Ecopetrol (NYSE:EC) and Talisman announce commercial viability in CPO-09 block, which will add 35 million barrels of reserves and marks the second addition by the NOC in as many weeks.
Due to a more complicated process and requirements to get royalty projects approved by the National Planning Department (DNP), Colombia’s Federation of Municipalities wants an increase in the funds available to each entity to prepare royalty projects for submission.
In the third national meeting of Colombia’s four main workers unions the organizations formed a proposal to increase the minimum salary by 8%, and an increase in transport subsidies of 12% starting in 2014.
Almost exactly a year ago we published the results of Transparency International’s annual Corruption Perception Index. The graph shows that Colombia’s position has not changed, maintaining its score, its global ranking and maintaining its position relative to other Latin American countries seeking to attract oil and gas investors. The same cannot be said for all of its peers, some of whom have gotten much better (Ecuador) and some of whom have slid down the scale (Guatemala).
Only a day after Ecopetrol and Talisman announced a major discovery in CPO-9, comes this story about complaints of odors in another part of the municipality of Acacias, Meta.
The USO announced the results of their election at the end of November, and the new president Edwin Castaño Monsalve´s first task was to lead an alert that three members of the union have been detained in what the organization calls a judicial set up for actions against Pacific Rubiales (TSX:PRE).
2025, Hydrocarbons Colombia, All Rights Reserved.
