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Eye on Ecopetrol

Ecopetrol set to receive Rubiales

Ecopetrol (NYSE:EC) is now set to receive the Rubiales field at the end of the month, and has also established its workforce which will staff and operate the field.

Thursday, June 16th, 2016
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Refinery load increasing as Reficar comes on line

Refinery load increasing as Reficar comes on line

A question from a subscriber – what is Colombia’s internal demand for crude? – provoked a top-of-mind answer, which is often not the correct answer. We were close but the graph shows the big numbers and the trend.

Wednesday, June 15th, 2016
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Acosta addresses Ecopetrol’s situation

Ecopetrol (NYSE:EC) is passing through a test due to fallen production and low prices, says the former Minister of Mines and Energy Amylkar Acosta, who believes that the NOC will be able to make it through, but without any idea of when this could conclude.

Tuesday, June 14th, 2016
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Reficar update: Audit expected for September

Reficar update: Audit expected for September

The scandal surrounding the Cartagena Refinery (Reficar) might have fallen to a secondary status, but continues to make headlines. A Senate hearing last month, accusations of environmental damage and a full audit by the General Controller’s office have all taken shape over recent weeks.

Tuesday, June 14th, 2016
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Ecopetrol shifts to US

Ecopetrol shifts to US

Ecopetrol’s (NYSE:EC) export distribution in 1Q16 showed a big shift to the US, the Gulf Coast in particular, and away from the Far East, which had been a strategic market for the NOC.

Monday, June 13th, 2016
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Talks over Cusiana reversion moving forward

Ecopetrol (NYSE:EC) is set to receive the Cusiana field from Equion on July 4th, and is in talks with the local community to identify social priorities which are aligned with the project.

Tuesday, June 7th, 2016
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Disturbing activity behind Acacías protests

Ecopetrol (NYSE:EC) has signed an agreement with communities which affected its production in Chichimene, in the Acacías and Castilla la Nueva Municipalities, but reports show a willful criminal activity behind the protests, which could flare up again.

Monday, June 6th, 2016
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Echeverry talks cultural change in Ecopetrol

Juan Carlos Echeverry, Ecopetrol’s (NYSE:E) president, said in an interview that the NOC has been going through a deep cultural change prompted by the fall in oil prices. Local hiring, community relations, the ability to “sacrifice barrels” and environmental matters are some of the areas affected.

Thursday, June 2nd, 2016
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Ecopetrol set to receive Rubiales, Cusiana

Ecopetrol is working “intensely” to prepare for the reversion of the Rubiales field from Pacific E&P, as well as the Cusiana field from Equión. Workers currently at the Rubiales field say they are confident the NOC will hire them under the new contract.

Wednesday, June 1st, 2016
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Exploratory campaign starts in North Caquetá

Ecopetrol (NYSE:EC) has started executing an exploratory campaign using a Vibroseis truck in three different municipalities in the Caquetá department, and promised both work and investment for the local population.

Wednesday, June 1st, 2016
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