Repair work on the Caño Limon- Coveñas Pipeline has finally been completed after spending more than two months out of service after successive pipeline bombings and a conflict with the U´WA indigenous group that blocked repair crews.
The director of the Energy, Petroleum and Mineral Laws of the Dundee University in the UK, Peter Cameron, visited Colombia to meet with members of the oil, and said that the industry needs more than just a few supermajors to develop its off shore potential.
The first round of the Colombian elections have come to an end and the results was a win for the Uribist candidate Oscar Ivan Zuluaga over the incumbent President Juan Manuel Santos. (Uribism and Uribists are followers of ex-President Alvaro Uribe’s Democratic Center Party.)
Ecopetrol (NYSE:EC) released US$2B in bonds last week which were met with high demand from the market, creating a demand worth more than five times the amount the NOC looked to obtain, or US$10B.
The USO said that it will include the use of outsourced labor as an agenda item in the upcoming collective bargaining agreement process with Ecopetrol (NYSE:EC) and that the topic is already on the table in discussions in Cartagena.
Despite a unilateral truce by the Farc to respect the presidential election, incidents near areas of interest to the oil and gas industry were up again to 40, above recent and long-term averages.
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