The Minister of Mines and Energy Amylkar Acosta published an opinion piece in which he highlighted the gains in terms of energy security for the country, pointing out that it is one of the highest ranked nations in terms of energy security in the region, something that will be crucial to prepare for potential effects of El Niño weather phenomenon.
During the debate on the Casanare drought in Colombia’s Senate, the Minister of Mines and Energy (MinMinas) Amylkar Acosta addressed accusations that oil production is depleting water resources in Casanare and addressed the increased seismic activity in Puerto Gaitán, Meta, saying that scientific research must confirm the causes.
The government has received substantial political pressure to lower fuel prices, but Ecopetrol (NYSE:EC) says it will continue to produce fuels despite a price that cuts into their margins and in turn, their ability to invest.
Senator Martiza Martínez, a regular critic of the oil industry in Colombia’s senate, says that oil companies should stop receiving tax benefits due to the damage she says that exploration and production activities do to the environment, and that a new “green tax” should be created as well.
The focus of Colombia’s government and business sector on exporting hydrocarbons and fuels has hurt the advances of the manufacturing industry as the country focuses on extracting commodities instead of adding value to raw materials says a research report.
The Colombia-Canada Chamber of Commerce held a session for the oil and gas industry with the ANH’s Javier Betancourt Valle. He was accompanied by vice presidents Nicolas Mejia Mejia (Promotion and Assignment of Areas) and Carlos Mantilla McCormick (Hydrocarbons Contracts).
The Colombian Petroleum Association (ACP) says that it expects 140 exploratory wells to be drilled in 2014, a number which is 20% above its total for last year but well below lofty projections from the National Hydrocarbons Agency, which expects 233.
In Huila and Putumayo, the number of tankers on the road has dropped by 40% since an announcement three weeks ago from President Juan Manuel Santos that pipelines would be used instead of trucks when possible to reach the Tumaco port.
The Monterrey municipal council says it will go ahead with a public referendum to accept or reject oil exploration and production near the municipal water resources despite warnings and court rulings that this task is reserved for the national government.
Pacific Rubiales (TSX:PRE) president Jose Francisco Arata published an opinion piece in the magazine of a national paper and talked about what would contribute to a stable, developed economy and industry in 2074.
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