Organizers booked the February 20th march for the water as a milestone for the anti-oil movement and turning of the tide towards stronger environmental regulation. The march occurred without incident in Casanare and Meta, but fell short of the loft expectations.
Congressional elections are less than three weeks away, adding another layer of uncertainty over an already clouded view of the peace process. The incoming congress will have to address a number of legal issues regarding the transition process. But who will make up that congress?
The Arbitration Tribunal of Bogotá’s Chamber of Commerce sided with Ecopetrol in a prolonged dispute over the formula used to figure payments received from Pacific Rubiales (TSX:PRE) in the Quifa field.
The Minister of Environment and Sustainable Development (MinAmbiente) Luz Helena Sarmiento said that environmental issues must be evenly weighed with policies that bring development and economic benefits for Colombia’s poor, but that it cannot do so at any cost.
Venezuela’s Minister of Oil and Mining Rafael Ramírez says he is certain that Venezuela will stop buying natural gas from Colombia in August of this year and is nearly ready to start sending gas to Colombia as had been previously agreed.
Pacific Rubiales Energy (TSX:PRE) will increase its purchases of goods and services in in 2014 to US$5B, a US$1B increase over 2013 as it looks to meet exploration and production goals for the year.
The National Hydrocarbons Agency (ANH) has high hopes for the Colombia 2014 Round and based on preliminary interested received from possible participants is aiming for 10 to 20 new companies to enter the national oil industry through the auction.
Over the last three years 1,445 oil engineers have graduated Colombian educational institutions, but of this number 750 have not been able to find work in the national industry says a recent study.
Casanare’s environmental management agency Corporinoquia is planning the prior consultation phase to declare a number of micro-basins as protected natural resources due to their role in the supply of water for local communities.
The National Hydrocarbons Agency (ANH) is preparing a deeper analysis of basins with oil prospects but that are not within the traditional oil producing areas such as Magdalena or the Llanos, and will improve contractual terms as well.
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