The Farc announced a new unilateral truce but only after July 20th. Meantime, the total incident count was down again to 32 but guerrilla-initiated incidents (by our methodology) were flat and the 4-week trend continued up.
In the Putumayo department delegates from a number of oil companies will meet to form a committee to better the region’s roadways, while Ecopetrol’s (NYSE:EC) programs in Meta have received attention from local press. These and other stories in our periodic summary of Corporate Social Responsibility (CSR) news.
Pacific Rubiales Energy (TSX:PRE) CEO Ronald Pantin says that the company is on solid financial standing and will be able to pay its long term debts and grow production, despite the collapse of the offer by investment groups Alfa and Harbour Energy.
A collection of research and environmental organizations have launched a new tool and map of Colombia’s continental, coastal and marine ecosystems in order to identify the current state of these environments and monitor their status.
On average, the major Colombian-committed producers improved their performance relative to global indices. The curve shows the average of all the stocks we track (see Methodology Note) adjusted for the average of the TSX Oil and Gas index (TXOI) and the corresponding NYSE index (^XOI) – a proxy for the global performance of oil and gas stocks generally.
The USO said that the arrests of two community leaders in association with protests in the Rubiales field is the latest judicial frame-up by the industry designed to hurt labor union rights in Colombia.
The Minister of Mines and Energy Tomás González says that regardless of who owns Pacific Rubiales (TSX:PRE), the field must be operated properly and responsibly.
The expansion of the Sincelejo to Cartagena gas pipeline being planned by distributor Promigas has received its environmental license, allowing it to grow its capacity from 60mmcfpd to 165mmcfpd
Today, with oil prices 45% below where they were last year, many companies are laying off staff. But when times were good, resources were hard to find. Companies complained that they often were forced to bring in expats – or even hire Colombians at expat rates – because of a lack of local talent.
The Resource Center for Conflict Analysis (Cerac) says that June of this year was the most violent month since the peace process begun three years ago.
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