Colombia’s main gas transporter TGI has moved Riaño Alarcón into the role of president, drawing on his experience with the firm as regulation manager as the firm looks to adapt to a new regulatory framework for gas.
Perenco says that illegal blockades at its La Gloria Station in Aguazul Casanare have forced it to close its operations in the area.
A kind of class action lawsuit, or “Popular Action” has been verified Casanare Administration Tribunal after a public hearing late last week, in which Ecopetrol (NYSE:EC) has been required to install a valve for its natural gas line to the Agauazul municipality.
Pacific Rubiales (TSX:PRE) and Belgian sea shipping logistics firm have signed an agreement to move forward with a natural gas liquefaction barge that could develop new markets for PRE and Colombia’s gas business.
Interoil (OL:IOX) says that the National Hydrocarbons Agency (ANH) wants to terminate two of its production licenses for the LLA-47 and COR-6 blocks over unpaid bank guarantees and breach of contract. The company says that in COR-6 social and environmental conditions make work impossible.
A number of villages in Yopal have rejected Parex Resources (TSX:PXT) Crytpo-1 project on grounds it would affect the water supply, while the company says the community will not hear their side of the story and assures the water would be safe.
Problems surrounding an ethanol plant that is to be built by Ecopetrol’s (NYSE:EC) biofuels unit Bioenergy have made their way to the Colombian Senate, and Senate Martiza Martínez wants ECP president Javier Gutiérrez and Bioenergy manager Aleck Santamaría de la Cruz to explain the status of the plant.
Ecopetrol’s (NYSE:EC) new regional vice president Francy Ramírez Arroyave has taken her post and looks to strengthen the company’s regional presence and autonomy, while at the same time staying aligned with larger corporate objectives like growing overall production.
Add biofuels refining to the list of problems that Ecopetrol (NYSE:EC) has racked up, with a planned plant facing a familiar trend of labor issues, overrun budgets, and delays.
Pacific Rubiales (TSX:PRE) has no plans to sell its assets in Colombia or leave the country, and plans to invest US$1.8B to strengthen its operations in the country.
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