The Administrative Department of Science, Technology and Innovation (COLCIENCIAS) and the National Hydrocarbons Agency (ANH) decided to give to Colombian professionals the opportunity to continue training abroad through a contest that supports the human capital of the hydrocarbon sector. We attended the kick off meeting and brought back this report.
Ecopetrol (NYSE:EC) through its subsidiary Ecodiesel, has helped create 10,000 jobs and cleaner biofuels in Barrancabermeja thanks to an alliance with different palm oil firms in the Middle Magdalena.
The historic signing of a ceasefire between the Farc and government of President Juan Manuel Santos has given a boost to public opinion on the peace process.
Forming a dialogue and advocating greater transparency among stake holders involved in the extraction of hydrocarbons is a needed but difficult task in the Colombian countryside.
The USO says that it has formally started negotiations with services firm Weatherford, in which greater union rights and benefits for its affiliates are the issue. The union accused the firm of aggressive tactics against its members.
“With little information and less preparation, the government has already signed 13 contracts to produce oil with these controversial technology”, warns a national publication, and says that fracking is a risky answer to Colombia’s falling reserve count.
The president of the Colombian Petroleum Association Francisco Lloreda warned that in addition to the risk of importing crude in 2022, by next year the country will be forced to import natural gas to cover its demand. Venezuela has also said that it is ready to export gas to Colombia.
Farc commander ‘Timochenko’ said that he has ordered the guerrilla to stop collecting ‘taxes’, or extortion money, due the pending peace agreement. And the wait for a ruling on a plebiscite from the Constitutional Court stays tense.
When oil prices were above US$100 and the money was flowing — the ‘bonanza’ as many publications like to call it — an estimated CoP$57T (US$19B at current exchange rates) flowed into government coffers. Where did this capital get spent?
It has now been three months since Mauricio de la Mora stepped down as the president of the National Hydrocarbons Agency (ANH), complicating any effort by the government to strengthen the oil industry, but the government does not seem in a hurry to replace him.
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