A 2015 perceptions survey carried out by the Chamber of Oil Goods and Services (Campetrol) showed that almost no service companies could call 2015 a good year, and the association called for immediate action from the government to restart Ecopetrol’s (NYSE:EC) exploration program.
Pacific E&P (TSX:PRE) was the affected operator in another Constitutional Court decision regarding the prior consultation process and an indigenous group in Puerto Gaitán, Meta, which affects the operator’s operations in Quifa.
Images of Farc negotiators in public, accompanied by armed guerrillas in a public plaza in La Guajira for a peace campaign, led to condemnation by the government and a halt in talks. With the urging of the guarantor nations, the impasse was resolved, but the incident demonstrates how fragile the process is at this point.
The Central Bank released Foreign Direct Investment (FDI) figures for January 2016, and the fall was nearly 60% compared to the same period last year, affected by more than just energy and mining.
The National Hydrocarbons Agency (ANH) stepped up its position and said that it will sanction Santa María Petroleum, one of several firms accused of delivering false letters of credit to cover contract guarantees for an E&P contract.
The controversy surrounding the Cartagena Refinery (Reficar) has caused a moment of rare consensus across the political spectrum in Colombia’s congress: From the opposition bank of Senator Alvaro Uribe to the left leaning Polo Democratico and those between, all want to see a special session to grill those involved in the project.
Oil companies in Colombia and beyond are starting to see a “significant” loss of labor talent, says a recently published study on the oil and gas labor market from global recruiter Hays.
The president of the Colombian Petroleum Association Francisco José Lloreda made an urgent call for the government to implement five short term and five structural measures to benefit the oil industry, which he says is a critical source of finances for the public budget.
We came across two profiles of recent executive appointments in Colombia which warranted a bit more attention: the arrival of Andrés Acosta as the new president of ExxonMobil (NYSE:XOM) Colombia, and of Felipe Bayón Pardo as Ecopetrol’s (NYSE:EC) COO.
Ecopetrol (NYSE:EC), Equion, and Parex Resources (TSX:PXT) have all been activie in the Llanos, as the new Governor promises to create a space to facilitate dialogue and reduce social conflict. These and other Corporate Social Responsibility (CSR) stories in our periodic roundup.
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