News and AnalysIs for

Outspoken critic of Santos and the Farc peace process, senator Álvaro Uribe has emerged with new talking points on the peace process, calling for geographical isolation and a cautious pace, instead of outright rejection.

The UTEN workers union which represents workers with Pacific Rubiales (TSX:PRE) has an uncertain future due to the decision of Ecopetrol (NYSE:EC) to not renew its association contract with the Canadian operator for the Rubiales Field.

Pacific Rubiales (TSX: PRE) reported net losses amounting to US$1.3B in 2014 (impacted by an asset impairment charge), suspending its dividend as the fall in oil prices left a significant mark on the company’s financial results.

Ecopetrol’s (NYSE:EC) transportation spin off Cenit is planning a series of investments of up to US$4B in total from 2014-2019 to increase its crude oil transport capacity to 1.4mmbd.

The graph shows what has happened to production from Rubiales field since 2002. Meta Petroleum i.e. Pacific Rubiales (TSX:PRE) took over operations of the field in mid-2006 when it was producing just under 10mbd by our estimates.

Casanare has CoP$35B (US$13.2M) in road infrastructure projects in the pipeline and an environmental alternative for a Meta train project has been authorized. These and other stories in our periodic roundup of road-related issues.

The association of propane gas distributors Gasnova reiterated its alarms that Ecopetrol (NYSE:EC) is taking measures to limit the supply of propane gas in Colombia to benefit its financial results, which it says will have a grave impact on the poorest populations in the country.

The Minister of Environment Gabriel Vallejo contests the concept of ‘express’ environmental licenses, arguing that instead the license only now has clear procedures and timeframes, and the new system will be technical and more formal.

Incident counts went down to 25 but this was primarily due to fewer reported Armed Forces incidents.

The corruption case involving former Ecopetrol (NYSE:EC) employees and a contract awarded to PetroTiger has arisen again after a new round of arrests, and the NOC says it is a victim and has been efficiently cooperating with the investigation.