• 15 mins Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay
  • 45 mins Minnesota Begins Public Hearings On Enbridge Line 3 Project
  • 1 hour China Looks To Create National Natural Gas Pipeline Firm
  • 2 hours Total Not In A Rush To Sell Canadian Oil Sands Assets
  • 2 hours DOE Seeks To Boost Usage Of Carbon Capture Tech
  • 3 hours Taxpayers Likely To Pick Up The Growing Tab For DAPL Protests
  • 6 hours WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 12 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 17 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 21 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 1 day Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 1 day Chevron To Invest $4B In Permian Production
  • 1 day U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 4 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 5 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 5 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 6 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 6 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
Expect A Flurry Of Oil Deals In This Asian Nation

Expect A Flurry Of Oil Deals In This Asian Nation

Japan is looking to increase…

Expert Commentary: An Oil Price Correction Is Due

Expert Commentary: An Oil Price Correction Is Due

Oil prices rallied higher this…

Latest Pipeline Bombing Adds to Industry Woes in Colombia

Ecopetrol pipeline attack

The government of Colombia and the National Liberation Army (ELN) rebels announced plans to begin peace talks in March but the situation between the two entities has remained tense. It recently deteriorated further when the rebels killed six members of that country’s security force and bombed the Caño Limon-Coveñas, which is the second-largest oil pipeline in the nation.

The pipeline is located near the Venezuelan border and belongs to the state-run company Ecopetrol, which celebrated its 52nd anniversary this past weekend. Ecopetrol issued a statement blaming the ELN for the attack.

According to Orlando Hernandez, president of Agora Consultorias, the Colombian military has continued operations against rebel groups and criminals in the rural areas of the country. The presence of those groups has made the situation difficult and dangerous in Colombia’s oil fields. Hernandez reported that while FARC (The Revolutionary Armed Forces of Colombia) has decreased its activities following a cease-fire one year ago, the ELN has stepped up its attacks. The ELN has carried out 15 other attacks on pipelines so far in 2016. Last year, the group was responsible for five attacks.

Attacks by rebel groups such as ELN are not the only problems for the oil industry. Members of the local communities and indigenous groups have been blockading oil and gas facilities. Some have environmental concerns about oil and gas activity while others are seeking concessions for labor or royalties.

Related: Gas Pump Skimming At New Records This Holiday Weekend

Ecopetrol executives have said that these blockades have caused more problems than the activities by the rebel groups. At present, a blockade at the town of Gibraltar in the northeast area of the country has resulted in a 30 percent spike in natural gas prices for customers in the town of Bucaramanga, which is located nearby. That blockade has been in place for one month. In 2015, repairs crews were stopped from working on the Cano Limon pipeline for two months. Hernandez said the delay resulted in millions of dollars of lost oil revenue.

By Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News