There was lots of speculation leading up to the Ecopetrol (NYSE:ECP) Special Assembly today. However it was anticlimactic in the final result.
The coordinator of environmentalist NGO El Mastranto Manuel Peña has accused eight oil companies, led by Pacific Rubiales (TSX:PRE) of extracting water from pools designated for livestock and the Guachiría river, which local authorities say may or may not be illegal.
MinMinas resently opened negotiations with various truckers’ associations and representatives of other large domestic users on the stabilization formula for gasoline and especially diesel prices.
An open hearing on the pending public referendum to approve or reject oil production near the municipality of Monterrey has been postponed after Ecopetrol (NYSE:EC) filed a motion to delay the hearing, which will determine its constitutionality.
Pacific Rubiales (TSX:PRE) had to wait more than two years for its environmental license for the CPE-6 block in the Meta Department, finally receiving the green light at the end of 2013. Now a few more details have emerged on the company’s obligations under the license agreement.
The Regional Autonomous Corporation of the Upper Magdalena (CAM) has fined seven transportation companies for environmental damage from oil spills, not having a contingency plan and non-compliance with preventative measures
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