The Minister of Labor Clara Lopez was again on the trail in Colombia’s regions denouncing the labor losses of the oil industry and effects for local economies, while an issue in Huila on disabled workers has received greater attention after a Senator intervenes.
Canacol Energy (TSX:CNE) said that its second quarter 2016 production and revenues have set a corporate record as it posted double digit growth and consolidated its offer of natural gas.
This is a very bleak vision by the academic organization that is responsible for “disseminating knowledge on earth sciences and demystifying the production of oil as a hazardous activity”.
A few weeks ago we showed a graph that tried to show where the post-conflict opportunities might be at the department level. This week we look at basins and, within basins, at companies.
In light of the reopening of the Venezuela-Colombia border, the Minister of Finance (MinHacienda) Mauricio Cárdenas said that more must be done in Venezuela to prevent the entry of contraband fuel, which brings negative social consequences.
The USO called for its members and allies to vote “yes” in an eventual plebiscite of the peace agreements between the government and the Farc, which it said will allow the “start of building peace with social justice”.
Putumayo oil operators have denounced the presence of new blockades being carried out by unidentified individuals near one of the Farc concentration zones, raising fresh concerns that these areas could represent a threat to the oil industry.
Pacific E&P published its second quarter 2016 results, which saw a decrease in production and revenues as the firm’s future awaits its ongoing restructuring process. These results marked its last quarterly report that will include the Rubiales field.
The outgoing president of the Colombian Natural Gas Association (Naturgas) Eduardo Pizano warned that a series of changes that the Energy and Gas Regulation Commission (CREG) has made to distrubtion regulation will halt investment. He also gave details on the reasons for his departure from the entity.
The Colombian Chamber of Oil Goods and Services (Campetrol) expressed its concerns that concentration zones designed to house Farc members include a number of oil producing municipalities, even though the government has said it would avoid parks, mining operations, borders or indigenous zones.
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