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Roads Review: Ecopetrol explains its denial of Casanare agreement

Ecopetrol (NYSE:EC) gave explanations as to why it would not sign an agreement with Casanare transportation companies that covered local hiring practices, which has been discussed with the NOC participation over the last two years. This and other press reports involving roadways and the oil industry

Wednesday, May 28th, 2014
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Oil producing departments look to public-private initiative to counteract lack of royalties

Through the Business Association for the Development of Orinoquia (Asorinoquia), regional government entities are looking to create public-private initiatives that would compensate for the lack of hydrocarbons royalties and finance needed infrastructure investments.

Wednesday, May 28th, 2014
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Army increases activity in Meta

Army increases activity in Meta

We thought that Llanos was appearing more frequently as a top source of security incidents in our weekly summary so we looked at the department of Meta, the largest and most important department for oil production in Colombia.

Wednesday, May 28th, 2014
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Potential for a China-Colombia relationship in oil

China’s role as the world’s leader in the consumption of raw materials and its growing interest in the Latin American energy and commodities sectors make Colombia an attractive partner, but today the Asian nation sees Colombia as only a coffee maker, says an expert on China-Latin American relations.

Tuesday, May 27th, 2014
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CSR Summary: ECP in Barrancabermeja, Parex Sports, Equion Sailing

Ecopetrol says that it has been busy in Barrancabermeja where it says it invests CoP$206B (US$107.4M) annually into Corporate Social Responsibility Projects (CSR). That and other CSR programs from Equion, Parex and more.

Tuesday, May 27th, 2014
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Caño Limon-Coveñas finally operational again

Repair work on the Caño Limon- Coveñas Pipeline has finally been completed after spending more than two months out of service after successive pipeline bombings and a conflict with the U´WA indigenous group that blocked repair crews.

Tuesday, May 27th, 2014
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More than supermajors needed to develop off-shore, says academic

The director of the Energy, Petroleum and Mineral Laws of the Dundee University in the UK, Peter Cameron, visited Colombia to meet with members of the oil, and said that the industry needs more than just a few supermajors to develop its off shore potential.

Monday, May 26th, 2014
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Now it gets interesting

Now it gets interesting

The first round of the Colombian elections have come to an end and the results was a win for the Uribist candidate Oscar Ivan Zuluaga over the incumbent President Juan Manuel Santos. (Uribism and Uribists are followers of ex-President Alvaro Uribe’s Democratic Center Party.)

Monday, May 26th, 2014
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Market embraces Ecopetrol bonds

Ecopetrol (NYSE:EC) released US$2B in bonds last week which were met with high demand from the market, creating a demand worth more than five times the amount the NOC looked to obtain, or US$10B.

Monday, May 26th, 2014
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USO will add end of outsourcing to Ecopetrol negotiations

The USO said that it will include the use of outsourced labor as an agenda item in the upcoming collective bargaining agreement process with Ecopetrol (NYSE:EC) and that the topic is already on the table in discussions in Cartagena.

Monday, May 26th, 2014
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