Incidents near areas of interest to the oil and gas industry were up sharply at 45 above recent and long-term averages. Non-Armed Forces-reported incidents were above average both in percentage and absolute terms. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was up at 37.5 and the 52 week average was also up slightly at 31.2 incidents per week.
Lately Ecopetrol has received much criticism for the slowness of refinery upgrades in Cartagena and Barrancabermeja. The harder question may be why it is investing at all in this business.
The Inspector General’s (IG) office and the Ministry of Mines and Energy (MinMinas) have halted the awarding of a contract to a consortium led by Promigas to build a regasification plant.
Colombia’s Inspector General (IG) weighed in on the growing list of municipalities that are planning public referendums to approve or reject the extraction of hydrocarbons or minerals in surrounding areas, saying that the use of these resources does not pertain to them.
The Farc’s southern block, considered the more extreme faction within the guerrilla, now has a presence at the negotiating table in Havana through the arrival of Fabián Ramírez.
Colombian senator Jaíme Durán of the Liberal party has called on the leadership of Ecopetrol (NYSE:EC) to explain to the country in detail why the Barrancabermeja project continues to suffer delays.
Mansarovar Energy has abandoned a seismic exploration project near the Villavicencio municipality after opposition from local authorities and community members.
The Colombian Security Council (CCS) says that its Uniform Contractor Registry (RUC) has contributed to a drop in accident over the last two years and also in the severity of the accidents.
Authorities are considering registering two additional properties as nature reserves, one of which specifically to counteract the possibility of more seismic exploration and exploratory drilling, citing the impact on water resources.
Increases in the WTI oil price and a general trend towards a stronger dollar against the Colombian peso amounts to an increase in gasoline prices this month. Although the government no doubt did what it could to keep them down as the election season heats up.
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