The USO and Mansarovar Energy have reached a tentative agreement, thanks to the intervention of the Ministry of Labor and ended an ongoing strike.
Several months ago, I published an opinion piece saying that the reorganization of Ecopetrol (NYSE:EC) in the middle part of the last decade did not go far enough and it should be broken up into several distinct businesses.
We have looked at shut-in fields twice now, once theoretically and once based on the results from the first months of 2015. Now with the National Hydrocarbons Agency (ANH) detailed results for 2Q15 we can see the process of shutting-in fields has slowed or perhaps stopped.
The IDB’s Ramón Espinasa spoke about oil prices last week at the Colombian Engineers’ Association (ACIEM) Enercol 2015 conference. He had predictions for short-term price movements but his comments on the current situation were similar to those we take from this graph.
Ecopetrol (NYSE:EC) and Occidental (NYSE:OXY) have reached an agreement that looks to improve the La Cira Infantas field recovery factor from its current 17% to 30%, an alliance which they say ratifies the commitment and trust of the firms in the future of Colombia’s hydrocarbons industry.
The Meta governor Alan Jara says he has told the national government that the OCAD controlling bodies which approve royalty projects “continue to be a disaster and a centralist and inefficient model”.
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