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Reficar could have been worse, says Gutiérrez

Ecopetrol’s (NYSE:EC) former president Javier Gutiérrez defended his actions involving the Cartagena Refinery (Reficar) while at the helm of the NOC, and said without the controls he enacted, the cost could have been worse.

Monday, May 2nd, 2016
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Gas production not up as much as expected

Gas production not up as much as expected

GasIn mid-October of last year, we published an article where Naturgas president, Eduardo Pizano promised an additional 130mmcfd of gas would become available in 1Q16. It might have become available but it did not translate into additional demand.

Thursday, April 28th, 2016
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Peace Summary: ELN talks in Ecuador confirmed

President Juan Manuel Santos paid a visit to Ecuador to deliver aid to the victims of the recent earthquake, and confirmed that the peace negotiations with the ELN would start there.

Thursday, April 28th, 2016
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The new MinAmbiente

Luis Gilberto Murillo has been named by President Juan Manuel Santos as the new Ministry of Environment. What will the former governor of Chocó and a mining engineer with formal training in the USSR bring to this embattled position?

Thursday, April 28th, 2016
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Ecopetrol could be sold like Isagén: USO president

USO president Cézar Loza warned that Ecopetrol (NYSE:EC) president Juan Carlos Echeverry and its board of directors have a plan to dismember the NOC and sell it off like the government did with energy producer Isagén.

Thursday, April 28th, 2016
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Environmental Summary: An unfortunate honor

Before the controversy surrounding the environmental license of Hupecol in La Macarena emerged Colombia had already received global attention for being a leader in the number of environmentally related conflicts, second only to India.

Wednesday, April 27th, 2016
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Government: ELN has a debt with Colombians

The ELN guerrilla has an enormous debt with Colombians due to the damage to the environment from its continued attacks over the years, said the government’s lead negotiator in talks with the group, Frank Pearl.

Wednesday, April 27th, 2016
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Fracking as an incentive?

Fracking as an incentive?

Could Colombia use unconventional blocks to attract new investment, despite the low price of oil? As unlikely as it seems, there is already one successful example.

Wednesday, April 27th, 2016
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Acipet warns on stigmatizing the oil industry

The Colombian Association of Oil Engineers (ACIPET) issued a statement regarding the reversal of Hupecol’s environmental license in La Macarena, and warned of a growing stigmatism of the oil industry and its activities. The result is heightened legal uncertainty and a lack of respect for the industry’s professionals.

Wednesday, April 27th, 2016
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Regional CARS defend their role

The Regional Autonomous Corporations (CARS) defended their role in the awarding of environmental licenses and expressed concern that national authorities like the National Agency of Environmental Licenses (ANLA) have ignored their opinion and approved projects.

Tuesday, April 26th, 2016
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