We reported on a MinMinas press release about reserves and quoted their figure of 6.4 years of remaining oil production. But we would have been more correct to ignore the Ministry’s number and say there are at least 8 years of self-sufficiency.
The Energy and Gas Regulation Commission (CREG) has postponed fixing a formula that would define price increases in the supply of natural gas, as the industry calls for authorities to allow a free market.
The total incident count was only up by one to 39 but that was guerrilla-initiated by our methodology so the pressure from the insurgents keeps up.
The Colombian Llanos has been one of Colombia’s top producers, especially in Meta. But with slashed investment budgets the region’s main operators and authorities are adjusting to current oil prices in different ways.
Parex invested CoP$22.7B (US$9M) in sustainability projects in 2014 while Equión promotes farming in Yopal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The Minister of Mines and Energy (MinMinas) Tomás González defended provisions for the mining and oil sector in the National Development Plan (PND) in the Senate’s Fifth Commission, where he and other authorities were questioned on its reach in social and environmental matters.
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