Incidents near areas of interest to the oil and gas industry were up significantly to 42 this week well above recent and long-term averages and the highest level since March. As well, non-Armed Forces incidents were slightly above average at 17%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was up to 32 but the 52 week average was essentially unchanged at 34.2 incidents per week.
Colombia’s Senate approved this week a bill to allow the proposed referendum to accept an eventual peace agreement with the Farc on the same day of legislative or presidential elections.
Colombia’s ministry of Mines and Energy (MinMinas) is preparing rules to deregulate transport rates for new oil pipelines in order to promote more construction in areas with new production.
The Casanare Administrative Tribunal has approved a formal request from the mayor of Tauramena to hold a constitutional popular vote, essentially a public referendum, in which the community can support or reject the development of oil productions in the municipality.
That is the conclusion of an Invermer Gallup poll done for national business magazine Dinero, published in a recent issue. The graph shows selected items from the article.
Monterrey has seen a repeat of blockades and community complaints about the oil industry, and now the municipality is forming a committee with local businesses owners to get their voices heard. Is this just a money or attention grab, or are there legitimate claims?
Law enforcement and officials from the Arauca Department held an extraordinary meeting of the region’s security council to analyze the wave of terrorist activity which has fell upon the department.
Colombia’s Energy & Gas Regulation Commission (CREG) has started the process to contract an administrator of the natural gas market, part of its long term wide reaching evolution of how the gas market is regulated.
Ecopetrol (NYSE:EC) says that it signed CoP$14T (US$7.44B) worth of contracts with suppliers from January to September of this year, of which 92% went to Colombian companies.
After a rise in terrorist activities targeting energy infrastructure, kidnappings and extortion in Eastern Colombia the national police, Ecopetrol (NYSE:EC) and the Attorney General’s office have signed a cooperation agreement to combat the rise in security threats.
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