The Meta governor Alan Jara says he has told the national government that the OCAD controlling bodies which approve royalty projects “continue to be a disaster and a centralist and inefficient model”.
A few weeks ago we used some Campetrol data to look at trends in what rigs were doing and where they were doing it. This graph looks at the structure of the industry in terms of the number of rigs per company to see what the implications might be for a sector under severe economic pressure.
Chinese-Indian oil firm Mansarovar has received new found attention after a small number of its USO affiliated workers announced a strike, which the company rejects as unnecessary. The conflict has caused the firm to talk to the local press, giving us a rare glimpse.
Rumors swirl that formal talks between the ELN guerrilla and the government are getting closer, but the group still lashed out this week and killed two soldiers. Ecuador says it can host these discussions.
Delegates from the Interior Ministry (MinInterior) left the comforts of Bogotá behind to meet with local authorities and members of the oil industry in Middle Magadalena as part of a plan to develop a strategy to confront social conflict, and also gave attention to contraband fuel on the border with Venezuela.
Rumors swirl that formal talks between the ELN guerrilla and the government are getting closer, but the group still lashed out this week and killed two soldiers. Ecuador says it can host these discussions.
In Monterrey, commitments to build a new hospital go unfulfilled, meanwhile Ecopetrol (NYSE:EC) supports small farmers in Villavicencio. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Ecopetrol’s (NYSE:EC) proven reserves could feel the impact of the fall in oil prices when they are updated next year, since some of its projects and gains from more costly secondary recovery techniques could be discounted as they would no longer be profitable.
The Ministry of Environment (MinAmbiente) held its account rendering session for the year, and defined ambitious goals for reductions in greenhouse gases and expanding the amount of protected areas in Colombia, among other initiatives.
Changes proposed by the Energy & Gas Regulation Commission (CREG) that would reduce payments from the “reliability charges” to thermal generators were rejected by this industry and now the companies have stepped up their protests, saying it puts the country at risk of blackouts and could be illegal.
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