Oil theft and illegal transportation of fuel have become a big issue in the departments of Norte de Santander and Arauca. However, the police have been able to react to it and are now working on new strategies to keep the issue under control. The development of these and other stories in our periodic Security Summary.
Ecopetrol (NYSE: EC) wants to start recovering the reserves lost because of the oil crisis and low exploration in recent years. The company has high expectations for two wells.
Industry experts talked about how consumers would benefit from the liberalization of fuel prices in Colombia.
Environmental emergencies took place at Ecopetrol’s (NYSE:EC) El Llanito field and La Selva village in Santander. The development of these and more stories in our periodic Eco Summary.
GasThe Colombian Petroleum Association (ACP) said that the country needs big changes to guarantee gas self-sufficiency in Colombia.
Ecopetrol (NYSE: EC) aims to expand its international presence. The firm is looking at several different countries to increase its operations.
The long-anticipated event took place on June 7th in Bogotá. The initiative was announced in September of 2015 and was supposed to have been signed in March 2016 but has suffered multiple delays and setbacks.
The company formerly known as Pacific Exploration & Production Corporation is in a transformation process to become a a new and more competitive company. The firm announced a name change and new strategy.
Barry Larson is well known to the Colombian industry from his time at Parex (TSX:PXT) and now has one of the highest-profile jobs in the industry: trying to convince investors that Frontera Energy Corporation (TSX:FEC) (formerly Pacific Exploration and Production (TSX:PEN)) is not the same as Pacific Rubiales from whose ashes the new company arose.
Now Part 2 of our ongoing series written by Leopoldo Olavarría and the team at Norton Rose Fulbright on Agreement 2, the National Hydrocarbons Agency’s (ANH) rewrite of the rules for block assignment and contracting.
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