“What is signed in Havana will be subject to a plebiscite, whether the Farc likes it or not”, said President Juan Manuel Santos in reaction to an open letter from the guerrilla that it would not be the adequate legal or constitutional instrument.
Ecopetrol (NYSE:EC) has made a push in local press to justify its adjustments to contract values as a measure to protect employment and the value of the company in oil producing regions, but says that communities must work with it to do so.
The Chamber of Energy Goods and Services (Campetrol) published an analysis in which it found that calculations of Colombia’s reserve life are much lower due to the fall in oil prices, and do not even extend for five years.
The president of the Colombian Petroleum Association (ACP) Francisco Lloreda talked about the impact that the fall of oil prices has had on Colombia’s producing regions in a long interview, and urged the government to do more to incentivize exploration and lower the fiscal load on companies.
Alarms from environmental groups in Casanare has put a seismic campaign planned by Canacol Energy (TSX:CNE) into a firestorm of controversy over a permit to extract water from the Cravo Sur River.
Regional leaders are looking to Ecopetrol (NYSE:EC) to counter cuts in spending on local goods and services and Corporate Social Responsibility (CSR) programs, both of which have been hard hit by the fall in oil prices. These and other CSR-related stories in our periodic summary.
The controversy surrounding the soaring costs to modernize the Cartagena Refinery (Reficar) has hit new heights (or are they lows?), with control bodies promising to investigate former management, presidents accusing presidents and much more.
Parex Resources (TSX:PXT) reported its 2P reserve assessment for 2015, and said that it grew its proved plus probable reserves by 19% year-over-year, to log net 2P reserves of 81.7Mmboe as of December 31, 2015.
Pacific E&P’s management said in a recent interview that it is in strategic talks to find a long term solution to its debt payments, and that its robust operational portfolio could facilitate this discussion, but did not give more specifics.
The USO says that direct negotiation with services-firm Halliburton (NYSE:HAL) has not produced an agreement, and called on its members and all other workers to vote for a strike.
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