The Impala river port in Barranquilla could be as ready as early as the end of January, as the company says it has met its obligations with the local community and even exceeded them. But a lower water level on the Magdalena River could be an issue as the port gets started.
The National Hydrocarbons Agency (ANH) says it is reviewing its options to protect Colombia’s oil industry against the fall of the price of oil, and will review consultant proposals on January 27.
GasThe number of Natural Gas Vehicles (NGV) in Colombia continues to grow, and now accounts for 2.5% of the global total of just under 20 million vehicles that run on natural gas.
The low price of oil could be an opportunity for Ecopetrol (NYSE:EC) to take advantage of smaller companies struggling with their cash flow and financial obligations and grow their proven reserves through acquisitions, argues a columnist.
Pacific Rubiales (TSX:PRE) continues to take a hit with investors, accumulating nearly a 50% drop on the TSX over the last month, with investors punishing the stock simultaneously with a company announcement last week that it would put exploration on hold to focus on production in 2015.
When last we left the Fracker Tracker in early-December, the Net Promoter Score (NPS) was near an all-time high. But over the holidays while MinMinas and the National Hydrocarbons Agency (ANH) were enjoying vacation, the environmentalists grabbed the column inches and the NPS tracker is now at an all-time low.
The geographic band from Cauca through Huila and into southern Meta and northern Caqueta continues to be a concern. The overall count increased to 24 this week, below the long-term average but above recent averages.
Ecopetrol (NYSE:EC) says that it has held workshops to train local leaders and residents in 332 municipalities on how to adequately react to an emergency, a program that is now in its third year.
The use of US Dollars as a reference for biofuels has meant a substantial increase in the cost of these fuels, raising doubts as to whether increasing the mixture of biofuels in diesels or gasoline is an economically sound decision.
As it promised in its summary of priorities for 2015, the USO has taken a stronger tone against US oil services firm Halliburton (NYSE:HAL), accusing the Company of targeting unionized workers and indiscriminate firings.
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