The constant decline of existing gas fields like those in La Guajira, and a lack of new sources has spelled the end to an expansion of thermal generation plants designed to back up the general electrical grid.
The General Controller (CGR) Edgardo Maya Villazón has issued yet another report which found multiple ‘white elephant’ projects in 16 departments. Exactly the problems the General Royalty System and the overall of the royalty scheme were supposed to prevent.
Ecopetrol (NYSE:EC) has started the process of naming a new president for the Cartagena Refinery, with an international headhunt expected to bring an executive with precise knowledge of the petrochemical market and refining operations.
Ecopetrol (NYSE:EC) has announced that the Gunflint field has started producing 20,000bd, of which its US subsidiary has a 31.5% share, and the NOC highlighted the strategic nature of this sort of asset.
The director of the Energy and Gas Regulation Commission (CREG) Jorge Pinto Nolla said the entity’s main strategy to supply the market with natural gas is based on regasification plants, and clarified that natural gas appears, it does not just result from a plan.
The Minister of Labor Clara Lopez was again on the trail in Colombia’s regions denouncing the labor losses of the oil industry and effects for local economies, while an issue in Huila on disabled workers has received greater attention after a Senator intervenes.
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