A subject of contentious debate, the new royalty system has its share of critics and the director of the National Planning Department (DNP) looked to quell detractors while speaking on the advances of the government during the current administration’s 3 years in office.
Representatives from multiple oil operators, the Interior Ministry and the National Hydrocarbons Agency met with the mayor of San Luís Palenque and local village spokespeople to sign an agreement related to local hiring and road maintenance.
The Secretary of Transit and Transport of the Municipality of Yopal has launched a public service campaign to alert drivers of heavy vehicles to the traffic signs and rules, as the authority says it has received community complaints that these drivers are causing problems on the public roadways.
Colombia’s Ministry of Environment and Sustainable Development (MinAmbiente) responded to the doubts of President Juan Manuel Santos on environmental licensing and the management of the Autonomous Regional Corporation (CAR) in an accountability session and published a summary of its message on its webpage.
The Casanare Comptroller has issued findings from an audit for the fiscal year 2013 and found irregularities across a wide swath of the departmental government’s spending which adds up to some CoP$40.91B (US$22.18M).
In the transition from a state operated monopoly to a mixed scenario with private players Mexico must find ways to be competitive globally and encourage sustained private investment in exploration says Germán Arce, president of Colombia’s National Hydrocarbons Agency (ANH).
Pacfic Rubiales says it is fully behind the work of the Tracking Committee of Royalty Investment (CSIR) as it works to audit and identify the use of royalties generated by oil producers.
Two US based investment firms last week announced the purchase of Vetra, a Colombian oil for an unreleased sum and a local newspaper claims it has the story behind the sale for the 8,243 bd oil and gas producer.
Striking construction workers involved in the Cartagena Refinery expansion project reached an agreement with the contractor in charge of the labor, CB&I to return to their posts and start negotiations this week.
Last week Petrominerales published its 2Q13 and while there was some good news from Brazil and new heavy oil finds, the overall production picture continued its decline. The company produces only about half the crude it did at the beginning of 2011.
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