The Baker Hughes US rig count is more than ten times higher than the Colombian count so we indexed the month-end counts to see trajectories and measure speed of reaction to the dramatic decline in crude oil prices since last June 2014.
The attack on the Transandino Pipeline (OTA) in June of this year has been labeled the worst in Colombia’s history due to the extensive environmental damage which occurred from the spilled oil. Four months on, the initial emergency measures are just now being concluded.
The Senate’s Sixth Commission held a debate on the legal framework for oil companies regarding roads, and said that the current laws for rural backroads are not doing enough to serve the community in producing regions.
A Cienega municipality administrator says Comptroller findings reflect administrative errors not funds misuse, meanwhile The Ministry of Mines and Energy (MinMinas) is allocating CoP$9B (US$3M) to incentivize production. These and other stories in our periodic roundup.
Oil-spill drills were carried out in Yopal and in Ecuador, meanwhile an actual oil spill and fire occurred after a tanker truck went off the road in Aguazul. These and other environmental stories in our periodic summary.
A report from security consulting firm Ágora confirms that it is not only pipeline and infrastructure explosive attacks that have dropped in 2015, but also extortion against hydrocarbons firms and kidnapping, with common criminals the main culprit.
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