The Meta Department government has frozen more than half of its planned spending on projects that were to be funded by royalties as it prepares for a significant decrease in royalty funds in the next years. This and other stories in our periodic roundup of royalty related issues.
Ecopetrol’s (NYSE:EC) Colombian Petroleum Institute (ICP) former employees who lost their worker contracts back in February wrote an open letter to Ecopetrol president Juan Carlos Echeverry, charging that the NOC has been violating the law by outsourcing labor.
Through the National Federation of Departments, Colombia’s governors have held an extraordinary meeting to align themselves and call on the government to release royalty funds assigned in the 2013-14 budget in their entirety.
Community buildings and common grounds were inaugurated in Pore with an investment from Parex Resources (TSE:PXT) and Geopark (NYSE:GPRK), while Ecopetrol invests in a production project and computer equipment in Castilla la Nueva. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
USO affiliated workers with oil services firm Weatherford (NYSE:WFT) came to an agreement ending a nearly month long strike.
The Colombian Chamber of Oil Goods and Services (Campetrol) and the Casanare Chamber of Commerce (CCC) signed an agreement as part of the new Oil & Gas Orinoquia services cluster to improve communication and cooperation.
Corrales locals speak out against deteriorating roads and authorities call on Coviandes to react to the high amount of deaths occurring on the Villavicencio-Bogotá highway. These and other stories in our periodic roundup of road-related issues.
The Minister of Mines and Energy (MinMinas) Tomás González made a visit to a mayors meeting in Yopal to announce the distribution of financial assistance to oil producing municipalities affected by the drop in oil prices. Over 50 municipal mayors attended the meeting in Yopal.
The Interior Ministry’s Vice Minister has called for hydrocarbons sector participation in regional development, meanwhile Pacific Rubiales (TSX:PRE) develops an agribusiness collective. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The USO has added another conflict point to its menu, as some 25 oil transportation workers protested in the Coveñas port against the port services firm Serviport, blocking the boarding of an oil ship.
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