The issue of the industry’s viability continues to haunt us as oil prices stubbornly stay below US$70 and a long way from US$100 where they were only 1 year ago.
Ecopetrol (NYSE:EC) has released more concrete details on its strategy going forward, revealing plans to focus on its larger producing fields and divest of non-strategic assets.
The Santander Governor Richard Aguilar Villa said that he was able to confirm an official visit from Ecopetrol (NYSE:EC) president Juan Carlos Echeverry to discuss the future of the Barrancabermeja Refinery and address employment alternatives.
Ecopetrol (NYSE: EC) president Juan Carlos Echeverry and the USO president Edwin Castaño coincided at a private event in Bogota, where the USO says that Castaño addressed his concerns about the statement the executive made April 7th on smaller oil fields and a supposed inconsistency in the figures presented on the number of Ecopetrol wells.
The Ministry of Mines and Energy (MinMinas) inched fuel prices up for the first time this year, but reinforced that Colombians will not see large changes in the fuel price even if international prices climb.
Ecopetrol (NYSE:EC) shifted its exports from Asia to Central America and the Caribbean. Could Venezuela’s need to end subsidies in Petrocaribe be the driver?
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