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ACIEM tells MinMinas to sell Cenit — Break it up! Redux

Several months ago, I published an opinion piece saying that the reorganization of Ecopetrol (NYSE:EC) in the middle part of the last decade did not go far enough and it should be broken up into several distinct businesses.

Monday, September 21st, 2015
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Have companies stopped shutting in fields?

Have companies stopped shutting in fields?

We have looked at shut-in fields twice now, once theoretically and once based on the results from the first months of 2015. Now with the National Hydrocarbons Agency (ANH) detailed results for 2Q15 we can see the process of shutting-in fields has slowed or perhaps stopped.

Monday, September 21st, 2015
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The anomaly is oil at US$100

The anomaly is oil at US$100

The IDB’s Ramón Espinasa spoke about oil prices last week at the Colombian Engineers’ Association (ACIEM) Enercol 2015 conference. He had predictions for short-term price movements but his comments on the current situation were similar to those we take from this graph.

Monday, September 21st, 2015
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Ecopetrol, Oxy form alliance to improve recovery factor in La Cira Infantas

Ecopetrol (NYSE:EC) and Occidental (NYSE:OXY) have reached an agreement that looks to improve the La Cira Infantas field recovery factor from its current 17% to 30%, an alliance which they say ratifies the commitment and trust of the firms in the future of Colombia’s hydrocarbons industry.

Monday, September 21st, 2015
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Meta governor calls OCADS a disaster

The Meta governor Alan Jara says he has told the national government that the OCAD controlling bodies which approve royalty projects “continue to be a disaster and a centralist and inefficient model”.

Monday, September 21st, 2015
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Concentration in the rig industry

Concentration in the rig industry

A few weeks ago we used some Campetrol data to look at trends in what rigs were doing and where they were doing it. This graph looks at the structure of the industry in terms of the number of rigs per company to see what the implications might be for a sector under severe economic pressure.

Thursday, September 17th, 2015
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