There is considerable pessimism in the Colombian industry and keeping with the pessimistic theme, we start this month’s edition with the results of our annual pulse survey.
Colombia’s Senate is back in session for 2015 and its first priority involving the hydrocarbons industry is natural gas prices.
Farc commander Rodrigo Londoño Echeverri, alias ‘Timochenko’ criticized the government and called for a transitional process that is applied equally to former guerrilla members and the armed forces.
Crude oil price benchmarks WTI and Brent are not identical so there is a gap. Some think the gap has some physical meaning. Others believe it is tautological: the consequence of different economic forces acting on each benchmark price.
With low international oil prices, practices that increase costs for companies like the use of intermediaries to place workers are even more damaging since it can be enough to make a project unprofitable.
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