News and AnalysIs for

Ecopetrol (NYSE:EC) needs capital to start a new exploration campaign and add new production, and non-committal statements from its president Juan Carlos Echeverry have led to speculation that the government could issue another round of shares.

Following on a push to encourage offshore production, the National Hydrocarbons Agency (ANH) is planning to offer 45 offshore blocks in Caribbean and Pacific waters in an upcoming auction.

The governors of Arauca and Meta spoke at the launch of an employment initiative being put on by the Labor Ministry, and accused oil companies of ignoring local workers, contractors and not participating in public employment services.

The USO has been politicking and reaching out to friends in high places, in an effort to build political momentum and recruit allies ahead of an Ecopetrol (NYSE:EC) strike planned for October.

Here is the third installment of Norton Rose Fulbright’s analysis of the ANH’s draft accord. We believe this could transform the regulatory framework for the industry significantly.

The National Hydrocarbons Agency (ANH) has not published detailed 2Q16 results for gas so we are unable to do a similar analysis to that we did last week for crude oil. But we can look at trends and the principal one is shown in the graph.