Incidents near areas of interest to the oil and gas industry were down 7% this week at 26 below recent and long-term averages. Non-Armed Forces incidents were about double the long-term average. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 26.0 and the 52 week average was down at 32.6 incidents per week.
Pacific Rubiales Energy (TSX:PRE) says it has finished and launched an electrical transmission line that runs from the hydro-electrical center in Chivor, Boyacá to its flagship field Rubiales in Meta, which it says will save US$100M in operational costs annually.
The Ministry of Mines and Energy (MinMinas) and the Ministry of Environment and Sustainable Development (MinAmbiente) have agreed to create a protocol and environmental guide for contractors to follow, citing in particular seismic exploration activities.
A public referendum to accept or reject oil production near water resources around the Tauramena is just days away, while Petrominerales (TSX:PMG) holds a meeting to establish ties to local businesses for hiring goods and services and politicians clamor on the threat of seismic testing.
The Technological Units of Santander (UTS) has reached an agreement with Spain’s Salamanca University (USAL) to cooperate on a geotechnic academic program which would mean graduates from the Colombian institute also can receive validation with the Spanish counterpart.
This week the topic of the illegal drug trade continues to dominate the discussion in Habana, Cuba, with the Farc calling for legal coca, decriminalized drug use and participation of the US and European authorities in the discussion.
Ecopetrol (NYSE:EC) has declared to Colombia’s National Hydrocarbons Agency the commercial viability of the Eastern Caño Sur block, adding 22.4 million barrels of 1P reserves.
During the LXXII ordinary assembly of the 32 departmental governors the regional leaders will formulate a request for President Juan Manuel Santos to make a true push for greater administrative decentralization and regional autonomy.
The Ministry of Mines and Energy (MinMinas) published an outline of the policy alignments of the formula to set fuel prices, and said that prices will remain stable in December and have actually shown a 4% decrease compared to last year.
The Colombian government, by way of the Ministry of Mines and Energy (MinMinas) signed a memorandum of understanding with the US government in Washington DC to cooperate on energy matters.
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