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Communities & CSR

Ecopetrol and Pacific Rubiales rated highly for sustainability

Colombia’s two largest oil and gas companies scored well in the Dow Jones Sustainability Index-World as compiled by the Swiss firmSustainable Asset Management (SAM)In a press release, Ecopetrol announced that

Thursday, September 20th, 2012
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Rising tide of community violence affects operators in southern Meta

Yesterday violent protests in Puerto Gaitan, Meta left 3 dead. RCN Radio — which usually takes a “right-of-center” stance — reported that the protests were because Pacific Rubiales had “failed to deliver on its commitments”. UPDATE: On September 17th, Pacific Rubiales Corporate Affairs Director, Frederico Restrepo told RCN Radio that the protests were not directed at the company but caused by the death of a small child in a traffic accident with a policeman.

Monday, September 17th, 2012
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MinAmbiente: Community involvement is key in environmental conflicts

From an Environment Ministry press release. Translated and with commentary by Hydrocarbons Colombia.

Monday, September 17th, 2012
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New project in Colombia’s Congress could take US$1 / barrel off operating profits

Business newspaper Portafolio reports that a project sponsored by high-profile congressman Simón Gaviria and colleague Jaime Rodríguez would allow municipalities to charge mining and hydrocarbons companies a local “Industry and Commerce” tax known as ICA.

Thursday, September 13th, 2012
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Petrominerales reports lower August production, exploration update

Petrominerales reports lower August production, exploration update

Source: Petrominerales, Hydrocarbons Colombia.
In a press release, Petrominerales provided an update on production and exploration. The production summary can be seen in the chart: yet another month of lower production this time 8% month over month. The company did not provide a zonal breakdown as they did in their 2Q12 results. However the company did explain the August results precisely in terms of

Thursday, September 13th, 2012
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