Apart from oil prices (still going down!), Ecopetrol transition is one of the key issues for the industry at the present time and we start with a harsh commentary on soon-to-be CEO Juan Carlos Echeverry from political commentator, Mauricio Vargas who worries that the NOC will become yet another source of political patronage.
The USO will not go forward with threats of an indefinite strike and the National Hydrocarbons Agency (ANH) has a new president, who faces a steep challenge from day one.
This month we start with a commentary by industry consultant Warren Levy on a healthier relationship between E&P and services companies.
This week laid bare one of the truths of policy in Colombia, (and plenty of other places of course): 9 times out of 10, politics will trump economics.
As the impact of the Great Slide in oil prices begins to be felt in the broader Colombian economy, industry associations and think tanks find they have a ready audience with the press. Anyone who can articulate a rational perspective contributes to the debate on the country’s most serious economic issue at the present time.
January production provided better than expected results as the number of attacks on infrastructure dropped, while the Colombian Petroleum Association (ACP) sent out a warning on natural gas policies and their long term consequences.
There is considerable pessimism in the Colombian industry and keeping with the pessimistic theme, we start this month’s edition with the results of our annual pulse survey.
We are in end-of-year vacations and, if only for a brief period, we will spend more time thinking about family (hopefully) than work.
This week Colombia’s Congress passed the government’s tax reform measure and it would take a miracle to prevent President Juan Manuel Santos from signing it.
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