The USO lashed out at Ecopetrol president Juan Carlos Echeverry for the “first 100 horrible nights” and blamed him for Ecopetrol’s stock price dropping to the lowest point since entering the stock market which they claim are due to low market confidence in his projects.
Although there is a strong possibility that 2015 can finish with consecutive monthly production of above a million barrels, sustaining that number into the midterm or long term is looking very difficult say industry experts.
Ecoperol’s (NYSE:EC) current president of the board of directors Gonzalo Restrepo López has stepped aside to join the negotiating team in Havana, with its only independent member Luis Fernando Ramírez taking up his role.
The Colombian mining industry has developed a tool to monitor elite-, press- and local-community-perceptions of the sector.
The Farc ordered its operatives to “cease all offensive action” from the early hours of Monday, July 20, as they had announced, and asked for “full guarantees” of the government of Juan Manuel Santos.
An offhand comment the other day by a multinational oil company got us thinking once again about the difference between E&P companies that are top-of-mind because they have a lot of production and companies that are top-of-mind because they are responsible for a lot of operations.
With a lackluster result in Mexico’s Round One, the focus now turns to the next four rounds as observers comment on how the first results can be interpreted and impact the rest of the process.
Colombia’s State Council has ruled to support a decision from the Casanare Administrative Tribunal to protect the Tinije Lake area from hydrocarbons exploration and production activities as an environmental reserve, in the area of the LLA-26 block.
It is becoming harder to explain to Colombians why they are supposed to tighten their belts fiscally because of lower crude oil prices but they do not see associated relief at the pump.
At the end of the month Ecopetrol must submit designs for a metropolitan aqueduct that will serve the municipalities of Cúcuta, Villa del Rosario and Los Patios, meanwhile the state oil firm is investing in paving works in Guamal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
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