Archive for June, 2015

Headlines June 15th – 30th, 2015

Investing in oil and gas in Colombia is a matter of many factors, one of them having the right information at the correct time. Following are some of our latest headlines.

Estimating the cost of attacks

Attacks on Colombia’s pipeline sit squarely in the center of the guerrilla’s strategy, and in 2014 the 136 registered attacks had an estimated impact of CoP$142.14B (US$55.7M) in repair costs alone, according to a study from the Colombian Chamber of Oil Goods and Services (Campetrol)…

ECP cost per barrel second highest in LatAm

Surging costs associated with transportation, refining, social conflicts and licensing have made Ecopetrol’s (NYSE:EC) cost per barrel the second highest among state oil firms in Latina America, says a report from the Colombian Petroleum Association (ACP)…

Could gasoline demand fall?

While the official analysis for gasoline demand in Colombia expects overall fuel consumption for mobility to grow 67% in 2030 compared to current levels, the use of alternative transport means and fuels could actually contract the market by up to 25% in 2050…

Peace process week of June 22: Farc asks Santos to “silence the weapons”

The Farc has asked President Juan Manuel Santos to make a truce amidst violence and “silence the weapons” while the two sides establish a bilateral cease-fire…

New defense minister sworn in as trends continue

The total incident count was back up slightly to 35 although guerrilla-initiated incidents (by our methodology) were down by 2 but the 4-week trend continued up…

Turnover at the top in Ecopetrol

In the last two weeks three executive managers at Ecopetrol (NYSE:EC) have retired as the company’s president Juan Carlos Echeverry adjusts his team…

Senator calls for greater intervention in Putumayo

Senator Manuel Enríquez Rosero made a call for congress to address the developing social and economic crisis building in Putumayo in its next ordinary session…

USO behind strikes in Arauca

Oil operations have been stopped at the international oil firm Occidental (NYSE:OXY) in Arauca. Workers have gone on strike to demand a response from the oil firm after heavy rains have caused a scarcity of potable water in the area and have flooded local homes…

Trust Consulting’s Ernest Borda: Can Colombia’s pipelines be kept safe?

We think Ernesto Borda is one of the clearest observers of the social and security challenges in Colombia’s countryside. His firm, Trust Consulting, helps companies in the extractive sector manage the complex political, social and security environment where they operate. With both guerrilla groups stepping up their actions against pipeline infrastructure we wanted to hear what he thought about the drivers and what might be done…

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Headlines June 1 – 15th, 2015

Hydrocarbons Colombia is the ideal place to stay updated about all aspects of the oil and gas market in Colombia.

ECP moves forward with plan to farm out fields

As part of its new strategy, Ecopetrol (NYSE:EC) is planning to focus on its larger producing blocks and implement a divestment plan for at least 45 of its smaller fields…

Ecopetrol has not considered selling Cenit

After statements made by USO president Edwin Castaño that Ecopetrol is considering selling part of its transport and logistics firm Cenit, Ecopetrol’s vice president Camilo Carulanda said that it is not an option being considered…

DNP says SGR working well, an opportunity for regions

The National Planning Department (DNP) published a statement in which it highlighted the arrival of royalty projects to all of Colombia’s departments, and said that things are going well…

CSR Summary: Ecopetrol advances water and education works

Ecopetrol installs new water infrastructure in Meta and plans to build educational infrastructure in Cupiagua. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary…

May marks the 8th month above 1mmbd

Colombia continues its gravity (and naysayer) defying trick of maintaining production above 1 million barrels a day for yet another month. The mystery is how…

Ecopetrol lays out exploration plan

Ecopetrol (NYSE:EC) has offered more details on its new exploration strategy through 2030, which looks to reestablish its exploratory success and replace its shrinking supply of reserves…

A look at two thorns in the side of the hydrocarbons sector

High energy and transportation costs represent two of the major challenges for the hydrocarbons industry, and recent reports in a local business publication look deeper into the causes and future trajectory…

CSR Summary: Mayor accuses Ecopetrol on CSR work

Ecopetrol (NYSE:EC) has offered more details on its new exploration strategy through 2030, which looks to reestablish its exploratory success and replace its shrinking supply of reserves…

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