The Ministry of Mines and Energy, Ecopetrol (NYSE:EC) and local authorities have established a fixed price for fuel on the shared border with Venezuela, as authorities from both countries look to limit the contraband fuel market.
Articles on fracking and unconventional oil and gas technologies in the Colombian press increased for the fourth week in a row. But this past week, the balance was positive.
The management of Emerald Energy met with local leaders from the Caquetá Department and demonstrated that discussing problems can lead to solutions. Pacific Rubiales (TSX:PRE) has advanced with its local hiring campaign in Casanare and Ecopetrol (NYSE:EC) is active as ever, supporting puppet shows and literacy campaigns, among other projects. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Water is a current industry issue and we start this month with an extended interview with Jaime Checa who works for Hocol, but is also the head of the Colombian Petroleum Geologists and Geophysicists Association.
The count dropped this week to 41, above long-term averages and slightly below the recent average, but new threats have appeared with implications for the post-conflict scenario.
After more than a month of protests from the Tesoro de Bubuy village in Aguazul, Casanare, oil operator Perenco has issued a statement to local media contesting allegations by protesters, which it says are merely a tool to obtain greater concessions from the company despite past agreements.
With just a month in his role at the head of the Ministry of Mines and Energy (MinMinas), Tomás González is rumored to be on the verge of announcing a restructuring of his team which will reportedly see the exit of the current Vice Minister Orlando Cabrales, who could head to Ecopetrol (NYSE:EC).
The USO said that after two prior attempts in which they were forced out, the union has made “an official presence” in the Rubiales field, part of an ongoing political campaign to call for the return of the field to full Ecopetrol (NYSE:EC) control in 2016.
In an about face, the government released the draft texts of the three agreements reached thus far with the Farc in Havana, Cuba, in a move to silence critics of the peace process.
President Juan Manuel Santos announced changes to the process of applying for environmental licenses, slashing the time frame to five months, and critics have come out against the modification, arguing that it will weaken environmental protection measures and put the ecosystem at risk.
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