Colombia’s oil industry has marked sustained growth over the last several years, but if the prospects of the industry are to continue into a bright future, more reserves must be discovered and added to its ever shortening supply looking forward.
An article in the local paper Noticiero del Llano quoting unnamed “ecologists” is calling on Ecopetrol to assume the social responsibility of exploration and production, and called on readers to voice concerns to a mobile unit of the NOC designed to receive complaints from the community.
The USO confirmed that it will hold its national elections on November 27 and 28, in order to determine the national directors, deputy directors and all other national level roles within the union.
After a setback invalidating the original candidate, the National Hydrocarbons Agency (ANH) has a new president, taping Javier Betancourt Valle for his experience in international contract matters and role in the Colombia Round 2012.
The government is presenting a new formula to calculate fuel prices and the Ministry of Mines and Energy says it has a plan that will not sacrifice income for Ecopetrol (NYSE:EC).
Incidents near areas of interest to the oil and gas industry were down this week to 25 below recent and long-term averages. Non-Armed Forces incidents were average at 16%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 33.5 and the 52 week average was down although essentially unchanged at 33.7 incidents per week.
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