The oil company started operating the Llanos block 34 in the department of Casanare five years ago. GeoPark (NYSE: GPRK) created a strategy under the principle of “create value”.
GasAlmost at ‘the last possible moment, MinMinas finally published production numbers for January 2016. While crude oil went up, natural gas continued to slide. Although some companies are increasing their production, there is not much reason for optimism at the national level.
The Colombian Chamber of Petroleum Goods and Services (Campetrol) is optimistic about this year. The association believes that oil activity and investment will recover. Campetrol’s optimism is based on an analysis by the Colombian Petroleum Association (ACP).
The National Planning Department (DNP) initiated a process to modernize the Planes de Ordenamiento Territorial (POT) in the country. Many municipalities with oil activity are part of this process and must adjust to the new rules.
USO reported their health and education rights are being supposedly violated by Ecopetrol (NYSE:EC.) The Union said drastic measures would have to be taken if the NOC does not agree to negotiate with them.
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