the department and district.

The Ministry of Mines and Energy (MinEnergia) announced a resolution aimed at optimizing the utilization of oil and gas wells drilled in onshore and offshore fields. This move is set to provide a significant boost to hydrocarbon exploration, particularly in natural gas.

Although the Petro government struggles with how soon Colombia can reduce its dependence on hydrocarbons, the goal of reducing escaped or flared gases from production – a contributor to the industry’s Scope 1 CO2e emissions – unites this government with the last one.

The Minister of Finance (MinHacienda), Ricardo Bonilla, talked about the resources collected in the 2022 tax reform to cover the Fuel Prices Stability Fund (FEPC) deficit.

The recent local elections and major setbacks in President Gustavo Petro’s flagship “Total Peace” project should mean a reevaluation of the To Do list but probably it won’t. Unfortunately. Here we look at the election results in more depth.

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during September 2023.

The Ministrer of Mines and Energy (MinEnergia), Andrés Camacho, announced the new Deputy Minister of Energy.

While the Petro government plans to accelerate the energy transition and reduce reliance on hydrocarbons, the Petroleum Barometer showed interested results about the Colombians’ perception about the oil industry and energy transition.