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.
The General controller Edgardo Maya Villazón said that royalty projects should face tighter time-frames due to the large quantity of projects that have been approved but not implemented. This and other royalty-related stories in our periodic summary.
Parex Resources (TSX:PXT) and Cepcolsa are working with local suppliers in Aguazul in an initiative led by a Casanare assembly representative, while Ecopetrol (NYSE:EC) also signs four agreements for Corporate Social Responsibility (CSR) projects in Casanare. These and other stories in our periodic summary.
The National Planning Department (DNP) says that it will dip into resources from the Regional Development and Stabilization Fund and use past surpluses so that the 2015-16 royalty budget can be implemented despite a CoP$6T gap in funding due to the fall in world oil prices.
The USO takes credit for averting “mass lay offs” in Pacific Rubiales (TSX:PRE) after organizing protests in the Rubiales area.
After nearly two months of blockades in Caquetá over an exploration project by Emerald Energy, tensions have elevated the conflict to a new high after riot police cleared protesters by force last week.
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