News and AnalysIs for

Monthly oil production this year has been consistently lower than that of 2016. The two usual explanations are ELN attacks on the Coveñas / Caño Limón (CCL) pipeline and the general malaise of the industry driven mostly by lower oil prices.

I have not had a good rant for a while. I need one because it was a rough week last week; hard not to believe that things are moving at best ‘sideways’ in the Industry as the government expresses much concern but does very little to help.

A few weeks ago, Colombia’s Energy Regulator (CREG) published a cost model for tanker truck transport of refined hydrocarbons.

Now Part 4 of our ongoing series written by Leopoldo Olavarría and the team at Norton Rose Fulbright on the Agreement 2, the National Hydrocarbons Agency’s (ANH) rewrite of the rules for block assignment and contracting.

Now Part 4 of our ongoing series written by Leopoldo Olavarría and the team at Norton Rose Fulbright on the Agreement 2, the National Hydrocarbons Agency’s (ANH) rewrite of the rules for block assignment and contracting.

Professor Freddy Humberto Escobar gave a talk at Javeriana University about the debate between oil and water.

The trend in security incidents near oil or gas infrastructure continued to slide in June 2017. The only recorded guerrilla-initiated events were either attributed to the ELN directly or took place in traditional ELN territory.

Since 2014, the share prices of Colombia-focused producers have underperformed their global peers, a phenomenon we call the ‘Colombia discount’. However lately, despite public policy challenges, the discount is slowly reducing.

Yesterday it was Pijao in Quindio and Arbelaez in Cundinamarca. Is it not time to ask if the government’s strategy should be revised?

Continuing an unfortunate tradition, June was a bad month for oil prices. Maybe traders must close out their positions at the end of the quarter or end-of-half but the price slide started in June 2014 and since then this period of the year has not been a happy one.