Ecopetrol’s (NYSE:EC) new regional vice president Francy Ramírez Arroyave has taken her post and looks to strengthen the company’s regional presence and autonomy, while at the same time staying aligned with larger corporate objectives like growing overall production.
The Biennial General Royalties System (SGR) budget for 2015-16 has been presented, contemplating CoP$18.27T (US$8.97B) for 2015-16 for investments and savings. While the amount has increased, it depends on meeting tough production goals, and has left producing regions feeling shortchanged.
An international expert visited Colombia and said hydrocarbons firms must change their strategies to get better results from Corporate Social Responsibility (CSR) programs, while an ANH-UN agreement has led to potable water work in LA Guajira. These and other stories in our regular summary of CSR programs related to the industry.
A one-sided report in a national newspaper looks at another area where opposition to mining and hydrocarbons activities is increasing, Bogotá’s own Sumapaz.
The union has been aggressively promoting an alliance it has formed to pressure the government to revert the Rubiales field back to Ecopetrol (NYSE:EC), presenting the field’s production as a remedy to a tighter government budget.
Meta Senator Maritza Martinez continues her push to modify the laws governing the General Royalty System (SGR), and said in a press interview that only 6% of approved royalty funds have been executed since the entry of the new system.
The management of Emerald Energy met with local leaders from the Caquetá Department and demonstrated that discussing problems can lead to solutions. Pacific Rubiales (TSX:PRE) has advanced with its local hiring campaign in Casanare and Ecopetrol (NYSE:EC) is active as ever, supporting puppet shows and literacy campaigns, among other projects. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
After more than a month of protests from the Tesoro de Bubuy village in Aguazul, Casanare, oil operator Perenco has issued a statement to local media contesting allegations by protesters, which it says are merely a tool to obtain greater concessions from the company despite past agreements.
The USO said that after two prior attempts in which they were forced out, the union has made “an official presence” in the Rubiales field, part of an ongoing political campaign to call for the return of the field to full Ecopetrol (NYSE:EC) control in 2016.
The Interior Ministry has signed a series of agreements with Putumayo residents, who have agreed to lift blockades and stop protests that have dogged the region for more than two months. The agreement followed a tentative accord two weeks ago.
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