There is always something to be worked on to improve the sector’s performance. The issue of transportation costs has come up again so we thought we would reprint this chart from a few months ago.
Colombia is regulating the development of extractive activities in natural areas. The Senate, in extraordinary session, ruled on a new law that seeks to protect the páramos (high mountain tundra) of the country.
CEO Felipe Bayón spoke about what he expects from the new Labor Agreement that it will soon negotiate with the USO.
The USO confirmed that a new list of demands for Ecopetrol (NYSE: EC) is ready, four years after the last Collective Labor Agreement was signed.
It is the end of the second quarter (already?) so we decided to update our favorite charts about oil prices movements, including futures.
We have been very concerned about the civil disobedience caused by the ANH’s seismic investigation in Boyacá. There was a public hearing last Friday to discuss the situation and well-known industry figure, Jaime Checa attended. He brought back this report (with photos) which only deepens our concern.