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.
The president of Colombia’s Congress, Senator Mauricio Lizcano has an ambitious and tight schedule ahead for the remainder of the 2016 legislative season, with several big items on their way including the pending tax reform and the peace agreements between the government and the Farc.
A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.
Pacific Energy (TSX:PEN) posted its third quarter 2016 earnings, the first since its restructuring and the handover of the Rubiales field, showing production of 75,096boed after royalties. The firm highlighted its strategic changes which will mean a focus only on Colombia and Peru.
Ecopetrol (NYSE:EC) will apply a polymer flooding technique developed by its Colombian Petroleum Institute (ICP) to the Chichimene field in Meta, to improve the extraction of heavy crude and increase its secondary recovery rate.
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