Eye on EcopetrolEither Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry is ‘sandbagging’ his board or the NOC is preparing for some steep production declines in 2016. Otherwise, our calculations make it hard to explain a 755 mboed production target.
Gran Tierra Energy (TSX:GTE) has announced its 2016 investment plan which it says will give it flexibility in allocating capital to projects and better weather the volatility in oil prices. The firm says that it wants to both grow and expand on its assets in Colombia.
Ecopetrol (NYSE:EC), through its laboratories with the Colombian Petroleum Institute (ICP) is launching a study of Bogotá’s air quality, while the Senate has voted to protect wetlands and high mountain tundra. These and other environmental stories in our periodic summary.
USO affiliated workers at the Barrancabermeja have put up the greatest resistance to Ecopetrol’s (NYSE:EC) cost cutting measures, with a continued run of protests and blockades affecting the area since mid-December. An unstructured dialogue continues for now.
Pacific E&P (TSX:PRE) CEO Ronald Pantin gave his first interview since the firm’s stock took a beating last week due to liquidity concerns which forced it to take an extension on interest payments. The executive insists that the firm remains on solid footing despite the upheavals.
Ecopetrol has unveiled a number of different road and small infrastructure projects, as well as a “bio-health park” and aqueduct. These and other Corporate Social Responsibility (CSR) related stories in our periodic summary.
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