Much has been said about the formula used to determine monthly gasoline and diesel prices, especially since the fall of international crude prices. But it is becoming clearer that the Brent and WTI have only a small impact in the Ministry of Mines and Energy (MinMinas) calculations.
Following up on actions in 2014, the Ministry of Mines and Energy (MinMinas) has extended a series of workshops to facilitate better relations between regional authorities, companies and communities, choosing Arauca as the first host for the meetings this year.
GeoPark trains high altitude workers on safety procedures, meanwhile Gran Tierra Energy (TSX:GTE) implements a preventative health and safety campaign. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The president of Ecopetrol (NYSE:EC) has been promoting cost cutting programs that will clip CoP$1.4T (US$465.7M) from the company’s operational costs and help it confront the price scenario profitably.
Guerrilla-initiated incidents by both groups went way down this week, but the Armed Forces picked up the slack driving total incidents up to 28.
A local paper published a document from Caquetá professionals in the field of social research who see the region’s unique environmental riches and the impact on the social conflict as the main reasons why the region is not suited for oil production.
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