Colombia’s Senate is back in session for 2015 and its first priority involving the hydrocarbons industry is natural gas prices.
Farc commander Rodrigo Londoño Echeverri, alias ‘Timochenko’ criticized the government and called for a transitional process that is applied equally to former guerrilla members and the armed forces.
Crude oil price benchmarks WTI and Brent are not identical so there is a gap. Some think the gap has some physical meaning. Others believe it is tautological: the consequence of different economic forces acting on each benchmark price.
With low international oil prices, practices that increase costs for companies like the use of intermediaries to place workers are even more damaging since it can be enough to make a project unprofitable.
The Minister of Labor Luis (Lucho) Garzon led a meeting on Wednesday with workers, company representatives and government officials to address to potential impact that labor cuts could have on the oil regions. This is a follow-on to an article we published yesterday.
State owned Turkish firm Turkish Petroleum International Company has received its environmental license from the National Environmental Licensing Agency (ANLA) to proceed with a project in Norte de Santander.
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