The Llanos Orientales and the Meta Department in particular lead the country in royalty irregularities according to an audit performed by the General Controller (CGR) in the second half of 2015.
Ecopetrol (NYSE:EC) has opened its application process to accept university and technical students for company internships, and a university scholarship program from Gases de Occidente shows off some of its results. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The USO argues that health and environmental issues associated with fracking should move authorities to ban the practice in Colombia.
After an intervention from authorities and the community itself, the Constitutional Court decided to lift a suspension on production activities in the Ocelote-Guarrojo in Puerto Gaitán, Meta, since the suspension could cause more problem than it prevents.
Municipal council members in San Martín, Cesar have turned to national press to express their concerns on one of Colombia’s few fracking projects, led by ConocoPhillips (NYSE:COP).
Community objections on local hiring practices in Barrancabermeja have fueled several conflicts with companies recently, despite prior agreements and leading to a suspension of activities at the La Cira Infantas field. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The consequences of the fall in oil prices look more severe with each passing month, as producing municipalities have suffered a perfect storm of corruption, poor management, regulatory changes, dwindling royalties and high resident expectations.
Pacific E&P (TSX:PRE) said that it has been formally notified of the Colombian Constitutional Court’s decision to suspend operations near the Venecedor Piriri indigenous community in the Quifa block. It said it would suspend operations in this area, but that it would not materially affect its production.
The USO said that a total of 10 workers have been fired by Ecopetrol (NYSE:EC) from the Barrancabermeja Refinery after participating in a strike on March 17th, which the union said violates the legitimate rights of workers to protest and puts labor stability at risk.
The national government has set the limits of eight páramos, or high mountain tundra, to protect water sources which it says supply more than three million people. The protective order affects a total of 100,000 hectares of land in different parts of the country. This and other environmental stories in our periodic roundup.
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