A national paper has published a report pointing out the importance of creating stimulus measures to invest in secondary recovery, which would allow vital reserve growth from Colombia’s existing fields.
Led by the National Hydrocarbons Agency (ANH) president Mauricio de la Mora and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry, Colombia was home to the II World Forum of Enhanced Recovery, which included 25 international experts visiting to detail their experiences in the technology.
Both gasoline and diesel will drop in price in the month of November, driven by a fall in international prices and the exchange rate, although biodiesel prices continue to counteract this downward trend.
The USO says that its effort and persistence to pressure Ecopetrol (NYSE:EC) to directly operate the Rubiales field amounts to a historic achievement for the union. Now it has called for workers in the field to join the USO and plans to increase its pressure to carry out the modernization of the Barrancabermeja Refinery.
Led by the Ministry of Mines and Energy (MinMinas) and some of Colombia’s largest firms in the mining, oil and gas sectors, an agreement to adhere to the Extractive Industries Transparency Initiative (EITI) has been signed, and the first report on the matter is due in December 2015
Ecopetrol (NYSE:EC) has finally made a decision on the future of the Rubiales field, and says that it will directly operate the field once its association contract with Pacific E&P (TSX:PRE) ends in June of next year.
The Casanare Departmental government and local authorities held a roundtable discussion on plans to establish environmental protections in the wetlands near the La Cristalina Lagoon and Paz de Ariporo, parts of which include the Llanos 62 production block.
A bit of spin is to be expected when government officials address strategic projects, but Minister of Finance Mauricio Cárdenas took it to a surprising level and asserted that the Cartagena Refinery really did not have overruns, rather its high cost was the fault of Glencore’s poor estimations in 2006.
The Farc claimed that despite a preliminary agreement, its unilateral cease fire and a halt of bombings from the military, the army’s constant operations against it have moved it to suspend its political and cultural courses.
The Minister of Mines and Energy Tomás González met with regional leaders from the Nariño Department and the National Direction of Hydrocarbons and said that fuel prices in regions should remain stable through the end of November at least, and reassured there would be supply.
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