The 2014-2018 collective bargaining agreement took 40 days of formal negotiation and 15 days to write, and has not yet been in effect for around two weeks, but already conflicts are brewing between Ecopetrol (NYSE:EC) and its largest union the USO.
The 28th round of talks finished at the end of last week, while a national forum for victims included commentary from Colombians displaced by the conflict and living around the world.
Readers will have noticed a number of articles this week and last week on fracking. We decided to keep track of the number of articles we have found and whether they are positive or negative.
The Minister of Environment Gabriel Vallejo gave one of his longest interviews yet, defended the government’s plan to allow fracking, and countered critics that questioned his environmental credentials in the ministerial role.
President Juan Manuel Santos has announced a series of changes to the approval process for environmental licenses that he says will cut the wait time down to five months but still ensure that the environment is protected.
Nearly four years after announcing the discovery, Ecopetrol (NYSE:EC) has received the environmental license it needs to start more drilling at its Mago-1 well location near Puerto Gaitan, Meta.
Pacific Rubiales (TSX:PRE) has logged a number of achievements in environmental matters with a sustainability certification, a campaign to use production waters for local irrigation; while local press highlights the role of the oil industry in reforestation. In Yopal however, problems surround a damaged pipeline.
A group of environmentalists have delivered a letter to authorities calling for a moratorium on fracking in Colombia until more studies can be performed on its impact on the environment.
The president of the National Hydrocarbons Agency Javier Betancourt Valle defended the process thus far for regulating unconventional oil production, which provides an important potential for new discoveries. He said no fracking would occur for three years, and was surprised by how quick the controversy arose.
The graph shows that Baker Hughes rig counts for Colombia have increased three months in a row, a welcome trend.
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