Ecopetrol (NYSE: EC) announced important news about the Infantas Oriente field, located in the municipality of Barrancabermeja in the department of Santander. This area is only 3km from the Cira-Infantas field and very close to the Barrancabermeja Refinery.
The government of Juan Manuel Santos is ending and the Ministry of Mines and Energy (MinMinas) delivered a report on the energy sector’s performance in the last eight years. Germán Arce Zapata, MinMinas, presented the results at an event in the municipality of Guapí, Cauca.
In recent years, the Coveñas Caño Limón pipeline has been the main target of illegal groups, especially the ELN. This year this important facility has suffered several attacks, affecting its normal operations and Ecopetrol (NYSE: EC) is working to repair the damage.
Mauricio Cárdenas, Minister of Finance, announced the last Medium Term Fiscal Framework of the current government, with good prospects. The State revenues from the oil sector could increase considerably in the coming years.
The National Hydrocarbons Agency (ANH) plans to offer new oil blocks to boost the oil exploration and production in the country. The agency has been working on this program for several years. The government’s hopes are in some basins and the next Minister of Energy and Mines (MinMinas) will play a key role in this process.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for May 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier.
About a month ago, one of the country’s leading business newspapers, published an article on Ecopetrol’s (NYSE:EC) results with the brilliant title “Ecopetrol does not give up its position as the leader in hydrocarbons”. Considering that the NOC produces ten times what the next company does this does not show a lot of insightful analysis on the part of the headline writer.
Oil production in Colombia showed stable performance throughout 2017, but how have the main producing regions in the country fared? The National Hydrocarbons Agency (ANH) reported 4Q17 figures and we updated our database to analyze the top producing departments.
Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? The National Hydrocarbons Agency (ANH) recently reported 4Q17 figures per field and we updated our database to analyze oil companies’ production metrics.
The Colombian oil sector is experiencing times of great uncertainty, due to the presidential elections and the boom in the anti-oil referendums. This situation could affect the development of several agreements between the government and oil companies, especially the Exploration and Production (E&P) contracts. We will analyze the production that is at stake due to this situation.
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