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USO goes anti-fracking

The USO argues that health and environmental issues associated with fracking should move authorities to ban the practice in Colombia.

Monday, April 11th, 2016
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Cabrales and Betancourt take aim at royalties, competitiveness, coordination

The conference topic was offshore but our Managing Editor, Wally Swain moderated a panel on the onshore industry that allowed ex-Vice Minister of Energy, Orlando Cabrales, and ex-ANH head, Javier Betancourt to give their uncensored opinions about the current state of the industry.

Monday, April 11th, 2016
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Colombian oil price offset to Brent holds steady

Colombian oil price offset to Brent holds steady

With 4Q15 results now published for Colombia-committed, publicly traded companies, we could update this graph which shows the average offset or discount to Brent that these companies obtained. This shows that companies receive (on average) about US$10 below whatever Brent is in the quarter.

Monday, April 11th, 2016
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Colombia’s EITI Transparency Report Takeaways

On March 15, 2016 the Vice Minister of Mines María Isabel Ulloa presented Colombia’s first transparency report, elaborated according to the standards of the Extractive Industries Transparency Initiative (EITI).

Monday, April 11th, 2016
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E&P companies drop direct costs 27% in 2015

E&P companies drop direct costs 27% in 2015

The publicly listed companies that will give us enough information to calculate netback have reported for 4Q15 and so we update our quarterly and annual graphs. The good news is that Production and Transport costs dropped 27% in 2015 (on average).

Monday, April 11th, 2016
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Government to study tax relief

Faced with falling levels of exploration, production and foreign investment, President Juan Manuel Santos has told fiscal and oil & gas entities to form a group to study tax relief options for the hydrocarbons industry.

Thursday, April 7th, 2016
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