In order to offer current and potential suppliers an updated panorama into different aspects of the oil industry Ecopetrol has agreed with The University of Bogotá Jorge Tadeo Lozano to create a “Supplier’s University”, and will subsidize the cost during the first stage of the project.
Incidents near areas of interest to the oil and gas industry were down to 28, below recent and long-term averages. Non-Armed-Forces-reported incidents were above average in percentage terms and average in absolute terms. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was down at 35.0 and the 52 week average was down slightly at 31.1 incidents per week.
GasEcopetrol (NYSE:EC) will build a bi-directional gas plant together with Chevron (NYSE:CVX) in order to both store natural gas in case of shortages and also export to other markets.
The School of International Affairs of Columbia University is conducting a study of Colombia’s mining and energy boom and the best practices that the country, and extractive companies can adopt to best take advantage of this boom.
The USO did not let the three year signing of the free trade agreement between the United States and Colombia pass without pointing out what the union considers a concerted effort from the central government to suppress union rights, one of the contentious points of the agreement in the US congress.
This week the Ministry of Mines and Energy (MinMinas) issued a number of statements covering policy items, including a lesson on international price trends, a message of support for the mining and energy sector from President Juan Manuel Santos and a forecast that fuel prices would fall.
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