Representatives from the Ministry of Mines and Energy (MinMinas) met with representatives from the gasoline and fuel supply chain who called for a frank look at how the Ministry’s formula sets prices each month.
Bolsa Mercantil de Colombia (BMC) has presented the very first report of the Natural Gas Market Manager after it began operations six months ago which confirmed that supply is falling while demand rises, pushing prices up.
The Caquetá Planning Secretary Julián Carvajal Zamora said that officials from Emerald Energy did not attend a call to meet with affected communities before starting their exploration work, which he says is a needed step for an exploration and production license to be granted.
Between comments by Campetrol President Rubén Dario Lizarralde, stories about services companies in trouble by Colombia’s Superintendent of Companies and reading between the lines of E&P companies’ comments about Capex, no one should be surprised by the overall shape of this graph.
The last time the Farc started a unilateral truce (December 20, 2014) guerrilla-initiated incidents dropped dramatically to 4 or 5 per week, consistent with ELN-only events. The latest truce started last Monday and we had nine guerrilla-initiated incidents.
The USO lashed out at Ecopetrol president Juan Carlos Echeverry for the “first 100 horrible nights” and blamed him for Ecopetrol’s stock price dropping to the lowest point since entering the stock market which they claim are due to low market confidence in his projects.
Although there is a strong possibility that 2015 can finish with consecutive monthly production of above a million barrels, sustaining that number into the midterm or long term is looking very difficult say industry experts.
Ecoperol’s (NYSE:EC) current president of the board of directors Gonzalo Restrepo López has stepped aside to join the negotiating team in Havana, with its only independent member Luis Fernando Ramírez taking up his role.
The Colombian mining industry has developed a tool to monitor elite-, press- and local-community-perceptions of the sector.
The Farc ordered its operatives to “cease all offensive action” from the early hours of Monday, July 20, as they had announced, and asked for “full guarantees” of the government of Juan Manuel Santos.
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