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Production costs weighing down the industry

Production and logistical costs in Colombia are above the average for other South American producers, creating a liability in a time of low oil prices.

Thursday, March 26th, 2015
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USO will not go on strike

Following a meeting between the USO oil workers union president Edwin Castaño and a number of government ministers, vice ministers and the head of the National Planning Department (DNP) Simon Gaviria, the union said that it would not hold an indefinite strike after Gaviria made statements that Ecopetrol would not be privatized.

Thursday, March 26th, 2015
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Ecopetrol increased crude oil exports to the US in 4Q14

Ecopetrol increased crude oil exports to the US in 4Q14

Despite the well-documented glut of oil in the US – which has (depending on viewpoint) contributed or caused the dramatic fall in oil prices since mid-2014 – Ecopetrol (NYSE:EC) actually increased its exports to the US in 4Q14.

Wednesday, March 25th, 2015
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CSR Summary: Ecopetrol listed as CSR top ten, amidst protests

Ecopetrol makes top ten list for Colombian CSR while the company receives attacks for allegedly canceling the reconstruction of a Villavicencio school. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.

Wednesday, March 25th, 2015
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ACP calls for immediate action to support exploration

The Colombian Petroleum Association (ACP) has again called on the government to take immediate action to avoid that more exploration projects are shuttered or halted.

Wednesday, March 25th, 2015
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ANH confirms new president

Mauricio de la Mora has been confirmed as the new president of the National Hydrocarbons Agency (ANH), replacing Javier Betancourt and taking charge of the agency at a fragile moment for the industry.

Wednesday, March 25th, 2015
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Growing tensions over Farc truce violations

Growing tensions over Farc truce violations

Incident counts went down again this week to 23 but the Armed Forces and other sources have started to call out the Farc for truce violations.

Tuesday, March 24th, 2015
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Equión suspends work at Floreña

Fed up with a persistent blockade at its Floreña wells and CDF, Equion has suspended all work at its Floreña A, I and T wells and construction work still being performed at the recently inaugurated Floreña CPF.

Tuesday, March 24th, 2015
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Environmental Wrap: Ecopetrol touts investment, rejects lawsuit

Ecopetrol got some attention for its investment and spending on environmental matters, which totaled CoP$805B (US$317.9M) over the last five years. But the NOC also said it had nothing to do with a spill for which residents in Coveñas have filed a lawsuit. These and other environmental stories in our periodic wrap up.

Tuesday, March 24th, 2015
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The next step for Rubiales politics

The political forces that successfully swayed Ecopetrol’s (NYSE:EC) board to not renew the association contract with Pacific Rubiales (TSX:PRE) have moved on to the next step, that Ecopetrol operate the field directly, opening the door to the USO union to enter the field.

Tuesday, March 24th, 2015
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