The controversy surrounding the operation of Colombia’s largest producing field, Rubiales, continues past Ecopetrol’s (NYSE:EC) decision to operate the field on its own. Now statements from the Minister of Labor Luis Eduardo Garzón have ignited a debate on current operator Pacific E&P (TSX:PRE) workers at the field.
Written deep in the Southern Llanos, a local paper goes into an anti-oil rant that essentially says even those that had seen production activities in a positive light are left without any arguments because the benefits of having the resource nearby do not materialize.
A recent poll found a significant increase in public support for the peace process even though the approval of President Juan Manuel Santos rose to a smaller degree, while the Farc announced it will stop buying weapons and munitions, and called for a mutual truce.
Canacol Energy (TSX:CNE) reported its third quarter 2015 results, which showed a sequential increase in production and a fall in costs, but gas production fell sequentially although up year-over-year.
After Ecopetrol (NYSE:EC) said in no uncertain terms there is no money to modernize the Barrancabermeja Refinery despite outcry from residents, the oil workers union USO has charged that the NOC is planning to sell the unit, which the firm denies.
The National Hydrocarbons Agency (ANH) president Mauricio de la Mora outlined the entity’s goals in a meeting with the business sector and said that it expects 28 to 32 exploratory wells this year.
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