Illegal mining and the clearing of lands for grazing has been fingered as a main cause for deforestation, while in Casanare a number of community conflicts are brewing over environmental issues. These and other environmental stories in our periodic summary.
The Colombian Petroleum Association released the results of a study on investment trends and found that the tax reform of 2014 has led to a poor investment climate which has resulted in a 28% fall in CAPEX in 2015 when compared to the year prior, with exploration taking the biggest hit.
After much fanfare the Minister of Mines and Energy Tomás González announced that authorities had reached an agreement with lawmakers and industry delegates from the Caribbean coast that would mean no new price increases for natural gas, to the dismay of gas producers. But now it emerges that the magic formula is in fact, optional.
The USO has taken up a new argument to criticize Ecopetrol (NYSE:EC), now accusing the NOC of weakening safety controls and covering up injuries and fatalities during the modernization process.
Editor’s Note: ACIPET, the association of Colombian petroleum engineers, is an active voice for policy change in the sector. Its recently-appointed Executive Director, Juan Carlos Rodriguez, speaks frequently to the press on what the government is doing right and not doing right.
In our analysis of Ecopetrol’s 3Q15 results we reported that CEO Juan Carlos Echeverry had said the NOC was outperforming its global peers.
Shortfalls in the supply of natural gas and drought due to El Niño weather could mean that thermal electrical generators will have to increase their use of diesel to generate energy, says a report.
A group of eight NGOs present in the Paris Climate Change Summit have called on Latin American countries to prohibit fracking due to its alleged environmental impact and potential role in speeding global warming.
At HCC, we abide by the rule that we should not publish articles that are obvious or have nothing new to say. Around the office we use the rule that the worst possible title for an article would be “Man does not bite dog”. We have published a number of articles on security over the past four months but the last time we published both of our standard graphs was on September 14th. Since then there has been little to say beyond: still few incidents; ELN the only problem. However, with the end of the year approaching, we update the graphs and talk about what has – or has not – happened.
In his annual account rendering the General Controller (CGR) Edgardo Maya Villazón said that cost over-runs associated with the modernization of the Cartagena Refinery (Reficar) are one of his main concerns, and that the entity will soon release a report on its findings so far.
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