Colombia’s most public (potential) unconventional project, still in its early exploration phase, has been suspended by ConocoPhillips (NYSE:COP) due to a series of blockades in the VMM3 block.
We thought it would be useful for others to read the complete text of ConocoPhilllips (NYSE:COP) statement on the tense situation in San Martin, Cesar. It lays out clearly what the company has done, what the ANH and MinMinas have done, the blockades that arose despite this effort and what the company’s reaction is to the blockades.
The Barranquilla Chamber of Commerce has signed a cooperation agreement with the Chamber of Commerce of Aberdeen and Grampian, Scotland, to exchange information on the offshore industry and promote production in the Caribbean city.
The Ministry of Mines and Energy (MinMinas) said the second phase of its joint program with the National Hydrocarbons Agency (ANH) to reduce community conflict, the “Territorial Strategy” (ETH), has consolidated its second phase. The ministry shared results thus far in 2016,
The governors of Arauca and Meta spoke at the launch of an employment initiative being put on by the Labor Ministry, and accused oil companies of ignoring local workers, contractors and not participating in public employment services.
The USO has been politicking and reaching out to friends in high places, in an effort to build political momentum and recruit allies ahead of an Ecopetrol (NYSE:EC) strike planned for October.
Caquetá congressional representative Harry González said that public order problems which have arisen following the start of hydrocarbons exploration activities show that a departmental popular referendum is necessary to see if the residents want to accept the activity.
The legal limit for the government to present its biannual royalty budget for 2017 and 2018 is approaching fast and due on October 3rd, the day following the plebiscite on the peace agreements. This and other royalty related stories in our periodic summary.
The Minister of Mines and Energy Germán Arce said that the Caribbean region has the greatest prospectively for both onshore and offshore exploration of hydrocarbons, and represents the future of the industry.
The USO said that it is advising and accompanying a group of 14 communities in protests against Ecopetrol (NYSE:EC) in Orito, Putumayo.
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