Some 80 families have been affected by the oil spill in Puerto Asís while the head of the ELN released a video lecturing children on protecting water. These and other environmental stories in our periodic summary.
We reported on a MinMinas press release about reserves and quoted their figure of 6.4 years of remaining oil production. But we would have been more correct to ignore the Ministry’s number and say there are at least 8 years of self-sufficiency.
The Energy and Gas Regulation Commission (CREG) has postponed fixing a formula that would define price increases in the supply of natural gas, as the industry calls for authorities to allow a free market.
The total incident count was only up by one to 39 but that was guerrilla-initiated by our methodology so the pressure from the insurgents keeps up.
The Colombian Llanos has been one of Colombia’s top producers, especially in Meta. But with slashed investment budgets the region’s main operators and authorities are adjusting to current oil prices in different ways.
Parex invested CoP$22.7B (US$9M) in sustainability projects in 2014 while Equión promotes farming in Yopal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The Minister of Mines and Energy (MinMinas) Tomás González defended provisions for the mining and oil sector in the National Development Plan (PND) in the Senate’s Fifth Commission, where he and other authorities were questioned on its reach in social and environmental matters.
With its change in strategy Ecopetrol (NYSE:EC) must become a “more international –Panamerican- and definitely more profitable”, especially to log new reserves says its president Juan Carlos Echeverry.
Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) are the only Colombia focused operators participating in the historic bidding round that will open the Mexican oil industry to private capital, which has advanced to the next stage.
The USO released a statement denouncing the recent violence between the Farc and the Colombian army and called for an immediate bilateral truce
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