Incidents near areas of interest to the oil and gas industry were down this week to 25 below recent and long-term averages. Non-Armed Forces incidents were average at 16%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 33.5 and the 52 week average was down although essentially unchanged at 33.7 incidents per week.
The Casanare government signed an agreement of understanding with oil operators from the region to define social investment and road maintenance in the region, an event that brought out Ecopetrol’s president Javier Gutiérrez.
The peace process in Colombia was rocked with accusations from the government that they had uncovered evidence that the Farc’s Teofilo Forero column is planning an assassination attempt of former President Alvaro Uribe, one of the loudest critics of the process.
Ecopetrol (NYSE:EC) highlighted the results of the recent bilateral negotiation, part of the government’s effort to redefine the commercial structure of natural gas in Colombia and lower prices for the final consumer.
The graph above shows a drop in the value in the exports of Colombian oil and derivatives, part of an up and down trend despite sustained rises in production.
The approval of royalty projects moves on and here we publish a list of the main statements issued by the the General Royalty System (SGR) in the month of October.
Two months after taking the role of the Minister of Environment and Sustainable Energy (MinAmbiente), a national paper publishes a report saying the new minister Luz Helena Sarmiento has largely remained silent since her start, a source of worry for the energy and mining industry.
A new factory operated by a new Colombian company called Tayrona Steel Pipe will open in 2014 to supply the oil and gas sector with tubing produced in the Magdalena Department, near the Santa Marta port.
Folk music, a journalism award, new roads, natural gas distribution and more in this latest installment of Corporate Social Responsibility (CSR) projects advanced by oil producers, pipeline operators and the NOC Ecopetrol (NYSE:EC).
The National Consulting Center did a study of the image of local mayors and departmental governors and published their latest findings. Here is a look at how the political heads of oil producing regions – Meta and Casanare – fared.
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