The toll of the latest Farc offensive, one with grave environmental consequences, has shown itself in a recent Gallup poll which found that 46% of Colombians support a military-led approach to defeating the Farc, one percentage point above those who favor negotiations.
Nothing seems to be 100% sure in the natural gas industry. Will a recent call for comments from the Ministry of Mines and Energy (MinMinas) on a planned resolution regarding planning for future gas consumption trends help clear things up?
The Minister of Mines and Energy Tomás González formally presented 10 measures designed to improve the competitiveness of the mining and hydrocarbons industry, pointing to their strategic role in the Colombian economy.
The Energy and Gas Regulation Commission (CREG) has approved a change that allows Ecopetrol (NYSE:EC) to fix propane cylinder prices based on the internal price of natural gas, a move which the propane distribution association Gasnova says will hurt Colombia’s poorest.
The Farc has already stolen 148,000 barrels of oil this year by using illegal valves, meanwhile Cormacarena has established an environmental preservation plan for part of north Macarena. These and other environmental stories in our periodic summary.
Both gasoline and diesel prices will see a small increase in July, as observers speculate whether the entry of the Cartagena Refinery (Reficar) could translate into significant savings for consumers in the beginning of 2016.
The contraband market for producing and distributing propane is costing the formal industry millions a year and exposing consumers to undue risk, warned Evamaría Uribe, the president of the propane distribution association Gasnova.
Whether talking about the Cartagena Refinery (Reficar) or a planned ethanol plant of its affiliate Bioenergy, Ecopetrol (NYSE:EC) has shown a pattern of failing to keep its costs under control for large scale projects.
Gran Tierra Energy (TSX:GTE) said it has increased its 2015 Capex program by US$45M to US$185M for the year as part of a plan to accelerate development drilling in the Moqueta and Costayaco fields in the Putumayo Basin.
A press conference organized to show the advances of the Energy Oil & Gas Services Cluster of Orinoquia in conjunction with the Casanare Chamber of Commerce (CC) brought out some dire figures which show how hard the oil price crisis has hit Colombia’s regions.
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