The Minister of Environment (MinAmbiente) Gabriel Vallejo has signed off on a decree that authorizes an expedited licensing process as promised by President Juan Manuel Santos, but which has stoked push-back from environmentalists.
While authorities say all is well, some industry players say that the increase in demand for natural gas –some 57.2% between 2009-2014- is already creating shortfalls in supply that could lead to rationing.
The direct negotiation phase of collective bargaining between Ecodiesel and the USO ended last week and workers will vote on Tuesday, October 14 whether to strike or not.
The Attorney General Eduardo Montealegre ignited controversy and rejection from the government this week after telling a forum that the authorities should close judicial cases against guerrilla members and not press for jail time.
Ecopetrol’s (NYSE:EC) new regional vice president Francy Ramírez Arroyave has taken her post and looks to strengthen the company’s regional presence and autonomy, while at the same time staying aligned with larger corporate objectives like growing overall production.
As the US approaches self-sufficiency, the need for Colombia oil imports diminishes somewhat. A concern but not yet a problem.
Carlos Eraso has officially taken the post of Vice Minister of Energy, following the ratification of María Isabel Ulloa as the Vice Minister of Mining a week ago, completing the Ministry of Mines and Energy (MinMinas) new structure under Tómas González.
Add biofuels refining to the list of problems that Ecopetrol (NYSE:EC) has racked up, with a planned plant facing a familiar trend of labor issues, overrun budgets, and delays.
The Biennial General Royalties System (SGR) budget for 2015-16 has been presented, contemplating CoP$18.27T (US$8.97B) for 2015-16 for investments and savings. While the amount has increased, it depends on meeting tough production goals, and has left producing regions feeling shortchanged.
After rising two weeks in a row, articles on fracking or unconventional hydrocarbons fell last week. Positive articles exactly balanced negative ones.
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