Some US$1.4M has been allocated to the Putumayo Department for social projects, meanwhile the Tauramena municipality received a positive rating in its audit report of its use of royalties. These and other stories in our periodic roundup.
The Caquetá Planning Secretary Julián Carvajal Zamora said that officials from Emerald Energy did not attend a call to meet with affected communities before starting their exploration work, which he says is a needed step for an exploration and production license to be granted.
The USO lashed out at Ecopetrol president Juan Carlos Echeverry for the “first 100 horrible nights” and blamed him for Ecopetrol’s stock price dropping to the lowest point since entering the stock market which they claim are due to low market confidence in his projects.
At the end of the month Ecopetrol must submit designs for a metropolitan aqueduct that will serve the municipalities of Cúcuta, Villa del Rosario and Los Patios, meanwhile the state oil firm is investing in paving works in Guamal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Following a flare up of violence at the beginning of the month after riot police intervened to remove protesters blocking the entry of machines for an oil exploration program, Caquetá remains tense and defiant.
The Comptroller General has told the Meta government that its statistics on royalty distribution show a discrepancy in departmental data, meanwhile the Comptroller has moved ahead with an audit of the Tolima Government. These and other stories in our periodic roundup.
The USO continues to milk the uncertainty surrounding Pacific Rubiales (TSX:PRE) and the future of the Rubiales field and push for it to be reverted to Ecopetrol (NYSE:EC) control.
In the Putumayo department delegates from a number of oil companies will meet to form a committee to better the region’s roadways, while Ecopetrol’s (NYSE:EC) programs in Meta have received attention from local press. These and other stories in our periodic summary of Corporate Social Responsibility (CSR) news.
The USO said that the arrests of two community leaders in association with protests in the Rubiales field is the latest judicial frame-up by the industry designed to hurt labor union rights in Colombia.
The fall in oil prices and resulting drop in investment has led to more competition between Colombian citizens and foreign oil professionals, thus making the country less attractive for these expat workers, a recent report found.
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