The Minister of Mines and Energy Germán Arce said that the Caribbean region has the greatest prospectively for both onshore and offshore exploration of hydrocarbons, and represents the future of the industry.
The USO said that it is advising and accompanying a group of 14 communities in protests against Ecopetrol (NYSE:EC) in Orito, Putumayo.
Our quarterly look at Ecopetrol (NYSE:EC) Line-of-Business (LoB) results usually focuses on comparatives. But the real story in 2Q16 was the increase in EBITDA from the E&P business.
GasThe Ministry of Mines and Energy (MinMinas) published official production figures for August 2016, and reported that gas production was 949mmcfd, a 3.29% increase compared to the month of July.
The president of Colombia’s Conservative Party David Barguil wrote a column saying that it is not enough to merely hope for better oil prices and bet on a diversified productive base, the government must extend urgent measures to the oil industry for the better of the whole country.
Hocol’s plan to drill an exploration well in La Macarena in the CPO-16 block is churning up community opposition, and company representatives allege that there are activists feeding the community with bad information to increase resistance.
The countdown to the September 26th signing and October 2nd, and proposals abound for the public figures behind the “yes” and “no” campaign to meet in a dialogue, or even a public debate.
The General Controller Edgardo Maya Villazón urged a reworking of the government’s strategy to ensure gas supply in times of crisis, and said the current strategy is not effective.
The last two weeks have seen a number of high profile oil spills due to attacks on pipelines, overturned tankers, flooding and damaged road infrastructure. These and other environmental stories in our periodic summary.
The government has a number of vacancies in key positions affecting hydrocarbons and electrical energy which have extended for some time now. These are causing concern among industry members due to the impact they could have on decisions affecting public policy.
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