President Juan Manuel Santos signed the contract to recover navigability on the Magdalena River, which promises to offer a new alternative transport route for hydrocarbons. The ambitious project will see work start in June 2015, and has a price tag of US$600M.
Canacol Energy (TSX: CNE) has reported its Fiscal Year 2014 results (ending June 2014), reporting growth in its proven reserves, production and turning around its bottom line.
GasIndustry and government projections for Colombia’s gas reserves oscillate between worried and optimistic, with supplies lasting for 6 or 14 years, depending on the source.
An attack that left two oil contractors working on a section of the Coveñas/Caño Limón pipeline dead underscores an alarming increase in attacks not only against the oil industry’s infrastructure, but its workers as well.
The National Authority of Environmental Licenses (ANLA) has named a new director, Fernando Iregui Mejía, a lawyer with experience in the public sector and environmental law.
The Chamber of Oil Goods and Services (Campetrol) has announced that the former Agricultural Minister Rubén Darío Lizarralde will take on a newly created executive president role as the organization looks to tackle an increasingly complicated scenario facing the industry.
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