Ecopetrol (NYSE:EC) president Juan Carlos Echeverry says the NOC is learning to reverse a trend of “thinking fast and acting slow”, and that its main strategy to improve its results in the short term is in improving the recovery factor. Exploration is for production of the future.
The National Hydrocarbons Agency (ANH) president Mauricio de la Mora said that the agency is preparing another series of measures that will help improve the conditions for the industry to remain competitive, with a focus on how it will assign new blocks.
Industry and community representatives complain about how poor road quality in Caquetá affects business, meanwhile a special hearing will be held to decide if Pacific E&P (TSX:PRE) is responsible for damage on the Corocoro-Cravo Norte highway. These and other stories in our periodic roundup of road-related issues.
Ecopetrol (NYSE:EC) published a look a back on the 2,572 attacks on its oil infrastructure between 1986 and 2015 by the guerrilla, and gave a small glimpse into some of its impact.
A study from an energy consultancy found that the Colombian thermoelectric sector only has 34% of the natural gas it needs to purchase to produce the country’s energy during the El Niño weather phenomenon.
“This government does not believe in the agriculture sector as a motor of development” said that executive president of the Colombian Association of Oil Goods and Services (Campetrol) Rubén Darío Lizarralde, an area where the association is looking to lessen the economic dependence on the oil industry.
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