• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 days Wind droughts
  • 2 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 11 hours Xi Is Set To Be Re-Elected As China’s Leader
  • 9 days Oil Prices Fall After Fed Raises Rates
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 14 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Oil Prices Could Be Set For Another Sharp Rise

Oil Prices Could Be Set For Another Sharp Rise

Bullish and bearish catalysts are…

Oil Giant Comparison: BP vs Suncor

Oil Giant Comparison: BP vs Suncor

Both BP and Suncor have…

Colombia Struggles To Resolve Oil Standoff With Native Tribes

The Colombian government is seeking to resolve a conflict with native tribes after attacks on an oil pipeline curtailed production.

Government officials planned to meet with members of the U’wa Indians on April 25 to try and negotiate access to repair the pipeline, according to the Wall Street Journal.

The Cano Limon pipeline owned by state-owned oil company Ecopetrol normally carries 72,000 barrels per day, but it has been offline for over a month. Leftist rebels attacked it on March 25, blowing up a section of the pipeline.

The explosion occurred on U’wa land, and the tribe refused to allow repair crews onto their land to fix the pipeline because they said they are fed up with oil pollution.

“We are tired of the explosions on the pipeline that have ruined our ancestral lands, polluted our water and put our people in danger. We want it relocated,” a spokesman for the U'wa Association, told the commodity news site Platts in a telephone interview.

The unrepaired pipeline remains offline and the government says it has lost more than $136 million in revenue. Some 500 oil workers have been temporarily laid off.

Related Article: Canada’s Indigenous First Nations Threaten $600 Billion in Energy Deals

Attacks on pipelines are common in Columbia country and the 480-mile Cano Limon pipeline offers a big target for would-be saboteurs. The pipeline was temporarily forced to shut down last October after multiple explosions.

Oil production makes up the core of Colombia’s revenues and the country has almost doubled its oil production over the past decade, to more than 1 million barrels per day.

It is now Latin America’s fourth largest oil producer.

By Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News