Ecopetrol (NYSE:EC), Equion, and Parex Resources (TSX:PXT) have all been activie in the Llanos, as the new Governor promises to create a space to facilitate dialogue and reduce social conflict. These and other Corporate Social Responsibility (CSR) stories in our periodic roundup.
Services firm Halliburton (NYSE:HAL) had selected a plot of land to build a waste treatment center, but recent zoning changes could put it at risk, despite having received a warm welcome from municipal authorities.
The Ministry of Mines and Energy (MinMinas) has received a US$30M loan to improve its management of the sector, royalty control and the information available on the country’s subsoil, while the Finance Ministry received another loan to improve the Controller’s role in Colombia.
The Energy and Gas Regulation Commission (CREG) is charged with regulating the industries with the closest impact on the average consumer, electricity and natural gas, and the markets which supply these services.
No we are not going to give the inside scoop on who is buying whom. If we had that information (reliably) we would not be publishing a newsletter.
Guerrilla-initiated incidents maintained last week’s level (although two were away from oil and gas infrastructure) but the Armed Forces increased their activities in 50%, stepping up the intensity between them and the ELN.
The USO said that it has aligned with other social and political organizations for a “Grand National Civic Strike” on March 17.
Development wells may be dropping but large companies with mature fields are turning to ‘intelligent wells’ to maintain production and reserves.
Ecopetrol (NYSE:EC) says that the fall in oil prices has forced it to suspend wells temporarily in the Caño Sur field, in Puerto Gaitán, Meta. A local operations manager said it has already filed the request with the National Hydrocarbons Agency (ANH).
Local authorities, unión leaders and sympathetic lawmakers have convened to call on the national government to declare a state of economic emergency in Barrancabermeja and to write a strategic Conpes document, looking at Ecopetrol (NYSE:EC) to compensate for canceling its plan to modernize the local refinery.
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