Colombia’s Chamber of Oil Goods and Services (Campetrol) compiled a historical and graphical analysis of the pace of exploration wells since the entry of the National Hydrocarbons Agency (ANH), which paints a dismal picture of a crisis which is far worse than that of 2009.
A series of attacks and drained tankers in Putumayo from the Farc has evoked widespread outcry from authorities, as the local community and ecosystem deals with yet again with a long lasting environmental impact.
Colombia’s Minister of Mines and Energy (MinMinas) Tomás González said the tax burden on companies seeking new reserves will be reduced and that the reduction will not affect public finances.
The Colombian Chamber of Oil Goods and Services (Campetrol) executive president Rubén Dario Lizarralde has called for royalty funds which are not assigned to projects be returned to producing regions for development projects.
ProductionColombia continues its gravity (and naysayer) defying trick of maintaining production above 1 million barrels a day for yet another month. The mystery is how.
Ecopetrol (NYSE:EC) has offered more details on its new exploration strategy through 2030, which looks to reestablish its exploratory success and replace its shrinking supply of reserves.
Ecopetrol (NYSE: EC), is under fire for not following through on CSR commitments in Pompeya while Gran Tierra Energy (TSX:GTE) donates a pediatric wing to the Mocoa hospital. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
High energy and transportation costs represent two of the major challenges for the hydrocarbons industry, and recent reports in a local business publication look deeper into the causes and future trajectory.
The Armed Forces stepped up their activities as the guerrilla maintained the pressure. Incidents were up by nearly one-third to 38 and guerrilla-initiated incidents were about equal to last week so the increase was due to their opponents.
In Meta a meeting between USO and Ecopetrol (NYSE: EC) executives brought a 15 day protest to a halt, while the union gears up for talks with Mansarovar Energy and supports a strike in Tibú.
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