An offhand comment the other day by a multinational oil company got us thinking once again about the difference between E&P companies that are top-of-mind because they have a lot of production and companies that are top-of-mind because they are responsible for a lot of operations.
With a lackluster result in Mexico’s Round One, the focus now turns to the next four rounds as observers comment on how the first results can be interpreted and impact the rest of the process.
Colombia’s State Council has ruled to support a decision from the Casanare Administrative Tribunal to protect the Tinije Lake area from hydrocarbons exploration and production activities as an environmental reserve, in the area of the LLA-26 block.
It is becoming harder to explain to Colombians why they are supposed to tighten their belts fiscally because of lower crude oil prices but they do not see associated relief at the pump.
At the end of the month Ecopetrol must submit designs for a metropolitan aqueduct that will serve the municipalities of Cúcuta, Villa del Rosario and Los Patios, meanwhile the state oil firm is investing in paving works in Guamal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Political pressure on the regulatory framework to set natural gas prices continues to build uncertainty around the future prospects for the industry, as well as natural gas production and distribution.
The Magdalena River Autonomous Regional Corporation (Cormagdalena) has celebrated the first successful cargo convey on the Magdalena River, from Barranquilla to Barrancabermeja, the first step in recovering the important waterway for logistical use, including transporting hydrocarbons.
Following a flare up of violence at the beginning of the month after riot police intervened to remove protesters blocking the entry of machines for an oil exploration program, Caquetá remains tense and defiant.
There has been a brief flurry of press articles about unconventional technologies in the past three weeks but with low oil prices the industry has not been motivated to defend itself and the balance remains negative.
Monday, July 20th, 2015 was not only the first day of the Farc’s unilateral truce but the last day of Senator David Name’s reign as president of the Colombian Congress. We can hope that the CREG can now get on with setting natural gas prices based on reason and not politics.
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