A spill registered at the Rubiales field forced Ecopetrol (NYSE:EC) to activate its contingency plan and caught the attention of national environmental authorities.
Just days following a statement warning that Ecopetrol (NYSE:EC) was dragging its feet and had gone back on the few items of agreement with the USO, the union said that new advances were made and it is satisfied with the review of its collective bargaining agreement with the NOC so far.
I should have written this in January where the analogy is somewhat more timely but diversifying the Colombian economy is like resolving to exercise more. Everyone agrees it is a good idea but it never seems to happen.
The ANH finally updated the field-level production results for 3Q16 which allowed us to update our database and produce these two charts. Some surprises perhaps, and some changes in ‘league positions’.
The OPEC announcement in Vienna a few weeks ago pushed oil prices up, pushed stock markets up in oil exporting countries and got everyone thinking that the worst was finally over.
Ecopetrol’s export distribution remains virtually unchanged from 2Q16 and has been essentially stable throughout 2016.
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