Pacific Rubiales (TSX:PRE) is taking a successful suppliers development program from Meta to put it to work with local companies in Casanare, while Ecopetrol (NYSE:EC) strengthens cacao producers and continues the Iguana roadshow to rural schools. These and other Corporate Social Responsibility (CSR) related news.
The Colombian Chamber of Oil Goods & Services (Campetrol) has led an agreement signed between its 191 members that looks to denounce and prevent cases of corruption in the oil industry.
The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.
The USO says that a strike of contracted workers last week has “changed the dynamics” of negotiations to reach a new collective bargaining agreement with Ecopetrol (NYSE:EC), but warned that much work is still pending to reach the final accord.
In his inaugural speech of his second term, President Juan Manuel Santos told the Farc that Colombians had their limits. However, incidents went up to 48, well above recent and long-term averages.
Ecopetrol (NYSE:EC) was responsible for more than half of the research and development projects certified by state innovation and research agency Colciencias to obtain tax benefits in 2013.
Strikes, blockades and demonstrations flared up this week in different parts of the country and sectors, all supporting a wide variety of causes, but with one central target: the oil industry.
Parallel to the process to receive victims of Colombia’s long standing armed conflict, Farc and government peace delegates have agreed to form a sub-commission that will approach the idea of a definitive bilateral cease fire.
Gran Tierra Energy (TSX:GTE) say its overall production fall by 8% sequentially and 9% yearly to reach 20,121boed in the second quarter of 2014, after a protracted sales cycle for a new customer and pipeline disruptions in Colombia accounted for a drop of 1,293boed.
GasAfter a meeting between Colombian President Juan Manuel Santos and his Venezuelan counterpart Nicolas Maduro, authorities announced that Venezuela will extend its contract to import Colombian natural gas for another year to July 2015.
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