Canacol Energy (TSX:CNE) reported its fiscal year third quarter 2014 results which included operational and financial gains bright enough for the company to accelerate its investments in drilling programs for Colombia.
The Ministry of Mines and Energy sent its two highest ranking officials to discuss transportation infrastructure at a recent conference held by Ecopetrol (NYSE:EC) transportation spin off Cenit. They announced a new regulatory structure and looked to reaffirm MinMinas commitments to large, strategic infrastructure projects.
Ecopetrol’s (NYSE:EC) president Javier Gutiérrez attended an event in Neiva, Huila to showcase the advances that the NOC has made in the southern region of the country, highlighting production and the return for the local community.
The USO says it has formed its team that will negotiate a new set of terms and collective bargaining agreement with Ecopetrol (NYSE:EC), and has already started training with the bargaining team.
Incidents near areas of interest to the oil and gas industry were down to 32, below recent but above long-term averages. Non-Armed-Forces-reported incidents were below average in percentage terms and in absolute terms. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was up however at 35.0 but the 52 week average was down at 31.1 incidents per week.
The director of the National Hydrocarbons Agency Javier Betancourt says that the exploration and production contract for the VSM-13 block, located along the Las Ceibas river will not go forward and that Pacific Rubiales (TSX:PRE), who holds the contract through an acquired subsidy Alange Energy, wants to end the concession.
2025, Hydrocarbons Colombia, All Rights Reserved.
