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Asset management and maintenance should be higher on the list of priorities for the oil industry, especially in the face of an industry slump, says the Colombian Association of Engineers (Aciem). While in Europe these activities generate more than 500,000 jobs and US$21B in services, there are no consolidated figures for Colombia.

The Pacific Pipeline is beginning to take shape and officials expect to conclude prior consultation this year, but construction will not likely get moving until the beginning of 2017.

President Juan Manuel Santos inaugurated the expanded and renovated Tenaris’ (NYSE: TS) tubing production plant. The modernization project took 18 months to complete and required an investment of US$240M

Ecopetrol’s (NYSE:EC) transport and logistics spin off Cenit saw an increase in its transported volume in 2014 despite standing out as one of the guerrilla’s favorite targets in the same year.

At the end of November 2014, reports surfaced that the Cartagena Refinery would be functional in January 2015 and see its commercial launch in August 2015. But in Ecopetrol’s (NYSE:EC) latest earning results, management said that once again, that timeframe will be pushed back.

Three years after its spin-off from Ecopetrol (NYSE:EC), Cenit’s value and operation has become one of the NOC’s critical assets.

In light of new discoveries in departments like Sucre while supply from La Guajira declines, gas transporters TGI and Promigas both have significant investment plans to expand the gas infrastructure network. Both still await authorities to take bigger steps forward.

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 floating regasification plant that Promigás is building through a port consortium (El Cayao) has been completed, but the remainder of the plant awaits an environmental license to get started.

Pacific Rubiales’ (TSE:PRE) recently inaugurated Puerto Bahia port project has been live for two weeks, and the firm is not concerned about the implications of the low oil price on its operations or the viability of the project.