The Interior Ministry’s Vice Minister has called for hydrocarbons sector participation in regional development, meanwhile Pacific Rubiales (TSX:PRE) develops an agribusiness collective. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The collapse of oil prices and Colombia-specific challenges meant a very-reduced attendance at the 5th Colombia Oil&Gas Conference in Cartagena. We assume MinMinas Gonzalez appreciated this as he gave the keynote address.
The XVIII Congress of the Colombian Natural Gas Association (Naturgas) has provoked a discussion on the future of the industry, on subsidies, delays in regulations and licensing, and how to prioritize the use of propane or natural gas.
Incident counts were stable at 20 and non-Armed Forces reported incidents decreased by one. The ELN and the Farc continue to attack both soft and hard targets testing the government’s limits.
The USO has added another conflict point to its menu, as some 25 oil transportation workers protested in the Coveñas port against the port services firm Serviport, blocking the boarding of an oil ship.
The former head of the Colombian Petroleum Association Alejandro Martínez says that structural changes are needed to mitigate the impact of the fall in foreign investment in Colombia and foment exploration.
The National Mining Congress included a presentation of the ‘Mining Compass’, a commissioned study that found growing pessimism for the future of the industry, but an improvement in the general public opinion facing this industry.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry gave another interview, emphasizing offshore and clarifing that in the Llanos development remains strong despite cuts in investment.
“Colombia demands proof that their will for peace is real. We do not want more rhetoric” was the emphatic call this week of President Juan Manuel Santos a week after a guerrilla attack left 11 soldiers dead, while critics call for a halt to negotiations.
But the statistical odds are not good given recent history. President Juan Manuel Santos has changed MinMinas every year.
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