Colombia’s Institute of Hydrology, Meteorology, and Environmental Studies (IDEAM) says that the potential for disastrous effects from the “El Niño” phenomenon appear less likely as the weather system weakens, but calls on authorities to not let down their guard.
Strong growth has made the oil industry a target of “political and economic appetites”, who have managed to install a transactional relationship with the industry that affects its viability, but the post-conflict scenario will only prove more challenging, says the former head of the Colombian Petroleum Association (ACP) Alejandro Martinez.
The trend keeps going upward although, this week, incidents were down again to 38 still well above long-term averages although below trend for the first time in several weeks.
As unconventional production moves forward in a number of production blocks around the country, Colombia’s environmental movement has taken notice, with the first skeptics looking at fracking practices in the VSM 16 block in Huila.
The Finance Ministry (MinHacienda) still holds an optimistic outlook for production over the next 10 years, with average production expected at 1.063mmbd in its Midterm Fiscal Framework (MFMP).
Pacific Rubiales(TSX:PRE) receives recognition for a program to benefit local suppliers, Parex aids a large family and adds infrastructure in Pore, these and other Corporate Social Responsibility (CSR) stories from oil operators.
The Colombian Petroleum Association’s new president Francisco José Lloreda called on the government to improve its ability to protect the nation’s pipelines, regardless of any peace advances with the guerrilla.
After 30 hours of continuous negotiations and on the eve of the deadline, Ecopetrol (NYSE:EC) and its main workers union USO reached a collective bargaining agreement that will run from 2014-2018. The agreement came in the midst of threats of a union wide strike, and concedes a study group to limit the outsourcing of workers.
The Minister of Mines and Energy (MinMinas) Tomás González gave his first full interview on the major issues facing his office and appointment, and promised that the country will soon return to daily production figures of above a million barrels a day.
The first encounter between victims of the armed conflict in Colombia and the peace negotiators of the government and Farc guerrillas took place last weekend, as the talks dive into this emotionally laden topic.
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