Ecopetrol (NYSE:EC) president Juan Carlos Echeverry gave another interview, emphasizing offshore and clarifing that in the Llanos development remains strong despite cuts in investment.
“Colombia demands proof that their will for peace is real. We do not want more rhetoric” was the emphatic call this week of President Juan Manuel Santos a week after a guerrilla attack left 11 soldiers dead, while critics call for a halt to negotiations.
But the statistical odds are not good given recent history. President Juan Manuel Santos has changed MinMinas every year.
MinMinas Tomás González was in Houston this week at one of industry’s most important conferences, CERAWeek. This is a marketing opportunity certainly but also a look at the official point of view.
The General Comptroller has released comments on the royalties budget for 2015-2016, criticized the slow pace at which royalties projects are being executed and highlighted an unrealistic reference price per barrel of oil. These and other stories in our periodic roundup.
The oil industry has always been subject to price cycles, so the fall in prices should be nothing new. However instead it has caused panic among companies which has left Colombian workers and oil engineers exposed says the president of the Colombian Association of Oil Engineers (Acipet) Carlos Leal.
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