A rigorous regulatory framework proceeded the approval of fracking techniques says the Minister of Mines and Energy Tomás González (MinMinas) who looks to counter critics which have filled the media over the last two weeks.
While 2014 has proven to be a difficult year for Ecopetrol (NYSE:EC), its president Javier Gutiérrez says the company will return to its production goals in 2015 and produce a million barrels a day.
The General Controller’s office has gone through a roller coaster ride over the last week, but made sure to remind the government on the risks of oil production that utilizes fracking, due to its potential environmental impact.
A decision on whether or not Ecopetrol will take over the production contract of the Rubiales field will not be made until the middle of 2015, and the president of Ecopetrol Javier Gutiérrez has told the Senate that the NOC is capable of operating the field on its own.
Casanare congressional representative Jorge Abril Tarache addressed a congressional session and rejected the use of fracking techniques in Casanare, which he says has suffered the environmental impact of the oil industry, as well as the loss of royalties, damage by tanker trucks and more.
The count dropped to 37 this week, below recent but above long-term averages, and took the trend line with it but the distribution of incidents was the most unexpected.
Liria Manrique López, a delegate of labor rights NGO Coljusticia claims that oil companies have turned to lawyers and legal processes to counter community and union critics, a practice she says is designed to stamp out opposition to the industry.
With the Ecopetrol (NYSE:EC) collective bargaining agreement behind it, the USO has reset its sights on its next big political target: revert the Rubiales field back to Ecopetrol, and in turn, back to USO affiliated workers.
Senator Maritza Martínez has presented a legislative bill that would modify the General Royalty System (SGR) kicking off a debate on the original reform of the royalty law, a frequent target of criticisms from producing regions.
A contentious tone fell over the process in the past week as the Farc denied that the process was advancing towards a final stage, and unleashed a flurry of controversy after comments on the victim status of congressional representative Clara Rojas, once a captive of the guerrilla.
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