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Environmental Wrap: Minimal drought this year, ANLA no show

The Casanare administrative court will inspect Mate Marrano wetlands after The National Environmental Licensing Agency (ANLA) did not show for a hearing, and authorities say that thus far Paz de Ariporo is not suffering from drought conditions like last year. These and other environmental stories in our periodic summary.

Tuesday, March 10th, 2015
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PRE’s bet to keep Rubiales

Pacific Rubiales (TSX:PRE) delivered a proposal which would keep it in the Rubiales field following the end of its association contract, offering a give and take to Ecopetrol (NYSE:EC) based on its ability to improve secondary recovery, expand the number of wells and implement new technologies.

Tuesday, March 10th, 2015
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Government to announce multimodal transport strategy

In the National Infrastructure Congress scheduled for November of this year the government will present a strategy to rely on multimodal transportation that puts more emphasis on alternatives to trucks such as trains or rivers, says the president of the Colombian Infrastructure Chamber (CCI) Juan Martín Caicedo.

Tuesday, March 10th, 2015
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Echeverry in as ECP president

Ecopetrol’s (NYSE:EC) board of directors voted in the government’s official candidate for the role of company president. Former Finance Minister Juan Carlos Echeverry takes the wheel of the NOC at one of its most complex moments.

Monday, March 9th, 2015
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Government converting Ecopetrol into its cash box, says USO

With the naming of former Santos Finance Minister Juan Carlos Echeverry as the new president of Ecopetrol (NYSE:EC), the government planning to convert the NOC into a handy cash box to meet its immediate needs warned USO president Edwin Castaño.

Monday, March 9th, 2015
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How far to the border?

A report of the Agustín Codazzi Geographical Institute (IGAC), which oversees political and land borders says there are 84 “questionable borders”, many of them falling in producing regions. Of these 20 will be prioritized in 2015 for clarification.

Monday, March 9th, 2015
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Better but still bad

Better but still bad

The graph shows Ecopetrol’s attributed Net Income to its Refining and Petrochemicals line of business for the full year 2014 and prior years. The good news is that things are not as bad as last year. The bad news is fairly obvious: it still lost nearly US$450M.

Thursday, March 5th, 2015
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Oil & Gas cluster planned for Casanare, Meta

Companies from Meta and Casanare associated with the oil & gas industry are working with an initiative of the commercial vendors association Fenalco’s Meta chapter to consolidate an Orinoquia-based cluster to better integrate this industry.

Thursday, March 5th, 2015
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Another union joins the fray, USO teeters on strike

The Central Workers Union (CUT) has entered the labor dispute generated as companies cut costs due to the fall in oil prices, and is promoting a strike of oil workers. Meanwhile the USO oil workers union has the member vote to strike, and promises that they will take action very soon.

Thursday, March 5th, 2015
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ELN still a problem

ELN still a problem

Incident counts went down significantly this week to 21 but as the graph shows, our proxy for guerrilla-initiated activity remained in the same ‘channel’ it has followed since the Farc declared its unilateral truce.

Wednesday, March 4th, 2015
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