Friction between USO’s directives and Ecopetrol (NYSE:EC) continues to dominate the Union’s press statements. USO’s president said Ecopetrol keeps on harassing its members, and disagreements between Independence Drilling, the NOC and workers in Putumayo can escalate into a social conflict if a solution regarding better working conditions is not reached by the end of the week.
A few weeks ago, we questioned the feasibility of MinMinas’ 2017 crude production target of 875mbd. No one jumped on us – or, frankly, congratulated us for our insightful analysis.
This past weekend, a friend of mine who is not in the industry asked me what exactly our newsletter talks about. So I gave the elevator pitch and that got me thinking about why we choose these topics.
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).
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