Parex Resources (TSX:PXT) and Cepcolsa are working with local suppliers in Aguazul in an initiative led by a Casanare assembly representative, while Ecopetrol (NYSE:EC) also signs four agreements for Corporate Social Responsibility (CSR) projects in Casanare. These and other stories in our periodic summary.
Considering that production is up over 3.5% so far this year but crude oil prices are way down, we decide to see how total industry revenues might be tracking.
The Transport Ministry’s Intermodal Master Transport Plan looks to consolidate the transport and logistical infrastructure in Colombia, and held its third socialization ahead of its next national meeting in August of this year.
The National Planning Department (DNP) says that it will dip into resources from the Regional Development and Stabilization Fund and use past surpluses so that the 2015-16 royalty budget can be implemented despite a CoP$6T gap in funding due to the fall in world oil prices.
The Colombia-Canada Chamber of Commerce (CCCC) is a protagonist in the oil and gas industry, considering the importance of Canadian investors in the sector.
The total incident count was down again to 33 but guerrilla-initiated incidents (by our methodology) were up by 2 and the 4-week trend continued up.
The USO takes credit for averting “mass lay offs” in Pacific Rubiales (TSX:PRE) after organizing protests in the Rubiales area.
After nearly two months of blockades in Caquetá over an exploration project by Emerald Energy, tensions have elevated the conflict to a new high after riot police cleared protesters by force last week.
It is only a commitment to study the issue, but the Colombian government finally seems to admit there is a problem with the tax system that inhibits investment in exploration and development.
For us, last week was the last of the quarter because we use Friday closing prices for our tracking. Traders feared the impact on demand of a ‘Grexit’ and Baker Hughes North American rig counts finished higher for the first time in this year.
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