Colombia total production was down 4mbd sequentially. Now that some of the major players have reported, the winners and losers are becoming clearer.
The oil industry is interested in continuing to invest in Colombia, but three principal factors – licensing, attacks and blockades — are making an already complex process even more difficult and threatens the economic potential that the industry could generate, says the president of the Colombian Petroleum Association Alejandro Martinez.
Farc leader and negotiator alias “Jesús Santrich” told reporters that the parties are “three or four paragraphs” away from an agreement on the illegal drug trade, as another round of talks started this week in Havana.
Parex Resources (TSX:PXT) has installed a series of windmills that are being used to power water supply in the Caño Chiquito settlement, in the municipality of Paz de Ariporo as part of its social investment plan.
Fuel prices dropped in May as the Ministry of Mines and Energy adjusts its formula to set them, while the issue continues to gain traction on different fronts.
Accusations that oil production is destroying local water resources continued to make their way, while a number of oil industry institutions have embarked on campaigns to counter the idea, which is being used to advance the agenda of those opposed to oil. These and other environmental stories from local media.
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