The count dropped again this week to 37, just above long-term averages but below the recent average. However, non-Armed-Forces-reported pipeline incidents surged.
A senator from the human rights commission wants to see more positive impact from hydrocarbons on the local community, a Meta representative says the department is getting cut short on royalties. These and other stories in our regular wrap of royalty coverage.
More than three years after protests led to a dialogue between Pacific Rubiales (TSX:PRE) and municipal leaders, the implemented program which stemmed from the talks is being cast as a model for other regions to follow.
Problems surrounding an ethanol plant that is to be built by Ecopetrol’s (NYSE:EC) biofuels unit Bioenergy have made their way to the Colombian Senate, and Senate Martiza Martínez wants ECP president Javier Gutiérrez and Bioenergy manager Aleck Santamaría de la Cruz to explain the status of the plant.
The Minister of Environment (MinAmbiente) Gabriel Vallejo has signed off on a decree that authorizes an expedited licensing process as promised by President Juan Manuel Santos, but which has stoked push-back from environmentalists.
While authorities say all is well, some industry players say that the increase in demand for natural gas –some 57.2% between 2009-2014- is already creating shortfalls in supply that could lead to rationing.
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