Colombia’s Oil Industry Is Desperate For Protests To End

Protests across Colombia, which have been raging for almost a month now, are hurting the oil and gas industry as producers are forced to shut in wells because of roadblocks and transport restrictions.  Latin American oil and gas company Geopark announced a reduction in activities owing to difficulties with transportation, drilling, and the mobilization of equipment and personnel. This will mean an average production decrease of around 12,000-15,000 bpd of oil equivalent, a reduction of around 40-45 percent of its normal daily average, the…