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Gas production falls again

Gas production falls again

The Colombian government announced that natural gas production for April 2016 fell 2.51% versus March. It provided no explanation.

Wednesday, May 25th, 2016
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Advice for the oil sector unemployed

The drop in spending, shuttered fields and suspended contracts have left many of the industry’s workers without a job, with estimates running between 40,000-60,000 affected individuals. A Colombian consultant in matters of pensions has some advice for those left without work.

Wednesday, May 25th, 2016
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92% of fields profitable at US$34.41/barrel, says Campetrol

The Association of Colombian Oil Goods and Services (Campetrol) said that at a price of US$34.41/barrel, 92% of Colombia’s producing fields yield a netback. The problem however lies in the high regional costs, blockades and now court decisions which cut into the country’s competitiveness.

Wednesday, May 25th, 2016
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CSR Summary: Ecopetrol awards innovation

Ecopetrol (NYSE:EC) announced a national campaign which looks to recognize projects which are leading the way in innovation and competitiveness in issues that directly affect oil producing regions. This and other stories related to Corporate Social Responsibility in our periodic summary.

Tuesday, May 24th, 2016
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So much for expedited licenses

In the first major regulatory act of the new Minister of Environment Luis Gilberto Murillo, a new council will review the process to award environmental licenses and will no longer look to meet established timeframes for “expedited”, or “express” environmental licenses. The measure could affect licenses which have already been granted.

Tuesday, May 24th, 2016
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Constitutional Court suspends another project over prior consultation

The Constitutional Court has suspended another project after it ordered the immediate suspension of the construction of a gas pipeline in the Pascacaballos settlement near Cartagena, and ordered the project to hold a prior consultation process with several local groups.

Tuesday, May 24th, 2016
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