The uncertainty surrounding the future of Colombia’s largest producing field, Rubiales, and the association contract between Ecopetrol (NYSE:EC) and Pacific Rubiales (TSX:PRE), has workers currently assigned in the UTEN union with the later firm demanding more clarity about their future.
The Colombian Petroleum Association (ACP) will be led by a new president, Francisco José Lloreda Mesa, starting in August. Lloreda repaces Alejandro Martínez, who has stepped down after working for the association for the last 20 years.
The National Hydrocarbons Agency (ANH) says that hydrocarbons companies must be prepared for the El Nño weather phenomenon, calling on firms to treat water resources with special care.
A recent change to the norms which dictate how projects needing royalty funds are approved hopes to allow greater flexibility in the entities benefiting from the project and the sources of financing by allowing changes to the project once it has been submitted. Is this a routine dotting of the “i” left out or a sign that greater reform to the new system could be on its way?
The National Hydrocarbons Agency (ANH) will exclude parámos, or high-mountain tundra- from blocks being offered in the upcoming Colombia Round 2014.
While acknowledging that there are long delays in the implementation of royalty projects, which do not always go to the greatest needs, the new system has ended the “super scandals” associated with royalty abuse and corruption.
Sometimes goals are set that would be nice to attain, but some are not realistic considering the situation on the ground, said the Minister of Mines and Energy Amylkar Acosta when doing a balance of his management of the hydrocarbons sector 10 months after taking the helm.
In Meta a tribunal laments the lack of action or interest on road issues from the national government while logistics firm Impala has taken a new, more aggressive strategy to ensuring that transportation contractors comply with routes and regulations. These and other stories involving Colombia’s contested roadways.
The National Hydrocarbons Agency (ANH) held a workshop that covered a number of topics related to security, social conflicts, environment and infrastructure gains for the hydrocarbons industry.
The National Hydrocarbons Agency (ANH) issued its preliminary list of eligible companies, excluding only four from the companies which submitted papers.
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