The growing demand for Natural Gas Vehicles (NGV) could quicken if new vehicles for the transport industry become available, but the process to receive tax benefits for the “cleaner” vehicles and questions on supply hold the market back.
Municipal authorities of Arauca are alleging that Ecopetrol (NYSE:EC) has been favored in local zoning ordinances, which they say were designed to let the NOC continue with its expansion of Caño Limon facilities.
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.
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