Vice Minister of Energy Orlando Cabrales took the government’s opinion on fracking to the press in a column, defending the practice as necessary to maintain production and in turn development.
The first unconventional project to use fracking techniques has only recently been approved by the National Hydrocarbons Agency, but anti-oil advocates already have a lineup of activities to spread their message.
The Ministry of Mines and Energy announced a small increase in fuel prices for the month of September, while more pressure mounts from political sectors to drop prices.
The impact of attacks on oil infrastructure and community conflict has left daily oil production below the government’s targets, and financial entities, including the Finance Ministry (MinHacienda) and the Central Bank are warning on a new fiscal scenario as oil brings less to the State budget.
Puerto Gaitán becomes an unlikely supporter of the General Royalty System (SGR) while Casanare holds an OCAD to approve new royalty projects.
The era of easy discoveries of oil is over declares Colombia’s main business paper, and while offshore and unconventional resources could be the source of the next big find, they bring more challenges and needs more investment.
2025, Hydrocarbons Colombia, All Rights Reserved.
