The National Mining Congress included a presentation of the ‘Mining Compass’, a commissioned study that found growing pessimism for the future of the industry, but an improvement in the general public opinion facing this industry.
The General Comptroller has released comments on the royalties budget for 2015-2016, criticized the slow pace at which royalties projects are being executed and highlighted an unrealistic reference price per barrel of oil. These and other stories in our periodic roundup.
With social investment and corporate social responsibility budgets cut tight with the fall in oil prices, a document filed with the National Department of Planning (DNP) outlines which priorities the government considers the most urgent.
Estimates from the Casanare Chamber of Commerce show that the market for contractor firms has been halved due to the fall in oil prices, and could be greater when considering the indirect industries which have been affected.
An article in a respected business magazine suggested that oil and gas companies would soon be trying to attract tourists and grow vegetables. But really it was about Campetrol’s program to help rural areas affected by the decline in jobs, CSR and direct royalties.
As the situation around Ecopetrol (NYSE:EC) installations gets more complicated, the USO finally received its first request, a meeting with Ecopetrol’s president and his senior team.
Ecopetrol releases a summary of its investment projects in Villavicencio and Meta, and also invests in helping local coffee producers make a better cup of joe. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The Colombian Chamber of Oil Goods and Services (Campetrol) believes that using a shared risk model could help the struggling oil services sector by taking on a greater part of the risk, and the potential for rewards, between operators and service firms.
The USO has completed more than two weeks of strikes at Weatherford’s (NYSE:WFT) offices in Santander, and is accusing the firm and public officials of colluding against the rights of the workers and union.
After three weeks of blockades and protests from the El Morro community, which has led the the halt of operations at Equion’s Floreña well and facilities, community leaders have sat down with the firm and submitted eight demands that they are looking to see fulfilled.
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