Canacol Energy (TSX: CNE) has reported its Fiscal Year 2014 results (ending June 2014), reporting growth in its proven reserves, production and turning around its bottom line.
GasIndustry and government projections for Colombia’s gas reserves oscillate between worried and optimistic, with supplies lasting for 6 or 14 years, depending on the source.
An attack that left two oil contractors working on a section of the Coveñas/Caño Limón pipeline dead underscores an alarming increase in attacks not only against the oil industry’s infrastructure, but its workers as well.
The National Authority of Environmental Licenses (ANLA) has named a new director, Fernando Iregui Mejía, a lawyer with experience in the public sector and environmental law.
The Chamber of Oil Goods and Services (Campetrol) has announced that the former Agricultural Minister Rubén Darío Lizarralde will take on a newly created executive president role as the organization looks to tackle an increasingly complicated scenario facing the industry.
The count jumped 12% this week to 46, above recent and long-term averages, but, except for a particularly bad incident, the increase was mostly Armed Forces activity.
A ruling of the State Council suspending a decree that allows the central government to overrule local governing bodies has brought the issue of public referenda against extractive activities back into the spotlight.
Colombia’s oil and gas sector is suffering from heightened pessimism among investors and lowered trust which could result in private firms abandoning plans or projects in Colombia if no change occurs said Lisa Viscidi, director for energy, climate change and extractive industries with Washington DC based Interamerican Dialogue.
The 2014-2018 collective bargaining agreement took 40 days of formal negotiation and 15 days to write, and has not yet been in effect for around two weeks, but already conflicts are brewing between Ecopetrol (NYSE:EC) and its largest union the USO.
The 28th round of talks finished at the end of last week, while a national forum for victims included commentary from Colombians displaced by the conflict and living around the world.
2025, Hydrocarbons Colombia, All Rights Reserved.
