Pacific E&P (TSX:PRE) was the affected operator in another Constitutional Court decision regarding the prior consultation process and an indigenous group in Puerto Gaitán, Meta, which affects the operator’s operations in Quifa.
Oil companies in Colombia and beyond are starting to see a “significant” loss of labor talent, says a recently published study on the oil and gas labor market from global recruiter Hays.
Services firm Halliburton (NYSE:HAL) had selected a plot of land to build a waste treatment center, but recent zoning changes could put it at risk, despite having received a warm welcome from municipal authorities.
The USO said that it has aligned with other social and political organizations for a “Grand National Civic Strike” on March 17.
Local authorities, unión leaders and sympathetic lawmakers have convened to call on the national government to declare a state of economic emergency in Barrancabermeja and to write a strategic Conpes document, looking at Ecopetrol (NYSE:EC) to compensate for canceling its plan to modernize the local refinery.
The royalty budget planned for 2015-16 will not be manageable with oil at its current level, and needs to be cut by at least 30.8%, warns the General Controller. Meanwhile press reports on which regional entity is the worst in terms of royalty management abound. These and other stories in our periodic roundup.
The capital of the Atlantico Department, Barranquilla is looking to position itself as the logistics hub for offshore hydrocarbons activity in Colombia’s Caribbean waters.
The USO celebrated its 93rd birthday on February 10th and said that its past has been marked by defending Ecopetrol (NYSE:EC), and also called the National Hydrocarbons Agency (ANH) a failure which should be shuttered.
The recent decision of the Constitutional Court to prohibit oil activities in Orito, Putumayo goes much deeper than that particular municipality. It signals a shift in the balance of power between Bogotá and regions when it comes to extractive activities.
Ecopetrol (NYSE:EC) has made a push in local press to justify its adjustments to contract values as a measure to protect employment and the value of the company in oil producing regions, but says that communities must work with it to do so.
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