Bad week for Mexican President Enrique Peña Nieto: a top crime boss escapes from prison in spectacular fashion and the much vaunted Round 1 (shallow water) auction was a spectacular failure. We publish the results and make commentaries on what this means for Mexico, Colombia and the region.
As Ecopetrol (NYSE: EC) finished cleaning up the aftermath of a Farc attack, Cormacarena and others denounce the Farc’s irreparable damage to the environment. These and other environmental stories in our periodic summary.
The oil industry is one of Colombia’s economic pillars, but onshore exploration activity needs a substantial boost otherwise the impact will be felt in regions and the local economy, warns Colombia’s Chamber of Oil Goods and Services (Campetrol).
With three months under his belt as Ecopetrol (NYSE:EC) president Juan Carlos Echverry has started leaving his mark on the structure of the NOC as it looks to fulfill its new strategy through 2020, but structural challenges remain strong.
The Farc announced a new unilateral truce but only after July 20th. Meantime, the total incident count was down again to 32 but guerrilla-initiated incidents (by our methodology) were flat and the 4-week trend continued up.
In the Putumayo department delegates from a number of oil companies will meet to form a committee to better the region’s roadways, while Ecopetrol’s (NYSE:EC) programs in Meta have received attention from local press. These and other stories in our periodic summary of Corporate Social Responsibility (CSR) news.
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