GasIndustrial users on the Caribbean are already feeling a pinch in their gas supply and costs due to El Niño, and this depicts a larger problem of how to boost Colombia’s short term gas supply.
Ecopetrol (NYSE:EC) has reported advances in its Environmental Management Plan for Education and Environmental Culture in Middle Magdalena, and a bill has been submitted to establish environmental royalties. These and other stories related to the environment in our periodic summary.
Ecopetrol (NYSE:EC), through the Colombian Petroleum Institute (ICP) is developing heavy crude water removal technology and has also inaugurated a number of community projects in Meta. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The El Niño weather phenomenon has led to a sharp increase in demand for natural gas, and industries on the Caribbean coast are calling for government intervention due to the deficit and soaring prices.
Ecopetrol (NYSE:EC) has finally made a decision on the future of the Rubiales field, and says that it will directly operate the field once its association contract with Pacific E&P (TSX:PRE) ends in June of next year.
The Casanare Departmental government and local authorities held a roundtable discussion on plans to establish environmental protections in the wetlands near the La Cristalina Lagoon and Paz de Ariporo, parts of which include the Llanos 62 production block.
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