Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.
The president of Colombia’s Congress, Senator Mauricio Lizcano has an ambitious and tight schedule ahead for the remainder of the 2016 legislative season, with several big items on their way including the pending tax reform and the peace agreements between the government and the Farc.
A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.
Pacific Energy (TSX:PEN) posted its third quarter 2016 earnings, the first since its restructuring and the handover of the Rubiales field, showing production of 75,096boed after royalties. The firm highlighted its strategic changes which will mean a focus only on Colombia and Peru.
Ecopetrol (NYSE:EC) will apply a polymer flooding technique developed by its Colombian Petroleum Institute (ICP) to the Chichimene field in Meta, to improve the extraction of heavy crude and increase its secondary recovery rate.
The USO accused Ecopetrol (NYSE:EC) of relying on the police to repress union members and force it to accept management’s agenda to leave the current collective bargaining agreement without changes.
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