With the Ecopetrol (NYSE:EC) collective bargaining agreement behind it, the USO has reset its sights on its next big political target: revert the Rubiales field back to Ecopetrol, and in turn, back to USO affiliated workers.
Senator Maritza Martínez has presented a legislative bill that would modify the General Royalty System (SGR) kicking off a debate on the original reform of the royalty law, a frequent target of criticisms from producing regions.
A contentious tone fell over the process in the past week as the Farc denied that the process was advancing towards a final stage, and unleashed a flurry of controversy after comments on the victim status of congressional representative Clara Rojas, once a captive of the guerrilla.
MinMinas recently raised gasoline prices by a minor amount but that triggered the usual comments that gasoline prices should be cut.
Vice Minister of Energy Orlando Cabrales continued his push to articulate the government’s plan to see that contracts worth nearly US$6B from the Rounds 2012 and 2014 are implemented, improve community relationships and the reserve supply while they are at it.
Hardly a term used in anti-oil circles two weeks ago, a campaign against fracking has made its way to Meta from Huila as it receives attention from Colombia’s green party as well.
Arauca congressional representative Albeiro Vanegas says that the ELN has stepped up attacks in the department, while the Farc has decreased activity. The congressional president José David Name has called on greater security measures from the government.
For the next Colombia Round, the Colombian Society of Geology says the National Hydrocarbons Agency (ANH) should auction blocks with pre-approved environmental licenses, in order to lessen the potential impact of a process that has become one of the greater obstacles towards exploration and production in the country.
Vice Minister of Energy Orlando Cabrales took the government’s opinion on fracking to the press in a column, defending the practice as necessary to maintain production and in turn development.
The first unconventional project to use fracking techniques has only recently been approved by the National Hydrocarbons Agency, but anti-oil advocates already have a lineup of activities to spread their message.