Ecopetrol’s (NYSE:EC) Colombian Petroleum Institute (ICP) former employees who lost their worker contracts back in February wrote an open letter to Ecopetrol president Juan Carlos Echeverry, charging that the NOC has been violating the law by outsourcing labor.
Canacol Energy (TSX:CNE) has announced its 2015 Capex plan which includes an investment of US$84M for its operations in Colombia and Ecuador. Due to uncertainty on the price of crude, the firm says it has focused on its gas reserves, and expects 60% of its production immune to fluctuations in the price of crude .
Promigas president Antonio Celia believes that there is commitment from the government to make gas infrastructure licensing more agile, but the system does not fully consider the cost of delays in licensing, considering the loss in royalties, investment, job creation, gas availability and gas rates.
The Farc attack in mid-April has eroded public support to its lowest point since the start of the peace process in November 2012, a Gallup poll has found.
Costs associated with closed operations in Peru and the fall of oil prices cut into Gran Tierra Energy (TSX:GTE) financial results, but the firm says its production remains stable, looked to focus on cost cutting and would not comment on management speculation in its first quarter 2015 conference call.
Through the National Federation of Departments, Colombia’s governors have held an extraordinary meeting to align themselves and call on the government to release royalty funds assigned in the 2013-14 budget in their entirety.
The Farc attack in mid-April has eroded public support to its lowest point since the start of the peace process in November 2012, a Gallup poll has found.
The liberalization of the market and mass use of the domestic gas network, coupled with pricing decisions made on a political instead of technical or market basis is putting the country’s electrical energy supply at risk argues a newspaper column.
Company NewsBy now anyone with the most remote interest in the Colombian oil and gas industry must have heard the news. What follows are a number of perhaps irreverent reflections.
A potential plan from Ecopetrol (NYSE:EC) to farm out its smaller fields to private operators, one of the potential new strategy points mentioned by the NOC’s president Juan Carlos Echeverry, already has the USO oil workers union sounding alarms.
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