The uncertainty following the win of the “no” vote in Sunday’s plebiscite is still as deep as ever. There have been several developments though: a march in favor of peace, a rare Uribe/Santos meeting and a deadline for the ceasefire in the very near future.
Ecopetrol (NYSE:EC) will start its Rubiales field drilling campaign this month with 72 wells planned for the country’s largest producing and recently reverted field.
The reversal of gas between Colombia and Venezuela has been a long time coming, but Colombian business leaders are left discontented after it has been revealed PDVSA will not sell natural gas back to Colombia at the same price it received it.
The Colombian Association of Oil Engineers (ACIPET) signed eight cooperation agreements to enhance labor opportunities for its members, and handed out awards during its 2nd Innovation and Entrepreneurship Fair.
HCC was present at the Colombian Petroleum Association (ACP) congress 2016, held at the club El Nogal (Bogotá), and we bring a brief summary of the most important issues.
The Ministry of Mines and Energy (MinMinas) left fuel prices untouched for the month of October, with observers saying that stable international prices do not make it necessary to adjust Colombia’s prices.
The Regional Autonomous Corporation Corporinoquia has found itself the center of attention in Casanare involving a number of environmental issues from the Charte River, a legal dispute with Ecopetrol (NYSE:EC) and a waste processing plant closure. These and other environmental stories in our periodic summary.
Canacol Energy (TSX:CNE) said that it has revised its 2016 Capex plan and will increase its investments by US$34M to a total of US$92M and plans to drill three additional gas wells in the remainder of 2016.
HCC attended the ANH’s 3rd Knowledge Fair: An experience for transforming conflicts and building peace, where community leaders discussed the agency’s territorial strategy. This initiative seeks to encourage ” territorial development and peace building where the industry operates”.
OPEC agreed to a production reduction at their recent meetings and that inspired traders to raise prices at week’s end. That allowed our estimate of 3Q16 average prices to recover and finish essentially even with 2Q16.
2025, Hydrocarbons Colombia, All Rights Reserved.
