Much has been said about the formula used to determine monthly gasoline and diesel prices, especially since the fall of international crude prices. But it is becoming clearer that the Brent and WTI have only a small impact in the Ministry of Mines and Energy (MinMinas) calculations.
Following up on actions in 2014, the Ministry of Mines and Energy (MinMinas) has extended a series of workshops to facilitate better relations between regional authorities, companies and communities, choosing Arauca as the first host for the meetings this year.
GeoPark trains high altitude workers on safety procedures, meanwhile Gran Tierra Energy (TSX:GTE) implements a preventative health and safety campaign. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The president of Ecopetrol (NYSE:EC) has been promoting cost cutting programs that will clip CoP$1.4T (US$465.7M) from the company’s operational costs and help it confront the price scenario profitably.
Guerrilla-initiated incidents by both groups went way down this week, but the Armed Forces picked up the slack driving total incidents up to 28.
A local paper published a document from Caquetá professionals in the field of social research who see the region’s unique environmental riches and the impact on the social conflict as the main reasons why the region is not suited for oil production.
Plans to sell smaller and mature fields has received the attention and the rejection of the USO.
The Ministry of Mines and Energy (MinMinas) presented a study, in the presence of President Juan Manuel Santos, which highlights how great things have been for the energy and mining sector over the last five years.
The director of the Colombian Association of Petroleum Engineers (Acipet) Carlos Leal says that the association believes that the employment figures of the hydrocarbons industry are worse than official estimates, and the trend started before the fall in oil prices.
Pacific Rubiales (TSX:PRE) held its production in the second quarter of 2015, reduced its operating costs and grew its netback per barrel, but low oil prices and a decreased sales volume combined for a US$226.4M loss.
2026, Hydrocarbons Colombia, All Rights Reserved.
