Eye on EcopetrolEither Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry is ‘sandbagging’ his board or the NOC is preparing for some steep production declines in 2016. Otherwise, our calculations make it hard to explain a 755 mboed production target.
Company NewsBy now anyone with the most remote interest in the Colombian oil and gas industry must have heard the news. What follows are a number of perhaps irreverent reflections.
Security and Public OrderThe count increased to 41 this week, at recent and above long-term averages.
Downstream Demand and PricingThe steep drop in crude oil prices is finally having a measurable impact on pump prices in Colombia as the government’s smoothing formula finally catches up.
ProductionE&P contracts have been available since the establishment of the National Hydrocarbons Agency (ANH). They were designed to attract other investors / E&P companies to increase reserves and production.
Downstream Demand and PricingWTI has been rising steadily all quarter and while Brent has had more ups and downs, these have all been in a tight band around the long term average.
A judge in Bogotá ordered the release of three USO members that were detained nearly two and a half months ago.
Security and Public OrderIncidents near areas of interest to the oil and gas industry back up to the recent peak of 47 above recent and long-term averages.
Security and Public OrderIncidents near areas of interest to the oil and gas industry were up this week at 21 still well below recent and long-term averages.
Security and Public OrderIncidents near areas of interest to the oil and gas industry were up this week at 30 above recent but below long-term averages.
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