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Crude oil up; gas in freefall

Crude oil up; gas in freefall

At the very end of the fourth last business day of February, MinMinas finally announced oil and gas production for January. For oil, it was good news; for gas, not so much.

Thursday, February 23rd, 2017
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Regasification plants debated

The gas industry in Colombia is having an intense debate between members of the hydrocarbons sector and the National Government. Some companies in the sector do not agree with these plants while the government wants to promote them.

Wednesday, February 22nd, 2017
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Barrancabermeja’s refinery celebrates its 95th anniversary

Ecopetrol (NYSE: EC) reported that Barrancabermeja’s refinery celebrated its 95th anniversary with positive financial results, operating and petrochemical production records, and innovations in its processes, which keeps it at the forefront of industrial development in the Middle Magdalena region.

Wednesday, February 22nd, 2017
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Industry, ANH and Armed Forces show results

During a meeting, the National Hydrocarbons Agency (ANH), the Colombian Armed Forces and operating companies of the industry, presented the results of a strategic alliance between the industry and the military.

Wednesday, February 22nd, 2017
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ECP proven reserves fall

ECP proven reserves fall

Ecopetrol (NYSE: EC) reported its reserves as of December 31, 2016, declaring yet another a decrease this time compared to 2015. The Reserves Life Index (RLI), as expected, also fell. Ryder Scott Company and DeGolyer & MacNaughton audited the majority of reserves (99%).

Wednesday, February 22nd, 2017
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“Colombia should not stop investing in the industry”: Campetrol

Although the government has been promoting the diversification of Colombia’s economy since last year, the new president of the Colombian Chamber of Petroleum Goods and Services (Campetrol), Germán Espinosa, said the country should not stop investing in the industry because it has considerably boosted its economy.

Tuesday, February 21st, 2017
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