The USO has said that it has presented a new list of terms to Ecopetrol (NYSE:EC) which surround a number of policy changes and increased benefits, stances on several environmental issues, and will hold a vote among USO affiliated workers with the NOC on April 25, 2014, in order to demand a new collective bargaining agreement.
Editor’s note: This version of the story clarifies that Gran Tierra Energy had indeed issued a press release to certain local media outlets informing that the suspension of trucks would be a temporary arrangement after HCC received the full release from the company.
The public hearing to grant the environmental license for the Llanos 10 exploratory drilling project came to a close, and with no fanfare, or public condemnation of the project, authorities or grandiose accusations.
Downstream Demand and PricingWTI has been rising steadily all quarter and while Brent has had more ups and downs, these have all been in a tight band around the long term average.
The Colombian government will move forward on its section of pipeline that is slated to connect to neighboring Venezuelan and reach the Pacific coast in Colombia, a project designed to increase access to the Asian markets for both countries. Delays from the Venezuelan NOC, PDVSA, have led Colombian authorities to jump start the program alone.
The Ministry of Mines and Energy and the infrastructure unit of Pacific Rubiales Energy (TSX:PRE) have penned the concession contract to build the Olecar Pipeline, another attempt to mitigate the complicated logistical scenario of sending crude to ports in tankers.
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