Ecopetrol (NYSE:EC) published its 4Q16 results which allows us to update our Line-of-Business (LoB) charts for the entire year. After an encouraging 2015 and significant new capability in Reficar and Barrancabermeja, ECP’s refinery business was again the loser.
This past week Ecopetrol published its results and both the popular press – and Hydrocarbons Colombia – was focused on this event. But is this media attention justified?
We have made this point before but this is a different way to look at it. It will be very hard for Colombia to hit the production goal the ANH is talking about – 900 mbd – if Ecopetrol (NYSE:EC) is only going to be about flat with its production.
Three tax experts from Bogotá-based law firm Briggard & Urrutia gave us their opinions on the impact of the December 2016 Tax Reform on oil and gas companies.
Security incidents near oil and gas infrastructure went up slightly last month (by one) and the ELN remains the protagonist.
Crudo Transparente is a non-governmental organization that “informs, socializes and analyzes the socio-economic impacts of the hydrocarbons sector in the country”.
We needed to build a simple gas forecast for a few fields for a consulting project so we decided to build a model of the Colombian market. The results were interesting even with these simple assumptions.
This week we published a story and two tweets about whether Colombia did or did not use the windfall from high oil prices correctly. The ‘votes’ were 2-to-1 in favor of a wasted or lost opportunity.
A companion article by our Managing Editor deals with the question “Is Colombia too dependent on oil and gas?” It also addresses MinHacienda Mauricio Cárdenas’ contention that the industry is, in his words, ‘irrelevant’.
A few weeks ago, we questioned the feasibility of MinMinas’ 2017 crude production target of 875mbd. No one jumped on us – or, frankly, congratulated us for our insightful analysis.
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