• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 12 hours Shale Oil Fiasco
  • 5 hours Might be Time for NG Producers to Find New Career
  • 46 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 2 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 4 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 4 hours Indonesia Stands Up to China. Will Japan Help?
  • 1 day Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 1 day Wind Turbine Blades Not Recyclable
  • 4 hours Beijing Must Face Reality That Taiwan is Independent
  • 12 hours US Shale: Technology
  • 1 day Denmark gets 47% of its electricity from wind in 2019
  • 1 day Prototype Haliade X 12MW turbine starts operating in Rotterdam
The Shipping Industry’s $1 Trillion Problem

The Shipping Industry’s $1 Trillion Problem

The global shipping industry is…

Will The Permian Peak This Year?

Will The Permian Peak This Year?

Though many investors are still…

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
Download on the App Store Get it on Google Play