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Comptroller finds USD15M in royalty abuse in Arauca hospital

The Comptroller General says it has uncovered overcharges in acquisitions of equipment in the San Vicente de Arauca Hospital that totals some CoP$29B (USD15M), all coming from royalty payments.

Wednesday, August 21st, 2013
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Government says new gas procurement system will lower prices

Government says new gas procurement system will lower prices

After an prolonged debate the Colombian government issued a resolution that aims to lower gas prices using either bilateral agreements or public auctions, depending on the balance of supply and demand.

Wednesday, August 21st, 2013
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Despite pressure, Ecopetrol still evaluating Rubiales future

Ecopetrol’s president Javier Gutiérrez said this week that the NOC continues to evaluate fundamentals to decide if it will extend or not the concession of the Rubiales field with Canada’s Pacific Rubiales Energy past its current expiration date in 2016.

Wednesday, August 21st, 2013
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Accusations of a blind eye towards regions and contamination in Meta

A feature article in national newspaper accuses Ecopetrol of contributing to environmental contamination in Meta while the central government continues to approve projects in regions without fully understanding their consequences.

Tuesday, August 20th, 2013
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Equion says strike at Floreña facilities could cost 3,000 barrels/day next year

Oil producer Equion says that a strike of workers expanding its Early Production Facilities (EPF) at its Floreña well could mean losing 3,000 barrels of oil a day from daily production next year if not resolved.

Tuesday, August 20th, 2013
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National strike leads to multiple blockades

A national strike led primarily by agro-workers has left around 16 highways with blockades and closed to traffic. Other sectors, such as truckers and health workers, joined the strike, which is set to continue indefinitely.

Tuesday, August 20th, 2013
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