Community conflict and blockades have been a recurring problem over the last two years, but in 2015 the number of blockades has spiked considerably.
Unconventional production might be a solid pillar of the government’s strategy to grow reserves, despite reservations from environmentalists. But fracking’s biggest opposition comes from the low price of oil.
The USO says it had nothing to do with a recent attack at the Rubiales and Quifa fields that left infrastructure damaged and vehicles burned, and called for a peaceful dialogue.
The Senate’s Fifth Commission held a six hour debate that included ministers and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry, but failed to reach any conclusions.
With a light recovery in oil prices over the last week and a weaker dollar, there has been plenty of speculation over where the price of oil will end up in the next two years. Also in Casanare, authorities say royalties have fallen more than 80% due to the oil price crisis. These and other stories in our periodic roundup.
India’s Oil and Gas Minister Dharmendra Pradhan made a visit to Colombia as part of a strategy to increase its imports from Latin America, opening the possibility of building a cutting edge refinery to help guarantee its supply.
GasVenezuelan NOC PDVSA may be finally ready to reverse the flow of gas and export to Colombia in January 2016. Take it with a Bolivarian grain of salt.
Showcased as one of the strategies to mitigate the impact of the fall in oil prices on producing regions, oil firms, in conjunction with the Canadian government, have invested in seven initiatives that generate opportunities for the agribusiness worth a total of US$76.2M.
President Juan Manuel Santos shook up his team with a clear eye on the peace talks in Havana, bringing in the current ambassador to the US Luis Carlos Villegas, who will replace Juan Carlos Pinzón as the Defense Minister. Meanwhile, Pinzón will take Villegas’ place as the US ambassador.
Ecopetrol’s (NYSE:EC) transport and logistics spin off Cenit saw an increase in its transported volume in 2014 despite standing out as one of the guerrilla’s favorite targets in the same year.