News and AnalysIs for

The union reacted to the Agreement signed with Ecopetrol (NYSE:EC) and spoke on what is left to eventually discuss.

Based on a reader question, we decided to look at the available data on reinjected gas. That did not turn out to be easy, at least going back in time, (See Methodological Note) but did allow us to look at some other interesting questions like solving the looming supply gap.

At the recent ACIEM Enercol Conference, there was a very interesting debate about the second regasification plant. Even I have to admit the bureaucrats made their case.

The oil price recovery has generated high expectations in the private and public sector due to its multiple benefits. Experts talked about the behavior of oil prices and its possible benefits for Colombia.

The decline of natural gas fields in the Catatumbo region, which supplies this fuel to Cúcuta and its surroundings, worries authorities. This project could save gas service in the area.

Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.

Coomulpinort, a governmental Association that works towards finding new jobs for ‘pimpineros’ (people dedicated to oil smuggling), spoke about this crime. The development of these and other stories in our periodic Security summary.

The department of Casanare is one of the main oil-producing regions in Colombia. The oil crisis seriously affected the economy of this region, but the department saw this situation as an opportunity.

A new fracking debate will soon take place in Congress. Hector Manosalva, Ecopetrol’s (NYSE: EC) Vice President of Development and Production, spoke about what this technique represents for the country.

The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the exploratory drilling project Rio Zulia West of the company Turkish Petroleum.