C&C Energia halts Colombia drilling on local protests

Oil resources developer C&C Energia Ltd said on Friday it suspended production at two of its blocks in Colombia due to protests and road blockades, but talks have resumed to resolve the issue.
C&C Chief Financial Officer Kenneth Hillier told Reuters that the company was likely losing C$250,000 a day in cash flow due to the protests. But two of four blockades had been lifted and there was no risk the company would declare force majeure.
[Read more]
Source: Reuters