The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.
The USO says that a strike of contracted workers last week has “changed the dynamics” of negotiations to reach a new collective bargaining agreement with Ecopetrol (NYSE:EC), but warned that much work is still pending to reach the final accord.
In his inaugural speech of his second term, President Juan Manuel Santos told the Farc that Colombians had their limits. However, incidents went up to 48, well above recent and long-term averages.
Ecopetrol (NYSE:EC) was responsible for more than half of the research and development projects certified by state innovation and research agency Colciencias to obtain tax benefits in 2013.
Strikes, blockades and demonstrations flared up this week in different parts of the country and sectors, all supporting a wide variety of causes, but with one central target: the oil industry.
Parallel to the process to receive victims of Colombia’s long standing armed conflict, Farc and government peace delegates have agreed to form a sub-commission that will approach the idea of a definitive bilateral cease fire.
Gran Tierra Energy (TSX:GTE) say its overall production fall by 8% sequentially and 9% yearly to reach 20,121boed in the second quarter of 2014, after a protracted sales cycle for a new customer and pipeline disruptions in Colombia accounted for a drop of 1,293boed.
GasAfter a meeting between Colombian President Juan Manuel Santos and his Venezuelan counterpart Nicolas Maduro, authorities announced that Venezuela will extend its contract to import Colombian natural gas for another year to July 2015.
The General Controller’s office has issued a report that blames a number of manmade influences, including oil production, livestock and rice plantations, for the Casanare drought earlier this year, but singled out seismic activity and the drilling of wells as the main responsible action for the drought.
Ecopetrol (NYSE:EC) says violence and terrorist attacks in Catatumbo have forced it to move its office in the Convención municipality, despite the pleas of residents to stay.
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