Our quarterly look at Ecopetrol (NYSE:EC) Line-of-Business (LoB) results usually focuses on comparatives. But the real story in 2Q16 was the increase in EBITDA from the E&P business.
GasThe Ministry of Mines and Energy (MinMinas) published official production figures for August 2016, and reported that gas production was 949mmcfd, a 3.29% increase compared to the month of July.
The president of Colombia’s Conservative Party David Barguil wrote a column saying that it is not enough to merely hope for better oil prices and bet on a diversified productive base, the government must extend urgent measures to the oil industry for the better of the whole country.
Hocol’s plan to drill an exploration well in La Macarena in the CPO-16 block is churning up community opposition, and company representatives allege that there are activists feeding the community with bad information to increase resistance.
The countdown to the September 26th signing and October 2nd, and proposals abound for the public figures behind the “yes” and “no” campaign to meet in a dialogue, or even a public debate.
The General Controller Edgardo Maya Villazón urged a reworking of the government’s strategy to ensure gas supply in times of crisis, and said the current strategy is not effective.
2026, Hydrocarbons Colombia, All Rights Reserved.
