Fracking, consultations on agenda for Colombia's next government
Colombia's next government must prioritize a series of proposed regulatory changes to guarantee the future health of the oil and gas industry, according to mining and energy minister Germán Arce.
Rules related to public consultations, royalties and non-conventional drilling will need addressing when the new government takes office in August, Arce said.
"The [industry's] relationship with communities and a modification of the royalty system to favor producing municipalities will mark the energy mining agenda for the coming years," the outgoing minister said in a statement.
Colombians will choose a successor to President Juan Manuel Santos on May 27, with a runoff vote scheduled for June 17.
Arce said that uncertainty related to public consultations has yet to be resolved.
In addition, he proposed pilot fracking programs in the Magdalena basin to show "communities that it is possible to develop this type of exploration in a sustainable and safe way."
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Colombia)
‘In general terms, Latin America has a favorable investment climate’
BNamericas talks to Milton Cheng, global chair of international law firm Baker McKenzie.
Colombia ramping up gas, coal-fired power as El Niño bites
Average hydroelectric dam levels stood at 70.2% in December, down 4.6 percentage points from the November figure.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block Capachos
- Current stage:
- Updated:
3 weeks ago
- Project: Bloque VSM 37
- Current stage:
- Updated:
3 weeks ago
- Project: VMM 4-2 area
- Current stage:
- Updated:
3 weeks ago
- Project: VIM 10-2 area
- Current stage:
- Updated:
3 weeks ago
- Project: VSM 13-2 area
- Current stage:
- Updated:
3 weeks ago
- Project: VSM 14-1 area
- Current stage:
- Updated:
3 weeks ago
- Project: Expansion of the trunk network and natural gas distribution networks for the rural and urban area of the municipality of Aguazul Casanare
- Current stage:
- Updated:
7 months ago
- Project: Improvement of tertiary roads for the social and economic development of the countryside group 1 department of Valle del Cauca
- Current stage:
- Updated:
7 months ago
- Project: Barrancabermeja Refinery Modernization (PMRB)
- Current stage:
- Updated:
2 months ago
- Project: Block VSM 4
- Current stage:
- Updated:
2 months ago
Other companies in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Atlantic Marine Fuels S.A.S. (Atlantic Marine Fuels)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Montagas S.A. E.S.P. (Montagas)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Chilco Distribuidora de Gas y Energía S.A.S. ESP (Chilco)
-
Chilco Distribuidora de Gas y Energía S.A.S. ESP is a wholly-owned subsidiary of Chilean Empresas Lipigas S.A. and is present in Colombia since 2010. It distributes liquefied ga...
- Company: Inversiones GLP S.A.S. E.S.P. (Vidagas)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Autotanques de Colombia S.A.S. (Autotanques de Colombia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Almagas S.A. E.S.P. (Almagas)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Petroeléctrica de los Llanos Ltda. (PEL)
-
Petroelectrica de los Llanos Ltda. (PEL), is a private company in the electricity sector created under the figure of “Connection Asset” existing in the regulations of the Energy...
- Company: Grupo Empresarial Bravo (Grupo Bravo Petroleum Logistics)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: 7 Seas Energy S.A.S. (Seven Seas Energy)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
