Colombia is optimistic about increasing its production offshore. Ecopetrol (NYSE: EC) announced that it will start drilling an offshore well in the second quarter of this year. The NOC becomes the first Colombian oil-company to carry out an offshore hydrocarbon project on its own.
A report in La República shows the price per cubic meter (m³) that Colombians pay in each department. Servicio Públicos y Gas S.A., a small company located in Tolima, surpasses over three times some other companies in the same department.
Inhabitants of five villages in Guamal held a peaceful strike to protest against the construction of the Trogon platform, to be developed by Ecopetrol (NYSE:EC) and Repsol (MSE:REP).
After the ELN liberated former congressman Odin Sanchez, along with several soldiers, and the government released two guerrilla members, peace dialogues started in Quito, Ecuador
Juan Carlos Echeverry, CEO of Ecopetrol, released some results of the “transformation plan” to address low oil prices. This program started two years ago and its results are very positive in a very short time.
Colombia is not an oil country but depends on it economically. The nation’s exports have fallen for four consecutive years because of the oil crisis. In recent months, this item reported growth, again thanks to oil.
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