Canadian Pacific Rubiales Energy (NYSE:PRE) has proposed that it deploy Synchronized Thermal Additional Recovery (STAR) in the Rubiales field to boost its current production and hand off current primary production to Ecopetrol (NYSE:EC) once the current production contract expires in 2016.
Incidents near areas of interest to the oil and gas industry were up again this week to 34 above recent but below long-term averages. This was a slightly below average week for non-armed forces reported/guerrilla-initiated incident. The increase caused our 4-week Moving Average incident count to go up to 24.6 but the 52 week average dropped slightly to 36.6 incidents per week.
Communities and CSRThe Caquetá Department governor Víctor Ramírez says that the national government has repeatedly found ways to block the awarding of royalty funds, which according to him is the only source of finances for social investment for the department.
The time to debate a possible March 2014 referendum that would approve an eventual peace agreement is waning and a congressional vote looms just ahead. The First Commission of the Senate and House delayed a critical vote on the referendum until next Tuesday, September 17th.
UPDATED — Colombia’s Supreme Court has ruled the current pricing scheme in which the presidential administration smooths prices is unconstitutional. Instead any mechanism should fall to congress. Meanwhile the Liberal Party pushes the new mines and energy minister to study a decrease in fuel prices.
A technical issue caused the original article to have incorrect conclusions. It has been re-issued here. We apologize for any misunderstanding this might have caused.
2024, Hydrocarbons Colombia, All Rights Reserved.
