In 2014, Colombians will elect a new president even if the new president is the present one, Juan Manuel Santos. There are a range of candidates from the far left to the right but President Santos is currently leading the polls.
Incidents near areas of interest to the oil and gas industry were down significantly this week at 16 well below recent and long-term averages. However, non-Armed Forces incidents were about twice the long-term average in percentage terms, about average in absolute terms. This is our indicator of increased guerrilla-initiated activity. Correspondingly our 4-week Moving Average incident count was down at 26.5 and the 52 week average was down slightly but essentially unchanged at 32.8 incidents per week.
Incidents near areas of interest to the oil and gas industry were up this week at 34 above recent and long-term averages. However, non-Armed Forces incidents were only about half the long-term average. This is our indicator of increased guerrilla-initiated activity. Correspondingly our 4-week Moving Average incident count was up at 29.5 and the 52 week average was up slightly but essentially unchanged at 32.9 incidents per week.
If Ecopetrol (NYSE: EC) brought CAPEX back home, Pacific Rubiales (TSX: PRE) did the opposite, raising exploration investment outside Colombia by 67%.
A Casanare land owner is accusing Lewis Energy Colombia of working outside the bounds of its environmental license, which she says has affected a local river and flooded her land, and that the company has also been under reporting its production, while one report suggests the dispute is about compensation for production rights on her land.
The National Hydrocarbons Agency (ANH) has unveiled some of the specifics for the 2014 Colombia round production block auction, from which it hopes to attract over US$2.6B by assigning 112 blocks.
Peace talks between the Farc and Colombian government restarted Tuesday in Havana, Cuba, kicking off the 18th round of negotiations and the last of 2013. Talk continues to revolve around the illegal drug trade. Meanwhile in Colombia a unilateral truce has gone into effect.
Following a blockade that limited access to the Rubiales field by local truckers that want a larger role in the transport of crude, Ecopetrol (NYSE:EC) has announced a new contractor selection process designed to open opportunities for local suppliers.
Ecopetrol’s board recently approved the company’s CAPEX budget as we reported yesterday in an article that focused on the Refining and Petrochemical business. Today we step back to look at the panorama.
Senator Maritza Martínez criticized the government’s failure to address land right issues in the Llanos and sounded off on environmental issues, many of which she says stem from mining and hydrocarbons production. Tauramena should be seen as a wake up call for the government and environmental authorities, she argues.
2025, Hydrocarbons Colombia, All Rights Reserved.
