The National Planning Department is threatening to cut of royalty payments to municipal and departmental entities who received royalties for projects in 2013 but that have not yet filed a transparency report that details how the money was spent.
The National Hydrocarbons Agency (ANH) has published the draft reference documents and other supporting material for the upcoming Colombia 2014 Round where it looks to assign up to 97 E&P blocks.
Last weekend the Arauca Department suffered a number of attacks on public roadways and oil infrastructure after an uptick in activity from insurgent groups operating in the area.
Pacific Rubiales reported its 2013 Colombian 2P reserves which increased 97mmboe or 22%. The graph shows the Petrominerales acquisition was critical to this, contributing 89 of the 97mmboe.
Colombia’s Council of State has ruled that a municipal public referendum involving Colombian subsoil exceeds the power of that entity, after Ecopetrol (NYSE:EC) challenged a decision by a Casanare tribunal to accept a referendum from the Monterrey municipality.
The continued conflicts in the municipality of Acacias and Castilla La Nueva have led to blockades, riots with police and now Ecopetrol (NYSE:EC) has terminated 45 contracts associated with projects in the area.
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