The USO has finalized the collective bargaining schedule for this year after deciding to file a new list of terms and withdraw from its current collective bargaining agreement with Ecopetrol (NYSE:EC).
A combination of factors has Colombia set to experience a boom in its proven gas reserves as the government also prioritizes production and consumption of the resource.
The Ministry of Mines and Energy signed a memorandum of understanding with emission reductions organizations, Carbon War Room, during an event in the British Virgin Islands to encourage, implement and strengthen renewable energies in a policy view for the San Andrés Islands.
The mining and energy boom has brought economic benefits says Senator Jose Name, who also charges that the industry has destabilized the Colombian peso, wrecked local agriculture and carries grave social and environmental risks.
Incidents near areas of interest to the oil and gas industry were down slightly to 27 below recent and long-term averages. Non-Armed Forces-reported incidents were below average both in absolute terms and as a percentage of the total. This is our indicator of increased guerrilla-initiated activity. Our 4-week Moving Average incident count was down at 33.8 and the 52 week average was also down at 31.2 incidents per week.
Gran Tierra (TSX:GTE) had teased us with an announcement about its reserve additions in Peru but this week both it and Parex (TSX:PXT) published their full reports on reserves, including detail on Colombia in the case of GTE.
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