If Ecopetrol (NYSE: EC) brought CAPEX back home, Pacific Rubiales (TSX: PRE) did the opposite, raising exploration investment outside Colombia by 67%.
A Casanare land owner is accusing Lewis Energy Colombia of working outside the bounds of its environmental license, which she says has affected a local river and flooded her land, and that the company has also been under reporting its production, while one report suggests the dispute is about compensation for production rights on her land.
The National Hydrocarbons Agency (ANH) has unveiled some of the specifics for the 2014 Colombia round production block auction, from which it hopes to attract over US$2.6B by assigning 112 blocks.
Peace talks between the Farc and Colombian government restarted Tuesday in Havana, Cuba, kicking off the 18th round of negotiations and the last of 2013. Talk continues to revolve around the illegal drug trade. Meanwhile in Colombia a unilateral truce has gone into effect.
Following a blockade that limited access to the Rubiales field by local truckers that want a larger role in the transport of crude, Ecopetrol (NYSE:EC) has announced a new contractor selection process designed to open opportunities for local suppliers.
Ecopetrol’s board recently approved the company’s CAPEX budget as we reported yesterday in an article that focused on the Refining and Petrochemical business. Today we step back to look at the panorama.
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