Ecopetrol (NYSE:EC) has made good on promises to sell off its non-core assets, and has announced a ‘2016 Field Round’ in which it is auctioning 20 assets to the oil & gas industry.
Last week Ecopetrol (NYSE:EC) announced its long-anticipated ‘Ronda 2016’, putting 100% of the NOC’s participation in 20 areas up for sale (bundled into 17 so-called opportunities).
The USO welcomed the “historic and transcendental” agreement between the Farc and the national government, which it says creates a commitment for the Farc to laydown arms, but also for the state to recognize their status as a political movement. And the union’s ‘fiesta’ ahead of the Rubiales reversion continues.
The National Hydrocarbons Agency (ANH) has been willing to negotiate contract terms of E&P contracts as one of the benefits delivered to the industry due to the fall of oil prices. But rarely do these agreements get released to the public. A recent agreement made with Interoil over COR-6 gives us a small window into this process.
Residents of Pasacaballos, located in the area of influence of the Cartagena Refinery (Reficar) have appealed the rejection of a local judge to the Supreme Court of Justice to receive an injunction against Reficar for not respecting their right to a prior consultation.
Agree or disagree with the peace process, Thursday’s signing of a bilateral ceasefire is a watershed point in Colombian history.
A small sign of progress as Ecopetrol (NYSE:EC) confirmed that it has restarted a drilling campaign, with new developmental wells in the Chichimene and Castilla fields, after a renegotiation of its drilling contracts that culminated last month.
After a successful strategy to diversify its production towards gas, Canacol Energy (TSX:CNE) says that it could replace 60% of Colombia’s current natural gas reserves, but to do so infrastructure bottlenecks must be addressed.
Government and Farc negotiators announced on Wednesday that an agreement had been reached on a bilateral and definitive cease fire. President Juan Manuel Santos and other heads of states gathered in Havana today (Thursday, June 23) to sign the agreement.
The Colombian Association of Natural Gas (Naturgas) has called on the national government to intervene at the Gibraltar gas plant after two indigenous groups blockaded the plant, trapping 19 employees inside for more than a month now, or face shortages in the area.
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