The uncertainty surrounding the future of Colombia’s largest producing field, Rubiales, and the association contract between Ecopetrol (NYSE:EC) and Pacific Rubiales (TSX:PRE), has workers currently assigned in the UTEN union with the later firm demanding more clarity about their future.
The Colombian Petroleum Association (ACP) will be led by a new president, Francisco José Lloreda Mesa, starting in August. Lloreda repaces Alejandro Martínez, who has stepped down after working for the association for the last 20 years.
The central government is preparing a plan to address what it considers the gravest problem affecting oil production in Colombia today: pipeline security. Officials say military presence is being increased, as are drone flights.
On Wednesday, July 23rd in Cartagena, 38 companies will look at 95 blocks and place their bets. What do we think they will do?
The National Hydrocarbons Agency (ANH) says that hydrocarbons companies must be prepared for the El Nño weather phenomenon, calling on firms to treat water resources with special care.
The USO has always had a bone to pick with Pacific Rubiales (TSX:PRE), but the union has taken its stance to the forefront of negotiations with Ecopetrol (NYSE:EC), targeting PRE’s Star secondary recovery technology and calling for a presence in the Rubiales field.
2026, Hydrocarbons Colombia, All Rights Reserved.
