Pacific Rubiales Energy (TSX:PRE) has formed new subsidiaries that will focus on the export of natural gas from production fields in the Sucre Department.
Nubia Orozco Acosta has been sworn in to run the National Environmental Licensing Authority after its former director Luz Helena Sarmiento took the Environmental Minister’s role earlier this month.
In 2012 the oil and financial industries paid their employees the highest of any sector in the national economy, according to the annual report of Colombia’s Federation of Human Management (ARIC).
No this is not the flag of some new country. Not even a new region of Colombia. It certainly is not the flag of the region from the eastern cordillera to the Venezuelan border that the Farc and ELN have generously offered to run on behalf of the Colombian people in a post conflict scenario.
Selling a small percentage of Ecopetrol (NYSE:EC) instead of the whole of electrical energy generator Isagén would be preferable for the government to raise money for a needed investment in infrastructure says the VP of Colombia’s Senate, Carlos Emiro Barriga.
Colombia’s gas industry is moving towards an open market instead of using an auction system as a way to lower gas prices at the wholesale level. The full supply offer is set to delivered to the industry this week and the negotiation phase will start on September 30.
The USO said they reached an agreement with construction contractor CB&I (NYSE:CBI) at the helm of the expansion of the Cartagena Refinery expansion work days after workers left their post.
The new mines and energy (MinMinas) minister Amylkar Acosta has arrived to a particular dilemma beyond the strikes and protests, as the ministry is facing a 16% cut in its 2014 budget.
Incidents near areas of interest to the oil and gas industry were down this week to 31 above recent but below long-term averages. This was a slightly above average week for non-armed forces reported/guerrilla-initiated incidents. Despite the decrease our 4-week Moving Average incident count went up to 28.3 and the 52 week average was steady at 36.6 incidents per week.
We published a similar article a few weeks ago. Unfortunately our data analysis suffered a technical problem that produced inappropriate conclusions. We apologize for any misunderstanding. Here is the completely revised and corrected data.
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