We were all happy with average production over 1mmbd in 4Q14. We were even happier with an average more than 20mbd higher during the first five months of 2015.
Contributor David Yanovich wrote this article for Revista Dinero with the play-on-words title “El peso del dolar” which unfortunately does not translate as cleverly in English.
Total incidents were flat this week but Non-Armed-Forces (which we take as a proxy for guerrilla-initiated incidents) were down by 3 and Armed Forces incidents were up by 3. The ELN are the main source of problems but an incident in Cauca raises a red flag.
The USO has been pushing its agenda through affiliated workers at Mansarovar and Pacific E&P (TSX:PRE), with a list of claims of abuse in each case.
The Energy and Gas Regulation Commission (CREG) rendered accounts to a public audience and released its management report, highlighting the new market manager for the natural gas industry.
With a growing fleet of natural gas vehicles (NGVs) and expanding domestic use of the fuel, an update of prices for 2016 by the Energy & Gas Regulation Commission (CREG) will affect far more than the traditional industrial consumers.
In the eyes of Colombia’s investors, size matters. It is the juniors and small operators that have shown to be more versatile against the effects of the fall in oil prices, and more valued by the capital markets.
Ecopetrol (NYSE:EC) is confronting a tough period that will require a refocused strategy and a more efficient and profitable operation, and there is speculation as to who will run this plan alongside the NOC president Juan Carlos Echeverry.
We frankly could not remember the last time we did this chart which summarizes the data by department (rather than basin or producer) and puts oil and gas production together (by converting gas to equivalent barrels). Useful for trivia contests on rainy Sunday afternoons with the kids or settling bets at the bar. But Ecopetrol (NYSE:EC) and the Colombian government should think about some other implications as well.
“The Bolivarian revolution is destroying itself,” said Colombian President Juan Manuel Santos, referencing Venezuela’s recent finger-pointing at Colombia as the origin for its political and economic problems, a conflict that has implications for Colombia’s peace process.
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