The National Hydrocarbons Agency (ANH) president Mauricio de la Mora said that the agency is preparing another series of measures that will help improve the conditions for the industry to remain competitive, with a focus on how it will assign new blocks.
Industry and community representatives complain about how poor road quality in Caquetá affects business, meanwhile a special hearing will be held to decide if Pacific E&P (TSX:PRE) is responsible for damage on the Corocoro-Cravo Norte highway. These and other stories in our periodic roundup of road-related issues.
Ecopetrol (NYSE:EC) published a look a back on the 2,572 attacks on its oil infrastructure between 1986 and 2015 by the guerrilla, and gave a small glimpse into some of its impact.
A study from an energy consultancy found that the Colombian thermoelectric sector only has 34% of the natural gas it needs to purchase to produce the country’s energy during the El Niño weather phenomenon.
“This government does not believe in the agriculture sector as a motor of development” said that executive president of the Colombian Association of Oil Goods and Services (Campetrol) Rubén Darío Lizarralde, an area where the association is looking to lessen the economic dependence on the oil industry.
The USO and Mansarovar Energy have reached a tentative agreement, thanks to the intervention of the Ministry of Labor and ended an ongoing strike.
Several months ago, I published an opinion piece saying that the reorganization of Ecopetrol (NYSE:EC) in the middle part of the last decade did not go far enough and it should be broken up into several distinct businesses.
We have looked at shut-in fields twice now, once theoretically and once based on the results from the first months of 2015. Now with the National Hydrocarbons Agency (ANH) detailed results for 2Q15 we can see the process of shutting-in fields has slowed or perhaps stopped.
The IDB’s Ramón Espinasa spoke about oil prices last week at the Colombian Engineers’ Association (ACIEM) Enercol 2015 conference. He had predictions for short-term price movements but his comments on the current situation were similar to those we take from this graph.
Ecopetrol (NYSE:EC) and Occidental (NYSE:OXY) have reached an agreement that looks to improve the La Cira Infantas field recovery factor from its current 17% to 30%, an alliance which they say ratifies the commitment and trust of the firms in the future of Colombia’s hydrocarbons industry.
2026, Hydrocarbons Colombia, All Rights Reserved.
