Ecopetrol’s subsidiary, Cenit, reported that it activated its contingency plan in the Coveñas Caño Limón (CCL) and Bicentenario pipelines. Here are the details.
The company confirmed that it restarted construction activities, following the protection and biosafety protocols required by government regulations.
Hocol S.A. announced that it officially started operations in the Chuchupa and Ballena gas fields, located in the department of La Guajira.
Gases de Occidente announced an aid package to help its clients during the health emergency.
Last week we discussed pipeline tariffs using figures from Ecopetrol’s Line-of-Business (LoB) results. This week we present our full set of graphs for all of the LoBs.
Under criticism for high pipeline rates in the face of low oil prices, Cenit offered to finance up to half of transport costs but declined to give E&P companies any real relief.
These are some of the challenges that regional authorities will have to face due to low oil prices and less royalties’ resources. These and other stories in our periodic Royalties summary.
Terpel’s Sylvia Escovar spoke to El Tiempo about the firm’s strategies to cope with the current crisis, and its vision for the medium term.
This week the Colombian Petroleum Association (ACP) raised the issue of oil transport costs and in particular, pipeline tariffs. Given the government’s stake in the Cenit, which owns virtually all of the pipelines, the request for lower tariffs will likely be ignored. But Cenit’s victory may be pyrrhic this time.
GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended March 31, 2020.
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