The National Hydrocarbons Agency (ANH) published detailed crude oil production results for March and April and that allowed us to update our analysis of shut-in fields.
After a week in Mexico City and another week at the Global Petroleum Show in Calgary, Mexico’s ‘belle of the ball’ status is clear.
Ecopetrol (NYSE:EC) is now set to receive the Rubiales field at the end of the month, and has also established its workforce which will staff and operate the field.
Government and Farc negotiators are working in separate sessions until next Monday, June 20th, before starting an intensive round that press reports are billing to be one of the last. Meanwhile President Juan Manuel Santos warned the Farc could resume urban warfare if talks fail.
The Finance Minister Mauricio Cárdenas said that the government does not expect to receive any income from oil industry profits in 2016, and instead will likely face CoP$800B (US$265.4M) in returned taxes for oil companies.
Senate President Luis Fernando Velasco accused the government of charging illegal taxes in its fuel price formula even after they were struck down by a Constitutional Court ruling and alleged citizens are essentially subsidizing Ecopetrol (NYSE:EC).
2026, Hydrocarbons Colombia, All Rights Reserved.
