Paz de Ariporo oil and agriculture producers discuss preservation of local roads while SENA raises awareness of road safety in Casanare. These and other stories in our periodic roundup of road-related issues.
Attacks on Colombia’s pipeline sit squarely in the center of the guerrilla’s strategy, and in 2014 the 136 registered attacks had an estimated impact of CoP$142.14B (US$55.7M) in repair costs alone, according to a study from the Colombian Chamber of Oil Goods and Services (Campetrol).
High energy and transportation costs represent two of the major challenges for the hydrocarbons industry, and recent reports in a local business publication look deeper into the causes and future trajectory.
Ecopetrol (NYSE:EC) has concluded an inspection of submarine pipelines in the Coveñas port, which will connect exportable crude from the land terminal to loading boats at sea.
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.
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