The graph shows that gas continued to be a better business than crude oil in 2Q16 despite rising oil prices which boosted oil netbacks.
The above graph accurately reflects the perception that security is less of an issue for the industry than at any time in the past 4 years. However, the ELN are not covered by any current agreements so in some parts of the country the situation is not so tranquil.
The USO said that it has filed a criminal complaint against Ecopetrol (NYSE:EC) president Juan Carlos Echeverry with the Attorney General’s office, accusing him of violating workers’ right to association.
The Finance Minister Mauricio Cárdenas said he has a “shock plan” ready for Ecopetrol (NYSE:EC) which is designed to increase production by 25,000bd and improve the country’s macroeconomic benchmarks.
After a hearing ordered by the municipal council of Simacota, Santander, Ecopetrol (NYSE:EC) and Parex Resources (TSX:PXT) have clarified that the participation agreement and nearby project does not involve any unconventional techniques like fracking
Ecopetrol (NYSE:EC) said that more than 40,000bd of crude production is at risk due to striking coca farmers in Puerto Caicedo, Putumayo.
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