The Minister of Mines and Energy Tomás González led a string of visits and inaugurations which highlighted royalty funded projects in a “Royalty Marathon”, while President Juan Manuel Santos addressed the press and said that royalties are no longer a synonym for corruption.
The director of the Energy and Gas Regulation Commission (CREG) Jorge Pinto Nolla defended the regulatory structure around the natural gas industry in an interview, and said that consumers will not suffer price hikes in their energy bill, nor will the industry be left without the essential fuel.
The Farc commander Rodrigo Londoño, alias ‘Timochenko’ has accepted a government proposal to form a special conclave in Havana in order to advance the talks at a quicker pace. The guerrilla has also proposed establishing a special peace district to concentrate their members in the transition period.
A report reveals that of Colombia’s productive sectors, energy and agriculture are neck-and-neck over who produces the most emissions, meanwhile Ecopetrol and Pacific invest in conservation initiatives. These and other environmental stories in our periodic summary.
Thousands of Colombians invested their savings in Ecopetrol (NYSE:EC) following its market debut in 2007. Those that did not sell off at its peak have been left to watch their investment’s value shrink, and in early November the NOC’s stock fell below its IPO value on the Bogotá exchange. What options do these small investors have to recovery their lost value?
The Minister of Mines and Energy Tomas González and business representatives grouped under the National Business Owners Association (ANDI) in the Caribbean coast have agreed to review the formula and increase in natural gas rates that had been planned for November 30, 2015. It is not the first time that MinMinas has balked on price adjustments due to political outcry.
In an effort to bridge the gap between communities in oil producing regions, the industry and the national government, the National Hydrocarbons Agency (ANH) held a special event called the Knowledge Fair for the Hydrocarbons Territorial Strategy (ETH).
Ecopetrol (NYSE: EC) wins international MAKE award, meanwhile the state oil firm built three new educational centers in Nariño. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
GasThe conflict over natural gas prices on the Caribbean coast took a new turn when Senator Jose Name said he would lead a charge among Caribbean congressional leaders to vote against an eventual peace accord if the government does not ‘resolve’ gas rate hikes.
The former Vice-Minister and of Energy and former president of the National Hydrocarbons Agency (ANH) Orlando Cabrales has spent less time in public eye since leaving his post last year, but recently penned a critical article on the factors that have led Colombia to a shortage of natural gas.