The Minister of Mines and Energy (MinMinas), Germán Arce, appointed two engineers as expert commissioners in the Energy and Gas Regulatory Commission (CREG).
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures in the country for January 2018. Crude extraction decreased compared to the previous month, but this metric is above the government’s mid-term target.
The CEO of Ecopetrol’s (NYSE: EC) subsidiary, Alberto Consuegra, said that even though better oil prices bring positive expectations for 2018, the industry will have to overcome important challenges to leverage the new opportunities.
Frontera Energy Corporation (TSX: FEC) and PentaNova Energy Corporation (TSXV: PNO) announced changes in their executive positions.
The union spoke about the violent acts that took place at Ecopetrol’s (NYSE:EC) fields in Meta, and questioned the NOC’s decisions.
Recently, Ecopetrol (NYSE:EC) got the public’s attention about the violence in southern Meta with a ‘gee whiz’ estimate of how much oil production was at risk. That got our Analyst thinking about production concentration and risk.