Ecopetrol has announced that two of its high executives will swap roles. Thomas Rueda, current president of the NOC’s transportation firm Cenit, will take over as president of the Ocensa pipeline, while the pipeline’s president, Luisa Fernanda Lafaurie, will take the Cenit role.
We are learning from Hydrocarbons Mexico that when one company, especially the NOC, dominates completely the industry, the news is all about them.
I have to admit it’s getting better (Better) / A little better all the time (It can’t get no worse) – Lennon-McCartney
Gran Tierra (TSX:GTE) says that it has closed a US$525M deal for PetroLatina Energy, as it consolidates its position in Colombia and in the Middle Magdalena basin.
The USO continues to celebrate the reversion of the Rubiales and now the Cusiana fields to Ecopetrol (NYSE:EC), calling it “a party for all Colombians”, and also scored a win with the Labor Ministry on refinery work shifts.
As we write this the Rubiales field is hours away from being reverted to Ecopetrol (NYSE:EC), marking the end of an era for Pacific E&P. Starting at 12am on Friday, July 1, the NOC will be tasked with taking the field over, and plans to start a new drilling effort to maintain its declining production level.
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