Canacol Energy (TSX:CNE) reported an increase in production and revenue growth for its first quarter of the 2015 fiscal year. However like much of the industry, costs and the price of oil have taken a toll.
Supporters of prior consultation processes held a debate in Colombia’s senate, questioning why ministers and the President Juan Manuel Santos himself have “demonized” the process as being solely a way for communities to take advantage of projects taking place near their borders.
The count actually decreased to 37 this week, around recent and long-term averages. However, guerrilla-initiated incidents were up, the Farc launched an audacious attack on a Pacific Island and the kidnapped general still has not been released.
The USO has jumped on board with a theory that the government is working behind the scenes to create a scenario that would favor the sale of Ecopetrol (NYSE:EC) to private individuals and companies and ruin local economies.
Terpel’s Gazel chain says that it expects that within 5-10 years there will be up to 30,000 buses and trucks running on natural gas instead of diesel.
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