The union spoke about the violent acts that took place at Ecopetrol’s (NYSE:EC) fields in Meta, and questioned the NOC’s decisions.
Recently, Ecopetrol (NYSE:EC) got the public’s attention about the violence in southern Meta with a ‘gee whiz’ estimate of how much oil production was at risk. That got our Analyst thinking about production concentration and risk.
The Sinu San Jacinto bid round was announced with great fanfare on September 12th, 2017. The auction was supposed to have completed before the end of that year. Now, quietly, the date keeps slipping.
Recent movements in oil prices and in the Colombian peso have us asking again about whether higher oil prices lead to a stronger Colombian peso.
Oil prices have stabilized allowing the reactivation of investments, but these are low compared to prior years’ levels. However, the government has a plan to encourage more exploration investments, taking advantage of a better price environment.
Social problems in the department of Meta have shut-in important oil blocks for the country. Local and national authorities met to find a solution to this problem as soon as possible.
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