Both the Minister of Mines and Energy (MinMinas) Tomáz González and the Colombian Petroleum Association (ACP) have chimed in on the falling price of oil, which both say could have a strong impact on government budgets if production does not increase to compensate, along with reserves.
The Chamber of Representatives took special interest in environmental issues, including the regulations for conservation projects and protected land, while a string of critics hit the press with accusations against the oil industry. These and other stories in our periodic summary of environmental reports.
The director of the DNP Simón Gaviria Muñoz visited Yopal, Casanare to meet with local authorities and deliver a message that the government plans to get to the heart of the regions’ dissent and address royalty compensation.
The national government has issued a decree that sets requirements on local hiring for the hydrocarbons industry, obliging oil companies to hire municipal residents for both skilled and unskilled labor positions.
The legislative bill that bring on the first major changes to the General Royalty System (SGR) since its enactment two years ago has passed its first senate debate.
When last we left Rubiales and Quifa it was a real ‘cliff-hanger’. Rubiales field had issues with produced water and partners Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) had decided to shut down the STAR test at Quifa. A few months later, recently published ANH figures tell us what happened next.
2024, Hydrocarbons Colombia, All Rights Reserved.
