Fracking has been “demonized”, says ACP chief

Communities and CSRThe warnings which have emerged against fracking and unconventional production are without merit and have demonized the technique in Colombia, even though it is an opportunity to ensure energy self-sufficiency in Colombia, said Francisco Lloreda, president of the Colombian Petroleum Association. » Read More

The “New Economy” is actually a complement to oil

Regulation and PolicyThe brave new “New Economy” of Colombia based on tourism and agriculture should be thought of as a complement to the oil economy, but does not replace it said the Finance Minister (MinHacienda) Mauricio Cárdenas, marking a more modest view of his economic plan. » Read More

PRE gets approval for Catalyst restructuring deal

Company NewsPacific E&P said that the Ontario Superior Court has approved the company’s restructuring deal, after its board of directors opted to remain committed to an agreement with Catalyst Capital to restructure the firm and its outstanding debt, despite a last minute counter offer. » Read More

Peace Process: The Final Agreement

Security and Public OrderGovernment negotiators have reached a final agreement with the Farc this week, closing a three year long process to produce this final accord in talks in Havana. Now the agreement awaits an uncertain and critical plebiscite on October 2nd. » Read More

Campetrol warns attacks near camps now frequent

Security and Public OrderThe Colombian Chamber of Oil Goods and Services (Campetrol) warned that recent attacks have targeted oil companies in Caquetá and Putumayo, departments where the Transition Zones of Normalization (ZVTN) are located, and will be used to concentrate the Farc, intensifying its tone against the presence of these camps near oil projects. » Read More

MinMinas, Controller clash on spending

Regulation and PolicyThe General Controller has warned certain ministries are not effectively executing their assigned budget, including the Ministry of Mines and Energy (MinMinas), a claim which the ministry denied.  » Read More

ANLA director addresses congress

EnvironmentThe director of the National Agency of Environmental Licenses (ANLA) addressed the Chamber of Representative’s Second Commission and laid out the mission of the entity and its role in the government. » Read More

Royalty Summary: MinMinas details production incentives

Communities and CSRThe Ministry of Mines and Energy (MinMinas) has injected a total of CoP$59.9B (US$20.5M) into projects in 69 municipalities through its production incentive program, which awards regions for meeting production goals in 2015. This and other royalty related stories in our periodic summary. » Read More