News and AnalysIs for

Juan Carlos Echeverry, Ecopetrol’s (NYSE:EC) current president apologized for the Reficar and Bioenergy cases.

A spill registered at the Rubiales field forced Ecopetrol (NYSE:EC) to activate its contingency plan and caught the attention of national environmental authorities.

Just days following a statement warning that Ecopetrol (NYSE:EC) was dragging its feet and had gone back on the few items of agreement with the USO, the union said that new advances were made and it is satisfied with the review of its collective bargaining agreement with the NOC so far.

I should have written this in January where the analogy is somewhat more timely but diversifying the Colombian economy is like resolving to exercise more. Everyone agrees it is a good idea but it never seems to happen.

The ANH finally updated the field-level production results for 3Q16 which allowed us to update our database and produce these two charts. Some surprises perhaps, and some changes in ‘league positions’.

The OPEC announcement in Vienna a few weeks ago pushed oil prices up, pushed stock markets up in oil exporting countries and got everyone thinking that the worst was finally over.

Ecopetrol’s export distribution remains virtually unchanged from 2Q16 and has been essentially stable throughout 2016.

Another significant change in the leaders of Colombia’s industry associations occurred this week after the Colombian Association of Naturgas named industry veteran Orlando Cabrales as its new president, replacing Eduardo Pizano.

Still dealing with stubborn opposition for trying to bring legitimate economic activity to the same time-zone as Caño Cristales and some of the country’s best coca-growing areas, Hocol released a statement to the press on its project in San Juan de Arama.

The government has said that December 1^st, is the ‘D’ day marking the start of the post-conflict transition, but the Farc said that nothing will move forward until a “Fast track” amnesty bill for its members passes congress.