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Calls for a “green tax” to cover environmental impact

The mayor of Meta’s capital Villavicencio Juan Guillermo Zuluaga has called for a green tax for oil companies to compensate financially for the environmental toll on the producing and surrounding region.

Wednesday, April 9th, 2014
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As industry looks to convince on drought, community still points the blame at oil

The Colombian Petroleum Association (ACP) has been coordinating an effort to get expert opinion on the causes of the drought affecting Paz de Ariporo, and that its roots are not firmly in the oil industry. But a persistent community movement continues to finger oil.

Wednesday, April 9th, 2014
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A perfect storm of problems at Caño Limon

A perfect storm of problems at Caño Limon

The final stretch of the Colombia’s great oil infrastructure: The Bicentennial Pipeline passes through Caño Limon, which is fraught with problems. Guerrillas attack it, while an indigenous community will not let crews in to repair it. The end result is missed shipments, 35,000bd of lost production worth millions a day and jobs for the local community. Who will right this situation?

Wednesday, April 9th, 2014
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Naturgas says reserves to grow due to methane, unconventional sources

Naturgas says reserves to grow due to methane, unconventional sources

GasThe Colombian Association of Natural Gas (Naturgas) says 2013 was a positive year for the natural gas industry and that its use continues to grow, and it now has a 24.4% share of primary energy production, and that if methane gas associated with coal can be harnessed, reserves could triple over the next five years.

Tuesday, April 8th, 2014
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Roads Review: Criticizing Bogotá

A meeting in Yopal that included all the big institutions from the national government for a roads project in Casanare yielded an offer of support from the national government, but the local authorities say it pales in comparison to the costs of keeping heavy trucks on the road.

Tuesday, April 8th, 2014
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Government restores direct royalty payments to producing regions, for now

Citing the risk that social programs could be affected until royalty reforms, the central government has issued a decree to pay more than US$176M to producing regions, in what appears to be most relevant change to the new royalty system since its enactment.

Tuesday, April 8th, 2014
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Oxy cuts 500 workers as pipeline suffers repeat attacks, ECP also affected

Frequent attacks on the Caño Limon and Bicentennial Pipeline have claimed another causality: 500 jobs with Occidental de Colombia (Oxy), who has cut the positions as their pumping station in Arauca has been unable to keep up optimum crude levels for a month due to attacks from the ELN guerrilla, while another report says partner Ecopetrol (NYSE:EC) has declared force majeure on shipments for the same reason.

Tuesday, April 8th, 2014
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Cenit celebrates its first year

Ecopetrol’s (NYSE:EC) transport and logistics spinoff Cenit has celebrated its first year of operations, and hailed the completion of the Bicentennial Pipeline as the highlight for this first year.

Monday, April 7th, 2014
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MinAmbiente says seismic restrictions coming

The Minister of Environment and Sustainable Development (MinAmbiente) Luz Helena Sarmiento is planning to present a legislative bill and new decree to “align environmental legislation to the needs required for climate control prevention”, which will likely include restrictions on seismic exploration.

Monday, April 7th, 2014
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USO decries ECP firing of Cartegena chapter president

The USO says the recent firing of the president of its Cartagena chapter –the arm of the union wrapped up in an extended conflict at the Cartagena Refinery (Reficar)- constitutes a new strategy “to exterminate” the union.

Monday, April 7th, 2014
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