A recent report from the government’s statistics bureau DANE confirmed that in 2015 the departments of Meta, Casanare and Santander represented 75% of the oil industry’s value in GDP terms. We looked at something related but more interesting as shown in the above graph.
Just days following a statement warning that Ecopetrol (NYSE:EC) was dragging its feet and had gone back on the few items of agreement with the USO, the union said that new advances were made and it is satisfied with the review of its collective bargaining agreement with the NOC so far.
Still dealing with stubborn opposition for trying to bring legitimate economic activity to the same time-zone as Caño Cristales and some of the country’s best coca-growing areas, Hocol released a statement to the press on its project in San Juan de Arama.
Turkish Petroleum International (TPIC) has publicly rejected blockades carried out by residents in rural areas of Cúcuta which have prevented it from building a platform to build its planned exploratory well Aslan-1.
The Mining Energy Planning Unit (UPME) is opening spaces for dialogue with communities, businesspersons and other parties related to the mining sector. The aim is to create a “Mining Development Plan” that includes everyone. HCC was present at the event.
Ecopetrol (NYSE:EC) issued a report on its third quarter 2016 contractor work force, showing an average of 21,700 people working on NOC projects through outside firms, with as much as 86% of them coming from the same region as the project. This and other Corporate Social Responsibility (CSR) projects in our routine summary.
Even with its environmental licenses approved and delivered, Hocol is facing stiff resistance from communities in La Macarena, Meta which accuse the firm of downplaying its project and putting water resources at risk.
The USO said that its efforts to prevent the sale of Ecopetrol’s (NYSE:EC) non-essential fields were responsible for the NOC only awarding six of a planned 30 fields in its recent auction.
Both the Minister of Mines and Energy Germán Arce and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry were present at the IX installment of the Barrancabermeja Oil Congress, “Beyond Oil”. Both also praised the operation in the city and its refinery, but Echeverry was clear no modernization is planned.
Ecopetrol (NYSE:EC) said that its 2016 Round to award smaller or non-strategic fields was successful, receiving US$53.4M in bids for assets in Catatumbo, Putumayo, Middle Magdalena and Meta.
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