Ecopetrol (NYSE:EC) says it has a contingency workforce and that a strike by the USO oil workers union would be illegal and could lead to dismissals. Meanwhile the union is preparing a 24 hours strike for March 19, which could be expanded into an indefinite one.
Nunchía authorities agreed to expedite the disbursement of CoP$1B (US$380,000) for electrification and gas coverage expansion from the Bicentennial Pipeline while the ANH and UN Development Program have started workshops to improve community relationships with the industry. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Parex Resources (TSX:PXT) posted strong production gains in 2014 through acquisitions and organic growth, hitting 22,526boed average for the year, a 42% increase over 2013. However struck by the fall in world oil prices, the company reported a net loss for the year of US$108.8M although more than 100% of this was due to a non-cash write down of assets in Colombia and Trinidad.
Incident counts went up significantly this week to 33 but qualitatively we are still in the same ‘quieter’ period with respect to guerrilla-initiated activities.
The Casanare administrative court will inspect Mate Marrano wetlands after The National Environmental Licensing Agency (ANLA) did not show for a hearing, and authorities say that thus far Paz de Ariporo is not suffering from drought conditions like last year. These and other environmental stories in our periodic summary.
Pacific Rubiales (TSX:PRE) delivered a proposal which would keep it in the Rubiales field following the end of its association contract, offering a give and take to Ecopetrol (NYSE:EC) based on its ability to improve secondary recovery, expand the number of wells and implement new technologies.
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