Vetra Acquisitions has made a bid to take over Suroco Energy (TSX:SRN.V), looking to entice shareholders away from an April agreement with Petroamerica (TSX:PTA) that is to be voted on by shareholders in a June 25, 2014 meeting.
Following through on promises to limit the number of tanker trucks heading from fields in Putumayo through Huila, national government officials have announced that crude will start heading to Ecuador via pipeline starting on July 15th. Truckers that currently move the crude through Huila in tankers have rejected the measure.
An oil engineer, Oscar Vanegas, and repeated critic of the oil industry in Casanare has received his own share of criticism after the Industrial University of Santander (UIS), where Vanegas is a staff member, said he does not speak for the institution and presents ideas without proper scientific field testing to back them up.
The Llanos Orientales (ODL) pipeline has been working for the last two years to reach an agreement with local communities for an 86km Carmentea-Araguaney section, but for every socialization and advance, another snag appears with local leaders.
The Ministry of Mines and Energy (MinMinas) is preparing a Conpes document that would create greater incentives for investment in off-shore exploration, one of its priorities in expanding Colombia’s proven reserves.
A prominent family with livestock interests has denounced oil exploration and poor industry practices in environmental matters in Casanare in accusations filed with the country’s Attorney General, and is calling for a penal investigation into the matter.
Ecopetrol (NYSE:EC) has issued a counter-proposal ahead of negotiations with the USO for a new collective bargaining agreement, and the union has called it an attack on its rights and “historic struggle” with the NOC.
The ELN were active in the northeast but the Farc relatively well-behaved and incidents near areas of interest to the oil and gas industry were down again to 31, below recent and right at long-term averages.
The National Association of Financial Institutions (ANIF) sounds like the bankers association but it is in fact an economics think tank. Once every four years, it turns its quantitative and model building skills to looking at presidential elections.
The latest rounds of talks in Havana started on Monday and this will look at the victims of the conflict, while back in Colombia the election that will define the future of the peace process is now less than two weeks away.
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