The Colombian Petroleum Association (Acipet), Ecopetrol (NYSE:EC), and the NOC’s transport subsidiary, Cenit, hosted academic meetings in 61 different areas of influence.
As we reported, recently the first ‘window’ of the new ‘permanent’ block assignment process (known as PPAA for its initials in Spanish) passed its first hurdle successfully. In this article, we look at the results, based on the notes we took at the event. Official results, have been published confirming our estimation of the leading bidder for each block.
There was a ‘tempest in a teapot’ the last week or so about the ANH’s use of WTI reference points for the Permanent Assignment Process. The ‘usual’ way of talking about prices in Colombia is Brent. But the bulk of Colombian crude is much heavier than either. The country has its ‘own’ blends but the one that we can get data on is Vasconia.
Naturgas’ Orlando Cabrales spoke about the arrival of more than 100 tanker trucks fueled by Vehicular Natural Gas (VNG).
The boom in referendums jeopardized industry activities around the country. This issue has been calm during this year, but some processes are still underway. The Administrative Court of Casanare ruled on a consultation in the municipality of Tauramena.
According to the union, Ecopetrol’s (NYSE:EC) management is letting go hundreds of personnel from the company’s Transport Vice-presidency (VIT) area. Here are the details
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