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Communities often complain about low hiring of local labor. Authorities have issued a new regulation on this subject for department of Meta.

The government and authorities have been working to boost offshore exploration in Colombia and the sector is ready to start activities this year. The companies have their plans ready; only some regulations are missing.

GeoPark (NYSE: GPRK), Parex (TSX:PXT) and Equion celebrated positive results regarding social development projects in their areas of influence, but strikes in the Casabe field against Ecopetrol (NYSE:EC), and in the Maní municipality against Tuscany Drilling (TSE:TID) for alleged lack of local labor hiring overshadowed the good news. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P, and now executives of both NOCs signed an agreement that allows the joint development of mature fields, enhanced recovery technologies and offshore exploration.

The oil industry has had to face a complicated situation in recent years. The oil price drop affected all companies in the sector. Opinions are mixed about performance this year.

The Government formally requested Colombia’s early validation to the Extractive Industry Transparency Initiative (EITI), and will sponsor the Dominican Republic’s entry