Unconventional production might be a solid pillar of the government’s strategy to grow reserves, despite reservations from environmentalists. But fracking’s biggest opposition comes from the low price of oil.
The USO says it had nothing to do with a recent attack at the Rubiales and Quifa fields that left infrastructure damaged and vehicles burned, and called for a peaceful dialogue.
The Senate’s Fifth Commission held a six hour debate that included ministers and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry, but failed to reach any conclusions.
With a light recovery in oil prices over the last week and a weaker dollar, there has been plenty of speculation over where the price of oil will end up in the next two years. Also in Casanare, authorities say royalties have fallen more than 80% due to the oil price crisis. These and other stories in our periodic roundup.
India’s Oil and Gas Minister Dharmendra Pradhan made a visit to Colombia as part of a strategy to increase its imports from Latin America, opening the possibility of building a cutting edge refinery to help guarantee its supply.
GasVenezuelan NOC PDVSA may be finally ready to reverse the flow of gas and export to Colombia in January 2016. Take it with a Bolivarian grain of salt.
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