MinMinas resently opened negotiations with various truckers’ associations and representatives of other large domestic users on the stabilization formula for gasoline and especially diesel prices.
An open hearing on the pending public referendum to approve or reject oil production near the municipality of Monterrey has been postponed after Ecopetrol (NYSE:EC) filed a motion to delay the hearing, which will determine its constitutionality.
Pacific Rubiales (TSX:PRE) had to wait more than two years for its environmental license for the CPE-6 block in the Meta Department, finally receiving the green light at the end of 2013. Now a few more details have emerged on the company’s obligations under the license agreement.
The Regional Autonomous Corporation of the Upper Magdalena (CAM) has fined seven transportation companies for environmental damage from oil spills, not having a contingency plan and non-compliance with preventative measures
The Colombian military has fingered the Farc for a string of attacks on oil infrastructure following the end of month long unilateral truce that ended January 15. The attacks have led to oil spills that reached rivers in Putumayo.
The momentum towards unconventional oil extraction in Colombia is gaining, but the industry is still lacking an established supply chain to support the operations, as well as more clarity in regulatory matters said the director of the Colombian Petroleum Institute (ICP) Andrés Mantilla Zárate.
The holiday season has passed us by, and the increase in spending does not just apply to retail shoppers looking for gifts, there have been a number of corporate social responsibility (CSR) projects that have came to fruit during the holiday season. From toys, to training to highways, here is a summary of some of the top programs making local headlines in December 2013.
The arrival of Javier Betancourt as the new president of the National Hydrocarbons Agency (ANH) led to the resignation of three of the five leading posts in the entity and new appointments aligned with Betancourt’s mandate.
The USO is back at full stride this week and leading last week’s list of statements were accusations that two of the four members detained recently for public order problems are facing a complex situation inside jail and lives are at risk, and repeated accusations that the government is targeting union members at the bidding of multinationals such as Pacific Rubiales (TSX:PRE).
The Minister of Mines and Energy (MinMinas) Amylkar Acosta Medina said that mining and energy companies can only make their projects viable by earning a “social license”, that is, respect with the local community through social impact and responsibility actions.
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