Missing hard drives with confidential data on offshore blocks and questions about potentially falsified contract guarantees have hit the National Hydrocarbons Agency (ANH), in what is turning into a true mystery drama playing out in local press headlines.
Over 1,000 royalty projects are at risk of having their approval revoked while Santander’s royalty income takes a bigger hit than expected. These and other stories in our periodic roundup.
As part of its new strategy, Ecopetrol (NYSE:EC) is planning to focus on its larger producing blocks and implement a divestment plan for at least 45 of its smaller fields.
After statements made by USO president Edwin Castaño that Ecopetrol is considering sell part of its transport and logistics firm Cenit, Ecopetrol’s vice president Camilo Marulanda said that it is not an option being considered.
Ecopetrol installs new water infrastructure in Meta and plans to build educational infrastructure in Cupiagua. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The National Planning Department (DNP) published a statement in which it highlighted the arrival of royalty projects to all of Colombia’s departments, and said that things are going well.
The issue of the industry’s viability continues to haunt us as oil prices stubbornly stay below US$70 and a long way from US$100 where they were only 1 year ago.
Ecopetrol (NYSE:EC) has released more concrete details on its strategy going forward, revealing plans to focus on its larger producing fields and divest of non-strategic assets.
The Santander Governor Richard Aguilar Villa said that he was able to confirm an official visit from Ecopetrol (NYSE:EC) president Juan Carlos Echeverry to discuss the future of the Barrancabermeja Refinery and address employment alternatives.
Ecopetrol (NYSE: EC) president Juan Carlos Echeverry and the USO president Edwin Castaño coincided at a private event in Bogota, where the USO says that Castaño addressed his concerns about the statement the executive made April 7th on smaller oil fields and a supposed inconsistency in the figures presented on the number of Ecopetrol wells.
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