The legislative bill that bring on the first major changes to the General Royalty System (SGR) since its enactment two years ago has passed its first senate debate.
When last we left Rubiales and Quifa it was a real ‘cliff-hanger’. Rubiales field had issues with produced water and partners Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) had decided to shut down the STAR test at Quifa. A few months later, recently published ANH figures tell us what happened next.
The count increased this week to 40, just above long-term averages and just about the recent average. There was another major pipeline issue in Putumayo.
Industry associations from the mining, energy and infrastructure sectors have elaborated a joint document for the government that offers proposals to alleviate problems associated with prior consultation requirements, which industry representatives say are putting at risk key projects.
The Minister of Mines and Energy Tomás Gonzalez said the government’s current formula to set the price of gasoline and diesel is working and no new fuel law is being considered. The transportation industry reacted calling for a review of the formula and taxes.
The USO held a vote among its affiliates associated with Ecodiesel, part of the Ecopetrol (NYSE:EC) group, and the majority voted to opt for a strike before heading to tribunals to resolve differences in a proposed collective bargaining agreement.
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