The USO took the time the last week to participate in a forum against a planned tax reform for this year, and argued that it will harm the finances of Colombia’s workers.
Ecopetrol (NYSE:EC) third quarter 2016 oil and gas production showed a slight dip causing revenues to fall, and the firm said higher taxes cut into its profit. The firm expects to counteract falling production by new drilling, and has its sights set on exploration for 2017.
The Minister of Mines and Energy German Arce told his home department of Valle de Cauca that the government is clearing the path for a Pacific regasification plant in Buenaventura, but also could be creating a future conflict by insisting it would “be like having a Cusiana field” in the area.
The Ecuador Heavy Crude Oil Pipeline (OCP Ecuador) has reached its goal of transporting 10mmbl of Colombian oil.
Government negotiators announced a new revised agreement with the Farc last weekend which they say has taken into account 80% of the points sent by ‘no’ supporters, and insisted that there is no more room to negotiate the final agreement.
The University of Los Andes and the Law-Firm Palacios Abogados organized a seminar about legal security and community conflict in the mining industry. Some topics discussed at the event are like those in the hydrocarbons sector; we bring a brief summary of the meeting.
The Gazprom Group arrived last year in Colombia and by 2017 hopes to increase its presence in the country, expanding to eight cities.
The political magazine Semana organized a forum called “Restitution transforms lives and builds peace” in Bogotá. HCC was present at the event; we bring a brief summary of the meeting.
Canacol Energy (TSX:CNE) said that it hit record production and revenues not seen since before the fall of oil prices, but relinquished fields combined for a non-cash impairment charge which brought its first quarterly loss in 2016.
Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.
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