The union shared the results of the meeting between it and OXY Andina’s contractor firm, Tecnicoriente Well Services and Generation S.A.S.
We usually update our oil price graphs at the beginning of October but we had other things we thought were more timely. However, by publishing at the end of the month, we captured the slide that has taken place. Trick or treat? Boo!
The government policy topic of the quarter for oil producing countries is economic diversification. The IEA says they cannot count on oil revenues and so need to find new sources relatively quickly. Colombia is not an ‘oil country’ but the same debate runs here.
Ecopetrol (NYSE: EC) announced its third quarter 2018 results. The NOC’s financial performance considerably increased compared to previous year, proving that the company is levering current oil prices. The firm highlighted good advances in its drilling campaign during this quarter.
The development of unconventional deposits is one of the main strategies to increase reserves and production of oil and gas in Colombia. Ecopetrol (NYSE: EC) initiated a legal process to develop these projects in the country.
Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet), wrote an Op-Ed to highlight important aspects of the industry in the country.
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