The Ministry of Mines and Energy (MinMinas) issued a policy statement in which it has promised technical and procedural details on how it will regulate the exploration and production of unconventional resources over the next six months.
Incidents near areas of interest to the oil and gas industry were up this week at 31 above recent and but below long-term averages. We found no non-Armed Forces reported events. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was up at 25.5 and the 52 week average was unchanged at 32.7 incidents per week.
Although the Farc continues to threaten that they will break their unilateral truce if the Armed Forces keep harassing them, this was a quiet week. The overall count decreased to 20 this week, below recent and long-term averages.
Canada’s Pacific Rubiales Energy (TSX:PRE) looked to convince the market that it has a bright future past the looming decline of its flagship and namesake field, Rubiales, and has a plan to cash in on its mid-stream assets to convince a skeptical equity market.
Security and Public OrderIncidents near areas of interest to the oil and gas industry were up this week at 21 still well below recent and long-term averages.
MinMinas released December crude oil production and natural gas consumption figures which allowed the quarterly and annual results to be calculated.
This month has fewer articles so we can devote more space to our first Quick Pulse survey, conducted in late December.
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In 2014, Colombians will elect a new president even if the new president is the present one, Juan Manuel Santos. There are a range of candidates from the far left to the right but President Santos is currently leading the polls.
Incidents near areas of interest to the oil and gas industry were down significantly this week at 16 well below recent and long-term averages. However, non-Armed Forces incidents were about twice the long-term average in percentage terms, about average in absolute terms. This is our indicator of increased guerrilla-initiated activity. Correspondingly our 4-week Moving Average incident count was down at 26.5 and the 52 week average was down slightly but essentially unchanged at 32.8 incidents per week.
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