Chinese-Indian oil firm Mansarovar has received new found attention after a small number of its USO affiliated workers announced a strike, which the company rejects as unnecessary. The conflict has caused the firm to talk to the local press, giving us a rare glimpse.
Ecopetrol’s (NYSE:EC) proven reserves could feel the impact of the fall in oil prices when they are updated next year, since some of its projects and gains from more costly secondary recovery techniques could be discounted as they would no longer be profitable.
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.
Ecopetrol (NYSE:EC) announces winners of their college scholarship program while also supporting youth arts education in Putumayo. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
As Ecopetrol (NYSE:EC) slashes its costs in strategy which means new importance for secondary recovery and an efficient costs structure, the NOC could confront a drop in production of 10-15% in the first quarter of 2016.
The sea port of Coveñas has seen an increase in its storage capacity to 1.24mmbl following new tanks installed by Ecopetrol (NYSE:EC) and its transport and logistics firm Cenit. The new tanks will also allow the Coveñas facility to export fuel oil.
The last time we did this chart we concocted a marvelous story about Latin American customers wanting their oil without a heavy dose of Bolivarian rhetoric. Maybe we spoke too soon. Maybe not.
Equion supports sustainable poultry production in Casanare, while community members in Trinidad criticize Pacific Exploration & Production (TSX:PRE) for its alleged lack of support in road improvements. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
After nearly two years and the intervention of the Labor Ministry, the USO say that they have forced Petrosantander to the negotiating table, despite the fact the company’s workers are already unionized under a different organization.
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