This week, USO reported negligence by Ecopetrol (NYSE:EC), Mansarovar Energy and Duflo regarding workers’ conditions in their facilities, and stressed the need to defend Ecopetrol as a “State owned company.”
Employees of Equion Energy Limited gathered at their Yopal facilities in Casanare, to celebrate the company’s sixth anniversary.
Boyacá has a royalty budget of CoP$893B to finance 522 projects. However, the fact that there are pending balances for an amount of CoP$86B in 40% of the department’s municipalities is a cause for concern by local authorities.
Improve investment and productivity levels, start the production phase in the Lorito and Troglón wells in Guamal, Meta, consolidate 10,000 jobs and educate the locals about the myths around the industry’s impact on the environment are the industry’s five challenges in Orinoquia.
Protests have affected the oil industry significantly over the past several years. However, blockades against the industry decreased last year, compared to data from 2015. The Colombian Petroleum Association (ACP) provided the data.
Frictions between Ecopetrol (NYSE:EC) and the USO in Cartagena, as well as USO Barrancabermeja’s negotiations with Gasoriente were two of the biggest news items of the week. The union is not happy about the NOC’s latest decisions. Shocking!
The situation at Bioenergy is turning unsustainable. A group of locals hindered operations in the ethanol plant once again.
The current oil price environment revives the possibility of doing fracking in the country. Oil prices have risen and their behavior has been steady in recent months. The government is preparing regulations to allow this practice in the country.
Communities in Casanare, Meta and Barrancabermeja had altercations with Ecopetrol (NYSE: EC) and Pacific Exploration and Production’s (TSX: PEN) staff, alleging the companies are not hiring local workers to develop their projects, and Promigas awarded full scholarships for students of the Caribbean region. These and other Corporate Social Responsibility (CSR) projects in our periodic summary.
The department of Santander has a new high-tech oil and gas laboratory. The Santander Technologies Unit is leading this important project.
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