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Long Form Reports

General and Specific Causes

General and Specific Causes

We said we would not be doing the Colombian Share Price Index analysis again because there were too few publicly-traded, Colombia-focused companies remaining to be meaningful. But Covid-19 changes everything and we could not resist a peek at what the topsy-turvy world of 2020 had done to our index.

Monday, January 11th, 2021
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This, too, will pass – maybe not

To say the very least, this year did not develop as expected. Some aspects will pass, as a famous Doonesbury cartoon about the 1970s reminded us, and sometime this year or next we will feel more ‘normal’. Others are here to stay. Not all the members of either category are still clear.

Monday, December 14th, 2020
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Everything is better with higher prices

Everything is better with higher prices

But it helps to have worked on costs as well. A higher Brent price in third quarter made for better netbacks and netback margin this time.

Monday, December 7th, 2020
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Regional roads, key to social resilience

When we started Hydrocarbons Colombia, we wrote a lot about roads. Roads were one of the main flashpoints between the industry and communities as heavy tanker-trucks and drill rigs tore up poorly maintained so-called ‘highways’ and too-frequent accidents created environmental and human suffering. Thankfully, that conflict seems to be largely behind us. Now Ismael Arenas, former head of Ecopetrol and current chairman of the Colombian Association of Engineers (ACIEM) reminds us that roads are still an issue needing coordinated action.

Monday, November 30th, 2020
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Never make a move too soon

Never make a move too soon

We have just finished the Third Oil and Gas Summit (III Cumbre de Petroleo y Gas) and as always it was packed with interesting sessions. While the ANH’s extended workshop on Friday will have the most impact in the short- and medium-term, my candidate for the most important long-term discussion was Thursday’s “Role of the hydrocarbons sector in the framework of the global recovery” (El rol del sector de hidrocarburos en el marco de la recuperación mundial), mostly because it had very little to do with the title.

Monday, November 23rd, 2020
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Lee DiStefano: Parting Words

At the recent Parex 3Q20 results call, CEO Dave Taylor officially announced that Lee DiStefano, Colombia President and Country Manager for the past 10 years, was retiring after 40 years in the industry. I wanted to get his views on the Colombian situation, so I asked for an ‘exit interview’ – virtually of course.

Friday, November 13th, 2020
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The shift to Transport continues at ECP

The shift to Transport continues at ECP

Lower oil prices and lower demand for fuel over the first nine months of 2020 accelerated the shift of Ecopetrol’s profits from producing products to transporting them.

Monday, November 9th, 2020
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Oh, Mexico

Some may think I should publish my comments about Mexico in Hydrocarbons Mexico but HCM readers already know this sad tale and these remarks are going to be related to Colombia as well.

Friday, October 30th, 2020
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PPAA – Present and Accounted (For)?

PPAA – Present and Accounted (For)?

Last week’s top story from a readership perspective was the list of companies that qualified for the government’s upcoming auction (PPAA). No doubt readers were looking for any surprises: new players or non-participants.

Sunday, October 25th, 2020
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Government policy in the face of lower oil prices

Last week’s article on long-term oil prices did not get a lot of readership. Maybe it was too heavy on the data analysis and too light on policy recommendations. This article focuses on policy.

Monday, October 19th, 2020
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