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Echeverry calls for calm on falling ECP share price

Echeverry calls for calm on falling ECP share price

Ecopetrol’s (NYSE:EC) stock has fallen to historic lows on the Bogota exchange and has also suffered in New York, while the company’s president Juan Carlos Echeverry calls for calm.

Tuesday, August 25th, 2015
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More gas infrastructure needed, says UPME

The Mining Energy Planning Unit (UPME) director Jorge Valencia says that whether it is through parallel networks, capacity increases or new routes to accommodate imported gas, more natural gas infrastructure is required to serve growing demand.

Tuesday, August 25th, 2015
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USO says monitoring Reficar

The USO says it has been observing the Cartagena Refinery (Reficar) project to make sure it has been meeting quality and labor standards as the process to finish the plant winds down.

Monday, August 24th, 2015
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Minimal guerrilla activity

Minimal guerrilla activity

Guerrilla-initiated incidents by both groups stayed down this week and the Armed Forces also cut back their activities, at least in oil-and-gas areas. As a result, total incidents fell to 22.

Monday, August 24th, 2015
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Caño Limón Coveñas hit hard by past attacks

Even though the Farc has backed off and not attacked any pipelines since the start of its July 20 truce, the Coveñas/Caño Limón Pipeline (CCL) has suffered in the month of August due to the attacks over the last two months.

Monday, August 24th, 2015
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MinMinas approves Agreement 03

The Ministry of Mines and Energy (MinMinas) has approved three more measures to promote exploration and production and confront the fall in oil prices. The Agreement 03 is part of its “PIPE” stimulus for the industry.

Monday, August 24th, 2015
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Without oil there will be no peace

‘The Mad Economist’ is the nom-de-plume of Camilo Vega Barbosa, Director of the economic blog El Mal Economista (EME). (See his coordinates at the end of the article.)

Sunday, August 23rd, 2015
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(Almost) everything peaked in 2012

(Almost) everything peaked in 2012

Clients ask us for quick graphs from our statistical databases for their presentations or other studies. (You can too!) Having done a number of these lately, it struck our Analyst that the peaks all occurred at the same time (roughly) 2012.

Sunday, August 23rd, 2015
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Peace Summary: Referenda dilema

During a meeting of the Supreme Court in Cartagena, the chief negotiator in Havana, Humberto de la Calle, said the government is preparing a rough draft of a referendum that would let,”Colombians decide”.

Thursday, August 20th, 2015
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Government makes pragmatic statements on production declines

Government makes pragmatic statements on production declines

As the government concedes that maintaining a million barrels a day will prove increasingly difficult, the Finance Minister Mauricio Cardenas says projected oil revenue for 2016 could be six times lower than in 2014.

Thursday, August 20th, 2015
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