Colombia’s Association of Natural Gas, Naturgas, held its annual conference last week in Cartagena and drove a message home of growth and potential for the industry. Here we publish a summary of some of the highlights.
In order to offer current and potential suppliers an updated panorama into different aspects of the oil industry Ecopetrol has agreed with The University of Bogotá Jorge Tadeo Lozano to create a “Supplier’s University”, and will subsidize the cost during the first stage of the project.
Incidents near areas of interest to the oil and gas industry were down to 28, below recent and long-term averages. Non-Armed-Forces-reported incidents were above average in percentage terms and average in absolute terms. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was down at 35.0 and the 52 week average was down slightly at 31.1 incidents per week.
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.
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