Normally, the catch-phrase “Quiet. Too quiet” is a foreboding of something bad about to occur. But now it looks like this quiet security period will extend a long time, maybe as the ‘new normal’. Originally, we published this report weekly. Then we dropped to monthly and then quarterly, then only when there was something interesting to say. This quarterly article shows very little has changed or is likely to change. For that reason, we have decided that this is our last report.
Collaborator Tomás de la Calle volunteered to go to Cartagena for the annual natural gas sector conference. Here is his report on the event and, as an extra bonus, his opinion about the UPME’s second re-gasification plant project and stimulating domestic exploration and production.
The oil spill in La Fortuna in the department of Barrancabermeja generated a lot of controversy and debate in the Colombian media. Felipe Bayón, CEO of Ecopetrol (NYSE: ECP) spoke about this situation in an interview.
With more stable oil prices, some Latin American countries decided to auction blocks and boost industry activities in their territories. Colombia announced its strategy to compete against heavyweights like Mexico, Brazil and Argentina.
Latin American countries want to boost their oil sectors by offering blocks for exploration and production. The governments of Latin America open their doors to private investment in the oil industry, after years of monopolies.
The firms stood out among other oil companies recently for their successful social responsibility initiatives in Nariño, Casanare and Huila, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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