The Caño Limon –Coveñas Pipeline, an asset of Ecopetrol (NYSE:EC), announced the awarding of the maintenance contract to a new operator, and while some in the local press are interested in the opportunities this may bring, others have rejected it as a change of façade and nothing else.
The USO and CB&I (NYSE:CBI), the contractor in charge of construction of the expansion of the Cartagena Refinery (Reficar) sat down along with national authorities and Ecoperol (NYSE:EC) representatives to follow up on a collective labor agreement reached last year.
Colombia’s oil and gas sector led the market with an average salary increase of 5,6% in 2013, well above accumulated inflation for the year of 1.9%, meaning workers in the industry increased their buying power last year.
Ecopetrol (NYSE:EC) has suspended its NFE Backland project, involving a new well in the Cupiagua field, after it received ‘undue pressure’ from the community over local hiring and its social investment, which the NOC says exceeded expectations.
The coordinator of environmentalist NGO El Mastranto Manuel Peña has accused eight oil companies, led by Pacific Rubiales (TSX:PRE) of extracting water from pools designated for livestock and the Guachiría river, which local authorities say may or may not be illegal.
An open hearing on the pending public referendum to approve or reject oil production near the municipality of Monterrey has been postponed after Ecopetrol (NYSE:EC) filed a motion to delay the hearing, which will determine its constitutionality.
The Regional Autonomous Corporation of the Upper Magdalena (CAM) has fined seven transportation companies for environmental damage from oil spills, not having a contingency plan and non-compliance with preventative measures
The holiday season has passed us by, and the increase in spending does not just apply to retail shoppers looking for gifts, there have been a number of corporate social responsibility (CSR) projects that have came to fruit during the holiday season. From toys, to training to highways, here is a summary of some of the top programs making local headlines in December 2013.
The USO is back at full stride this week and leading last week’s list of statements were accusations that two of the four members detained recently for public order problems are facing a complex situation inside jail and lives are at risk, and repeated accusations that the government is targeting union members at the bidding of multinationals such as Pacific Rubiales (TSX:PRE).
The Minister of Mines and Energy (MinMinas) Amylkar Acosta Medina said that mining and energy companies can only make their projects viable by earning a “social license”, that is, respect with the local community through social impact and responsibility actions.
2025, Hydrocarbons Colombia, All Rights Reserved.
