The uncertainty surrounding the future of Colombia’s largest producing field, Rubiales, and the association contract between Ecopetrol (NYSE:EC) and Pacific Rubiales (TSX:PRE), has workers currently assigned in the UTEN union with the later firm demanding more clarity about their future.
The USO has always had a bone to pick with Pacific Rubiales (TSX:PRE), but the union has taken its stance to the forefront of negotiations with Ecopetrol (NYSE:EC), targeting PRE’s Star secondary recovery technology and calling for a presence in the Rubiales field.
A devastating attack on a convoy of 23 tankers by the Farc in the beginning of July led to 5,000 barrels of oil being spilled after the guerrilla opened the tanker’s valves, and now the local communities have blocked access to crews trying to clean up the mess.
While acknowledging that there are long delays in the implementation of royalty projects, which do not always go to the greatest needs, the new system has ended the “super scandals” associated with royalty abuse and corruption.
Ecopetrol (NYSE:EC) and four unions that fill its ranks have started the process to reach a new collective bargaining agreement. The last one was in place from 2009-2014 and Ecopetrol is optimistic that an agreement can be reached during direct talks.
In Meta a tribunal laments the lack of action or interest on road issues from the national government while logistics firm Impala has taken a new, more aggressive strategy to ensuring that transportation contractors comply with routes and regulations. These and other stories involving Colombia’s contested roadways.
The National Hydrocarbons Agency (ANH) held a workshop that covered a number of topics related to security, social conflicts, environment and infrastructure gains for the hydrocarbons industry.
After reaching an agreement that establishes the general terms of the negotiation for a new collective bargaining agreement, representatives from the USO and Ecopetrol (NYSE:EC) started talks in Bogotá on Monday, July 14.
President Juan Manuel Santos, in the heat of his contested re-election promised to restrict the flow tanker trucks on the roads of Huila, promising to ship oil via Ecuador, banning the tankers presence on Sundays and holidays after residents expressed their complaints.
The Minister of Mines and Energy (MinMinas) Amylkar Acosta paid a visit to the Casanare Department to outline an agreement and to dialogue, while the local authorities had plenty of questions and requests for the official to improve the situation in this oil producing region.
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