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Blame it on the ELN and Rubiales

Blame it on the ELN and Rubiales

The drop in crude oil production during 3Q16 was the steepest quarter-over-quarter drop since 4Q01, well before anyone in the Colombian government thought about transforming the industry.

Monday, December 19th, 2016
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Oxy restarts production at Caño Limon

Oxy (NYSE:OXY) has restarted production at the Caño Limon field after halting the operation for more than a week following an escalation of attacks on the Coveñas/Caño Limon pipeline by the ELN guerrilla.

Monday, December 19th, 2016
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USO demands better medical care for their retired workers

The USO said that by appointing Luis Guillermo Vélez Atehortúa as head of Ecopetrol’s health administration, Juan Carlos Echeverry made a ‘tactical’ move to begin to diminish the guarantees of the 70.000 users of the health system, embodied in the collective labor agreement.

Monday, December 19th, 2016
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Ecopetrol accentuates the positive on Reficar and Bioenergy

With the Reficar and Bioenergy cost-overrun ‘scandals’ making the front pages once again, Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry is trying to get the press and public to focus on the positive: the uplift to production of refined products from the two plants.

Thursday, December 15th, 2016
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The CREG presents management report

The Energy and Gas Regulation Commission (CREG) recently organized an event to show its results during 2015 and 2016. HCC was present at the event; we bring a brief summary of the meeting.

Thursday, December 15th, 2016
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Meta, Casanare, Santander drive oil activity

Meta, Casanare, Santander drive oil activity

A recent report from the government’s statistics bureau DANE confirmed that in 2015 the departments of Meta, Casanare and Santander represented 75% of the oil industry’s value in GDP terms. We looked at something related but more interesting as shown in the above graph.

Thursday, December 15th, 2016
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Peace Process: Fast Track to Congress

Colombia’s Constitutional Court approved the ‘Fast Track’ bill which allows the government to start implementing the peace agreements with the Farc, and now the bill must be debated and voted on in congress.

Thursday, December 15th, 2016
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MinMinas report card for 2016

The Ministry of Mines and Energy (MinMinas) organized an event to present its performance during 2016. MinMinas discussed Energy, Mining and Hydrocarbons, we will focus on our industry.

Wednesday, December 14th, 2016
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Lessons from Dubai

The president of the Dubai Chamber of Commerce and Industry (CCD) Hamad Buamim explained to Colombian press how his city’s economy has diversified past oil, and that it is a model which Colombia could follow and cooperate with.

Wednesday, December 14th, 2016
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Pemex, Ecopetrol execs share business plans

Ecopetrol’s and Pemex’s board of directors had a successful meeting where they shared their corresponding business plans as well as valuable experiences.

Wednesday, December 14th, 2016
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