A local executive from Venezuela’s NOC PDVSA has said the firm will not extend a bilateral contract to procure Colombian gas, freeing up production for internal use, and forming another element beyond a market liberalization that should push gas prices down.
GasThe Colombian association of Natural Gas (Naturgas) is holding its second business roundtable in an effort to bring the sector up to date on the latest developments and promote new business and alliances.
More details emerged on the acquisition deal for Pacific Rubiales (TSX:PRE) to take over Petrominerales (TSX:PMG), as the companies published the information hours before the securities regulator Superfianciera ordered them to do so in a press statement.
The mayor’s office of Yopal has scheduled a meeting with 10 area village leaders to discuss roadway needs in areas close to oil production sites in the municipality.
Ecopetrol (NYSE:EC) had made offers to buy two shipments of gasoline and two of nafta for dilution, which should arrive in November.
Ecopetrol (NYSE:EC) partnered with the environmental organization, The Humboldt Institute, for a study of the biodiversity found in 26 million hectares, analyzing 2000 different species, in areas where the NOC is operating.
GeoPark, Equion, the OBL, OBC and Raven have all made the local news for Corporate Social Responsibility (CSR) projects in oil production regions.
Casanare congressional representative Camilo Andrés Abril has called on figures in the central government to a debate on the impact of oil production in the department, alleging that very few operators are keeping promises with the local community and environment and that the government is doing little about it.
Following a meeting in Geneva, Switzerland, the USO claimed solid advances in two claims against the Colombian government and oil producers that it presented last year to the International Labor Organization (ILO).
The Colombian government’s long awaited draft decree on unconventional hydrocarbons was published last Thursday and companies will have until October 29th to comment.
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