Agree or disagree with the peace process, Thursday’s signing of a bilateral ceasefire is a watershed point in Colombian history.
A small sign of progress as Ecopetrol (NYSE:EC) confirmed that it has restarted a drilling campaign, with new developmental wells in the Chichimene and Castilla fields, after a renegotiation of its drilling contracts that culminated last month.
After a successful strategy to diversify its production towards gas, Canacol Energy (TSX:CNE) says that it could replace 60% of Colombia’s current natural gas reserves, but to do so infrastructure bottlenecks must be addressed.
Government and Farc negotiators announced on Wednesday that an agreement had been reached on a bilateral and definitive cease fire. President Juan Manuel Santos and other heads of states gathered in Havana today (Thursday, June 23) to sign the agreement.
The Colombian Association of Natural Gas (Naturgas) has called on the national government to intervene at the Gibraltar gas plant after two indigenous groups blockaded the plant, trapping 19 employees inside for more than a month now, or face shortages in the area.
Looking for new ways to grow its already significant fuel and lubricant distribution business, Terpel put new emphasis on the quality of service offered to customers, adjusting its infrastructure to do so, and logged a 6% increase in sales as a result in 2015.
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