Concerned by stagnant execution and technical deficiencies in royalty funded projects in Huila, the director of the National Planning Department Simón Gaviria Muñoz said the entity would assist local leaders to correct the situation, but also left a warning. This and other royalty related stories in our periodic summary.
The Barranquilla Chamber of Commerce sees bright opportunities for the region with an increase in the number of companies interested in locating in the region, and from a wide variety of disciplines. But offshore activity could prove to be key source of growth for the region and attracting new firms is an important part of its strategy.
Equion’s president María Victoria Riaño credits positive results despite hard times to a Company culture which emphasis the positive and reinforces the importance of individual workers, improving the efficiency of the company and its ability to adapt quickly and generate new ideas.
To mark the 65th anniversary of Ecopetrol’s (NYSE:EC) founding, the USO warned that the sovereignty of the NOC is under attack from the administration of President Juan Manuel Santos, who plans to privatize more of the firm’s assets.
The warnings which have emerged against fracking and unconventional production are without merit and have demonized the technique in Colombia, even though it is an opportunity to ensure energy self-sufficiency in Colombia, said Francisco Lloreda, president of the Colombian Petroleum Association.
The Ministry of Mines and Energy (MinMinas) has injected a total of CoP$59.9B (US$20.5M) into projects in 69 municipalities through its production incentive program, which awards regions for meeting production goals in 2015. This and other royalty related stories in our periodic summary.
The Colombian Chamber of Oil Goods and Services (Campetrol) warned that recent attacks have targeted oil companies in Caquetá and Putumayo, departments where the Transition Zones of Normalization (ZVTN) are located, and will be used to concentrate the Farc, intensifying its tone against the presence of these camps near oil projects.
The Superintendent of Industry and Commerce has opened an investigation of Ecopetrol (NYSE:EC) and a suppliers association in Meta, based on accusations of forming a cartel to control the production and distribution of construction materials destined for the oil industry.
The Ministry of Mines and Energy (MinMinas) has restarted a regionalization program to improve dialogue between the government, industry and communities in five municipalities in Caquetá. This and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The National Agency of Environmental Licenses (ANLA) says that the number of environmental license requests it had received from January to June of 2016 from the hydrocarbons industry has fallen by 47%.
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