GasEcopetrol (NYSE:EC) will build a bi-directional gas plant together with Chevron (NYSE:CVX) in order to both store natural gas in case of shortages and also export to other markets.
The School of International Affairs of Columbia University is conducting a study of Colombia’s mining and energy boom and the best practices that the country, and extractive companies can adopt to best take advantage of this boom.
The USO did not let the three year signing of the free trade agreement between the United States and Colombia pass without pointing out what the union considers a concerted effort from the central government to suppress union rights, one of the contentious points of the agreement in the US congress.
This week the Ministry of Mines and Energy (MinMinas) issued a number of statements covering policy items, including a lesson on international price trends, a message of support for the mining and energy sector from President Juan Manuel Santos and a forecast that fuel prices would fall.
Faithful readers will know we always try to have a graph. We saved today’s slot for March production but it has not been published yet. So we decided to have some fun. After all, it is Friday and we are frequently criticized for being way too serious.
Casanare has become a haven for using community distraught for personal gain, says an opinion column in the local paper. There might be justification in some of the complaints, but the demands and complaints have turned “into a true shopping list” says the author, who expresses a point of view rarely found in the local paper.
This week the Farc guerrilla group was particularly talkative, with a spokesperson saying that the conditions are now right for a peace agreement to be made. But they also made it clear that no agreement can be made which includes jail time for its leaders.
A survey performed by the Colombian Petroleum Association (ACP) found that 80% of the companies that participated have plans to increase investment in exploration this year, and the ACP president Alejandro Martínez says there are a number of macro factors that will push for greater investment in exploration.
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.
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.
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