The Colombian Chamber of Oil Goods and Services (Campetrol) warned that recent attacks have targeted oil companies in Caquetá and Putumayo, departments where the Transition Zones of Normalization (ZVTN) are located, and will be used to concentrate the Farc, intensifying its tone against the presence of these camps near oil projects.
Colombia and Peru have received more interest from foreign investors as traditional markets like Brazil and Mexico have been hampered by economic problems. But despite this positive news, Latin America still ranks low as a priority for global investors, according to a recent survey.
The Superintendent of Industry and Commerce has opened an investigation of Ecopetrol (NYSE:EC) and a suppliers association in Meta, based on accusations of forming a cartel to control the production and distribution of construction materials destined for the oil industry.
E&P firm Hocol says that it will drill an exploration well, named “Pegaso”, in the CPO 16 block, located in La Macarena, Meta, near the area where an exploration program of Hupecol caused widespread controversy and a revoked license.
The Ministry of Mines and Energy (MinMinas) has restarted a regionalization program to improve dialogue between the government, industry and communities in five municipalities in Caquetá. This and other Corporate Social Responsibility (CSR) stories in our periodic summary.
A personal reflection the system for distributing royalties from non-renewable resources, to be read (preferably out loud) as a children’s fairy tale with appropriate exaggeration and drama.
Now that all the companies that give us enough data to look at prices have published, we can see how average realized Colombian oil prices performed relative to the two global benchmarks. We also take a look at Vasconia.
The National Agency of Environmental Licenses (ANLA) says that the number of environmental license requests it had received from January to June of 2016 from the hydrocarbons industry has fallen by 47%.
The USO said that it has reached a milestone by affiliating a third of Ecopetrol (NYSE:EC) workers, which according to the union means that its collective bargaining agreement can be applied to all workers of the company.
The president of the Colombian Petroleum Association Francisco José Lloreda has joined calls for the government to take special actions to guarantee that special Farc concentration zones do not put hydrocarbons projects at risk.
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