Headlines August 17th through 23rd

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Guerrilla definitely backing off

Guerrilla-initiated incidents by both groups went way down this week, but the Armed Forces picked up the slack driving total incidents up to 28.

ECP trumpeting cost cutting

A local paper published a document from Caquetá professionals in the field of social research who see the region’s unique environmental riches and the impact on the social conflict as the main reasons why the region is not suited for oil production.

The argument against oil in Caquetá

A local paper published a document from Caquetá professionals in the field of social research who see the region’s unique environmental riches and the impact on the social conflict as the main reasons why the region is not suited for oil production.

CSR Summary: GeoPark, Gran Tierra promote health and safety

GeoPark trains high altitude workers on safety procedures, meanwhile Gran Tierra Energy (TSX:GTE) implements a preventative health and safety campaign. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.

Why does it feel like things are moving sideways?

The Northern Europeans are probably jubilant with the events of the last couple of weeks and editorial cartoonists have started once again to lampoon President Juan Manuel Santos’ alleged Nobel Peace Prize ambitions. But I read the tea-leaves a bit less optimistically. Production will probably be up for the next four months – assuming the latest truce holds – but no one should be planning to cut back on security budgets in 2016.

Ecopetrol becoming a transportation company?

We doubt that CEO Juan Carlos Echeverry would agree with the statement in our title and it is admittedly, more than a little exaggerated for effect. But the company’s profits at least are shifting towards the hydrocarbons transportation line-of-business. It can be seen in the above graph (we scaled 1H15 results by days-remaining-in-the-year to get our 2015e) but perhaps more dramatically in some of the charts we show below.

Has anything changed regarding environmental licensing?

Repeatedly cited as one of the drawbacks for the industry, the government announced a new framework for environmental licensing, and the Chamber of Oil Goods and Services (Campetrol) found that the proportion of licenses approved versus those filed has changed since the last year.

Crude oil prices have little influence in fuel formula

Much has been said about the formula used to determine monthly gasoline and diesel prices, especially since the fall of international crude prices. But it is becoming clearer that the Brent and WTI have only a small impact in the Ministry of Mines and Energy (MinMinas) calculations.

MinMinas kicks off 2015 regional strategy in Arauca

Following up on actions in 2014, the Ministry of Mines and Energy (MinMinas) has extended a series of workshops to facilitate better relations between regional authorities, companies and communities, choosing Arauca as the first host for the meetings this year.

Royalties Roundup: A look at Maparregalías

A monitoring tool for the general public Maparregalías has been unveiled, and offers a window into CoP$16.8T (US$5.5B) in royalty resources that have been approved for projects in the first half of 2015, meanwhile a report reveals inefficiency in royalty project execution. These and other stories in our periodic roundup.

Why does it feel like things are moving sideways?

The Northern Europeans are probably jubilant with the events of the last couple of weeks and editorial cartoonists have started once again to lampoon President Juan Manuel Santos’ alleged Nobel Peace Prize ambitions. But I read the tea-leaves a bit less optimistically. Production will probably be up for the next four months – assuming the latest truce holds – but no one should be planning to cut back on security budgets in 2016.

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