The Labor Minister Luis Eduardo Garzón said that the increase in guerrilla attacks over the last month, coupled with low oil prices could lead to a loss of between 8-10,000 jobs in the oil industry.
The USO continues to milk the uncertainty surrounding Pacific Rubiales (TSX:PRE) and the future of the Rubiales field and push for it to be reverted to Ecopetrol (NYSE:EC) control.
Odin Petroil, which owns a biofuels refinery in Santa Marta, Magdalena is going through a restructuring process, and now has two competing offers to consider for use of the refinery including a recent one from Brazilian NOC Petrobras (NYSE:PBR).
This article by contributor León Teicher first appeared in Colombia’s national business newspaper, Portafolio. We think it perfectly captures the frustration most of us feel over the asymmetry between environmental management of major companies and the environmental damage by traditional agriculture or, as in this case, by the guerrilla.
The Farc announced the end of their unilateral truce on the 22nd of May and another one will start on July 20th. In between has been one of the more intense periods of violence in recent memory with a significant amount of the incidents directed specifically at oil and as infrastructure.
Awaking from an apparent slumber, President Juan Manuel Santos issued his clearest message to the Farc that no agreement can be made without transitional justice.
We have frequently noted the disconnect between the official statistics on gas demand (as shown in the chart) and the qualitative evidence of increased domestic gas coverage and vehicle conversions.
The Minister of Mines and Energy Tomás González took to his quill and scroll to pen an opinion column where he defends the strategic importance of the oil industry for Colombia’s pubic finances, its fight against poverty and transition to peace. But to do so production must stay high.
Bad week for Mexican President Enrique Peña Nieto: a top crime boss escapes from prison in spectacular fashion and the much vaunted Round 1 (shallow water) auction was a spectacular failure. We publish the results and make commentaries on what this means for Mexico, Colombia and the region.
As Ecopetrol (NYSE: EC) finished cleaning up the aftermath of a Farc attack, Cormacarena and others denounce the Farc’s irreparable damage to the environment. These and other environmental stories in our periodic summary.
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