Relations between communities and oil industry are deteriorating every day. This situation is affecting everyone and it seems that there is no solution.
After months of controversy, the General System of Royalties (SGR) was modified to allow the allocation of royalties’ moniesto finance the post conflict process. Separately, thegovernment announced several infrastructure projects in different rural areas of Colombia. These and other stories in our periodic update.
Ecopetrol (NYSE: EC) said one of its largestoil fields has stopped producing. The company went on to say thatblockades and sabotages to La Cira-Infantasfield could affect nearby villages.
The Colombian Association of Oil Engineers (Acipet) organized a breakfast to give the press “objective, technical and clear information about Hydraulic Stimulation in producingrockreservoirs in Colombia”. HCC was present at the event; we bring a brief summary of the meeting.
The Minister of Mines and Energy, Germán Arce, signed a new agreement by which the National Hydrocarbons Agency (ANH) adopts a new scheme for the allocation of new areas of exploration and production of oil and gas.
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