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Reficar Update: Congress plans sessions

The controversy surrounding the Cartagena Refinery (Reficar) has caused a moment of rare consensus across the political spectrum in Colombia’s congress: From the opposition bank of Senator Alvaro Uribe to the left leaning Polo Democratico and those between, all want to see a special session to grill those involved in the project.

Wednesday, February 24th, 2016
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Price crisis starting to drain oil talent, says survey

Oil companies in Colombia and beyond are starting to see a “significant” loss of labor talent, says a recently published study on the oil and gas labor market from global recruiter Hays.

Wednesday, February 24th, 2016
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ACP’s Lloreda makes urgent call for intervention

The president of the Colombian Petroleum Association Francisco José Lloreda made an urgent call for the government to implement five short term and five structural measures to benefit the oil industry, which he says is a critical source of finances for the public budget.

Tuesday, February 23rd, 2016
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New executive profiles

We came across two profiles of recent executive appointments in Colombia which warranted a bit more attention: the arrival of Andrés Acosta as the new president of ExxonMobil (NYSE:XOM) Colombia, and of Felipe Bayón Pardo as Ecopetrol’s (NYSE:EC) COO.

Tuesday, February 23rd, 2016
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CSR Summary: Improving Casanare

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.

Tuesday, February 23rd, 2016
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Zoning laws risking Halliburton plant in Meta

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.

Monday, February 22nd, 2016
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IDB grants institutional loans for oil/mining sector

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.

Monday, February 22nd, 2016
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Can we expect more from CREG in 2016?

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.

Monday, February 22nd, 2016
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Consolidation in the Colombian E&P Industry

Consolidation in the Colombian E&P Industry

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.

Monday, February 22nd, 2016
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The Armed Forces strike back

The Armed Forces strike back

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.

Monday, February 22nd, 2016
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