Canacol (TSX:CNE) announced significant increases in its contracted sales starting in December 2017 and December 2018, facilitated by new infrastructure.
We thought Ecopetrol (NYSE:EC) should have had a better 3Q16. This was the first full quarter of the reversion of Rubiales field and the NOC picked up the production that Pacific (TSX:PEN) used to get. Production did go up but not by much.
Ecopetrol (NYSE:EC) defended its contribution and legacy in Huila after entering operation in the region in November 1994, in what appears to be an attempt to counter criticism from the USO workers union over the sale of smaller fields.
Colombian brand Terpel will benefit from an agreement between Chile’s Copec and ExxonMobil. Terpel’s revenues are 66% of Copec’s total production.
As of this writing on Thursday, November 24 Farc and government representatives were set to sign the revised peace agreement in Bogotá, and submit the document to congress for approval. The ‘no’ opposition is demanding another referendum on the new agreement.
The palm growing sector which sources most of the raw material to refine biodiesel is close to “receiving its death certificate”, according to the Jens Mesa, the president of the association which represents the sector, Fedepalma,
The Minister of Mines and energy German Arce made a call to keep the oil industry healthy and competitive during a presentation given at the International Forum of Regulatory Agencies 2016.
Ecopetrol’s (NYSE:EC) project manager for the CPO-9 exploration project, Edward Rivero, insisted to the Meta Departmental assembly that the NOC has all of its permits and papers in order, and that despite a campaign to misinform the population, it will not harm the environment exploring the block.
A report issued by the Colombian Petroleum Association (ACP) showed that between January and June, only nine exploration wells have been drilled, with one in the process of construction. This amounts to 27.2% of the industry’s goal for the year, which had been set at 33 wells.
The Colombian Petroleum Association (ACP) said that authorities should allow greater fuel imports to serve national supply during production and distribution problems from infrastructure issues and strikes.
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