The dispute between the USO and Oxy is grinding away. On the one hand, the USO continues to complain that management is not listening and on the other, holding out the olive branch to continue to extend the dialogues. Last week between a holiday on Monday and then the traditional Colombian Easter holiday from Wednesday noon, the negotiating teams no doubt did not accomplish very much.
This was Holy Week in Colombia, Easter in the Christian calendar, and by luck it corresponded this year with a holiday on Monday, March 25. This meant most of Colombia was on vacation virtually the whole week and the Armed Forces turned their focus to ensuring there were no embarrassing incidents affecting tourists. Lining the roads with soldiers when city dwellers are on the highways is also good publicity. Incidents were down this week to 34, below the long term average.
Orlando Cabrales attended a conference in Argentina on unconventional hydrocarbons a few weeks ago just as he was transitioning from being head of the National Hydrocarbons Agency (ANH) to being Vice-minister of Energy.
Our Monthly Report for March 2013 is now available for download (see below). We have a guest commentary on gas pricing by Felipe Villegas Gómez, León Teicher gives his opinion on best practices for managing community relations and monthly collaborator Tomás de la Calle writes on the economics of exporting oil from Colombia.
The oil & gas and mining companies currently present in Colombia complain, rightfully so, about the lack of coordination between the various ministries and institutions of the state, which inevitably generate delays and uncertainty for their business.
As reported by Dinero, the Sustainable Integrated Management Report 2012 presented by Ecopetrol during its shareholders meeting was qualified, for the second year running, with an A+ (the highest rating) by Global Reporting Initiative (GRI), a sustainability reporting rating company.
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