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.
The Colombian Association of Petroleum Engineers (Acipet) and other industry groups asked the Constitutional Court to review the “unconstitutional” nature of popular consultations and spoke about their proposals to assure that locals make better informed decisions.
Foreign direct investment (FDI) has been recovering slightly in recent months. This behavior has increased the government’s expectations about this important metric for this year and the Ministry of Commerce, Industry and Tourism (MinComm) announced its FDI projections for 2018.
The union announced that it will develop regional workshops to prepare the list of requests that will be submitted to Ecopetrol (NYSE: EC).
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