Ecopetrol’s (NYSE:EC) transportation spin off Cenit will not move forward with plans to develop the second and third stage of the Bicentennial Pipeline as the company must cut its budget for large projects in the wake of the falling price of oil.
Ecopetrol (NYSE:EC) president Javier Gutiérrez made a visit to the Meta Department and discussed the NOC’s presence in the region, touching on local hiring, fracking use and production.
The Chamber of Oil Goods and Services (Campetrol) will launch a platform that will allow individuals to denounce instances of corruption in the oil sector, part of its effort to combat unfair practices and increase transparency.
The Ministry of Transportation and national police have announced restrictions of heavy vehicles on 44 different highways in Cudinamarca, Tolima, Santander, Quindío and Meta during December and the holiday season.
Regional governors, industry associations and congressional leaders have sounded the alarms on rate increases on natural gas that are planned for the Caribbean coast for 2015. Critics say the rise will amount to a 25% increase and effect both thermal generators and home consumers.
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