The reversion of the Rubiales field to Ecopetrol (NYSE:EC) must result in a substantial improvement to the quality of life for communities in its vicinity, said Senator Maritza MartÃnez, who added that she will present a constitutional reform to return a greater share of royalties to producing regions.
The Administrative Department of Science, Technology and Innovation (COLCIENCIAS) and the National Hydrocarbons Agency (ANH) decided to give to Colombian professionals the opportunity to continue training abroad through a contest that supports the human capital of the hydrocarbon sector. We attended the kick off meeting and brought back this report.
Ecopetrol (NYSE:EC) through its subsidiary Ecodiesel, has helped create 10,000 jobs and cleaner biofuels in Barrancabermeja thanks to an alliance with different palm oil firms in the Middle Magdalena.
The historic signing of a ceasefire between the Farc and government of President Juan Manuel Santos has given a boost to public opinion on the peace process.
Forming a dialogue and advocating greater transparency among stake holders involved in the extraction of hydrocarbons is a needed but difficult task in the Colombian countryside.
The USO says that it has formally started negotiations with services firm Weatherford, in which greater union rights and benefits for its affiliates are the issue. The union accused the firm of aggressive tactics against its members.
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