The floating regasification plant that Promigás is building through a port consortium (El Cayao) has been completed, but the remainder of the plant awaits an environmental license to get started.
The General Comptroller (CGR) says that Ecopetrol (NYSE:EC) has incurred a CoP$16.5B (US$6.5M) loss due to poor control and contract management when receiving fields being operated by other operators, amounting to a loss of state resources, a charge which the NOC denied.
The ELN guerrilla says that it needs funds to sustain its fight for its cause, and what better place to get them than multinational oil companies, which its commander says are merely looting the resources of common Colombians.
Natural gas distribution and commercialization firm Gas Natural Fenosa says that growth in the number of natural gas vehicles conversions stood out in its 24% increase in its sales volume during 2014.
The Colombian Chamber of Oil Goods and Services (Campetrol) believes that using a shared risk model could help the struggling oil services sector by taking on a greater part of the risk, and the potential for rewards, between operators and service firms.
Ecopetrol (NYSE:EC), Petrobras (NYSE:PBR) and Repsol (MSE:REP:MC) are advancing in offshore exploration along the La Guajira coast and the former Minister of Mines and Energy Amylkar Acosta believes that there could be announcements of oil and gas discoveries in the coming months.
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