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.
Putumayo entities have suspended a dialog with the government and threatened another strike, while Parex commits to building another road in Aguazul. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Colombia’s corporate regulator (Supersociedades) has created an “elite group” of experts to deal with a growing number of bankruptcies and company restructuring due to the oil price crisis, in the first quarter of the year the company registered two bankruptcies and 12 restructuring of service firms.
The new National Hydrocarbons Agency (ANH) president Mauricio de la Mora met with the president of the Chamber of Oil Goods and Services (Campetrol) Rubén Darío Lizarralde, to discuss a joint strategy to strengthen the oil sector.
The USO has continued to denounce the alleged firing of Ecopetrol (NYSE: EC) worker USO Vice President Edwin Palma when he published information on social media denouncing the high salaries of Ecopetrol management.
The only concession contract in the Chocó Department assigned during the Colombia Round 2014 has failed to advance, and the reason has nothing to do with the price of oil.
Time is up on a 90-day period given by the Ministry of Mines and Energy (MinMinas) to local municipalities and districts to present details of protected areas, with authorities and advocates questioning the timing and reach of the decree.
After being assured that Ecopetrol (NYSE: EC) will not be privatized, the USO called off their indefinite strike – but already a new issue has flared up. The USO is now contemplating another strike in response to Ecopetrol’s firing of USO vice president Edwin Palma.
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