Deputy Minister of Mines and Energy, Carlos Cante, is currently in Oslo (Norway) participating in the Extractive Industries Transparency Initiative (EITI) summit.
Social unrest has increased substantially in different oil fields. Some companies have reported blockades and attacks against their infrastructure and workers, and USO spoke about the situation.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about oil prices, production targets and other industry metrics for this year.
Ecopetrol (NYSE: ECP) is facing a difficult situation in southern Meta as a result of social protests. The hooded protestors say they want more local contracting and the company responded to these demands.
The Ministry of Mines and Energy (MinMinas) spoke about its alliance with the Colombian office of the United Nations Development Program (UNDP), to improve the industry-communities relationship.
Social conflict directed against the oil industry in Colombia is causing headaches this year. Parex Resources Ltda (TSX: PXT) reported problems in one of its blocks in the department of Casanare.
The firm began to gradually reactivate production activities in its Castilla, Chichimene and CPO9 fields, which had to be turned off due to sabotage and violence against its workers and infrastructure in Meta.
Juan José Echavarría, Manager of Colombia’s Central Bank (Banrep), spoke about Colombia’s management in oil bonanzas and its consequences in times of low prices.
The National Planning Department (DNP) announced some of the projects that were pre-selected for the ‘Well Invested Royalties Award,’ aimed at promoting the good use of resources from the General Royalty System (SGR). These and other stories in our periodic Royalties summary.
Ecopetrol (NYSE: ECP) took a radical decision in some of its most important blocks in the department of Meta, since violence is preventing operations in these areas.
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