Communities And CSR

    Post-conflict process debate

    Communities and CSRACIPET congress organized an interesting debate on the post-conflict process and the role of the sector at this stage. Important public figures participated to talk about this subject. » Read More

    The government and Gran Tierra working on the post conflict process

    Communities and CSRThe Colombian Petroleum Association (ACP) reported that the Ministry of Environment (MinAmbiente) and Gran Tierra Energy (TSX: GTE) signed an agreement to restore a polluted area of Pozo Azul Grande in Puerto Asís (Putumayo). » Read More

    "We are in favor of a strike": USO

    Communities and CSRThe union spoke about negotiations with Serviport; company where Ecopetrol (NYSE: EC) holds 49% of equity interest through CENIT. » Read More

    The industry’s role in Casanare

    Communities and CSRThe ‘Casanare 2035’forum took place in Yopal, where the role of the industry in the department’s economic growth was discussed. » Read More

    Popular referendums in Casanare

    Communities and CSRThe boom of anti-oil and mining referendums keeps swelling and communities are planning to carry out new consultations in key regions of the industry. There are new referendums being promoted in the Department of Casanare. » Read More

    Ocensa and Ecopetrol are committed to Colombia’s rural development

    Communities and CSRBoth companies shared the projects they are currently developing in the departments of in Casanare, Santander, Boyacá, Antioquia and Córdoba.These and other Corporate Social Responsibility (CSR) stories in our periodic summary. » Read More

    USO stands up for its members

    Communities and CSRThe union issued two statements where it showed its support for employees of Fepco Zona Franca, HV Services and Sinproseg. » Read More

    Mining debate

    Communities and CSREight popular consultations to decide the future of mining projects in Colombia had been developed this year, where the 'No' has consistently won. The most recent, in Sucre (Santander), will be the ninth. » Read More

    October starts with a positive report on CSR projects

    Communities and CSREcopetrol (NYSE:EC) and Frontera Energy (TSE: FEC)spoke about the CSR projects that they are successfully developing in their areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.  » Read More

    USO on Collective Labor Agreement results

    Communities and CSRThe union gave a report two months after having signed the Agreement with Ecopetrol’s (NYSE: EC) management.  » Read More

    Company News

    Frontera plans 2018

    Company NewsFrontera Energy (TSE: FEC) announced its plans for 2018 in Colombia. The company aims to strengthen its presence in the country. » Read More

    ECP applies molecular biology

    Eye on EcopetrolEcopetrol (NYSE: EC) and the Industrial University of Santander (UIS) are working on a molecular biology project to solve oil industry problems. » Read More

    ECP to invest US$2.6B

    Eye on Ecopetrol

    In recent years, Ecopetrol (NYSE: EC) has followed an austerity strategy to deal with the oil price crisis. The company committed to reactivate investment this year with heavy spending, but the firm is reducing its budget compared to initial plans.  » Read More

    Lloyd's Register gets offshore contract

    Company NewsOffshore projects are progressing as planned and the sector has made announcements about these. Ecopetrol (NYSE: EC) made a decision on the drilling of the Molusco-1 well.  » Read More

    Hupecol officials investigated

    Company NewsColombia’s Attorney General is investigating several officials of Hupecol Operating Co. for possible environmental damage. » Read More

    New oil industry committee

    Eye on EcopetrolThe Colombian oil sector is facing many challenges and problems in the country. There is much concern about the industry’s future and several oil associations have joined forces to create a committee to boost the sector. » Read More

    Canacol talks about its Picoplata 1 well

    Company NewsCanacol Energy Ltd. (TSX: CNE) announced that a test to develop its Picoplata 1 well through hydraulic stimulation was successfully completed. » Read More

    ECP restarts activities in Trogón-1

    Eye on EcopetrolCommunities have protested and made blockades in the municipality of Guamal (Meta) for the development of the exploratory project Trogón-1 of Ecopetrol (NYSE: EC). Authorities were present in the area to control the situation. » Read More

    Geopark 2Q17 results

    Company NewsGeopark Limited (NYSE: GPRK) announced its financial and operational results for the three-month period ended June 30, 2017.  The company achieved record consolidated production and extraction in Colombia keeps “climbing”. » Read More

    Bayón new CEO of ECP

    Eye on EcopetrolEcopetrol (NYSE: EC) announced that its current Chief Operating Officer, Felipe Bayón will take over as chief executive.  Juan Carlos Echeverry resigned for family reasons. This news generated many reactions.  » Read More

    Concessions

    New schedule for SSJ tender

    Regulation and PolicyThe 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the Sinú- San Jacinto tenders was extended to 24 weeks. » Read More

    Concerns about SSJ round

    ConcessionsRepresentatives of oil companies and industry associations among others expressed concerns about the requirements to take part in the next auction organized by the National Hydrocarbons Agency (ANH). » Read More

    Mantilla McCormick talks about Agreement 2

    Regulation and PolicyAt an event hosted by consulting firm Willis Towers Watson, attorney Carlos Mantilla McCormick, expert on the Colombian energy sector, presented his vision on the Agreement 2. » Read More

    ANLA talks about the industry situation

    ExplorationClaudia González, director of the National Environmental Licensing Authority (ANLA) spoke about fracking and delays in decisions for the industry. » Read More

    ANH will tender 40 blocks this year

    ConcessionsBetween the end of July and the beginning of August of this year, the National Hydrocarbons Agency (ANH) will start offering new blocks, following the permanent allocation scheme that it announced recently. » Read More

    Canacol announces gas block farm-in

    Company NewsCanacol Energy Ltda (TSX: CNE) announced an agreement to a 50% farm-in with Pacific Exploration and Production (TSX: PEN) for a gas block near its other properties.  » Read More

    Amerisur increases its presence in Putumayo

    Company NewsAmerisur Resources Plc (LON: AMER) announced asset acquisitions in the Caguan-Putumayo Basin. The blocks were bought from Pacific Energy E&P (TSX: PEN).    » Read More

    ANH approves plan to reactivate the industry

    Regulation and PolicyThe National Government failed to receive about CoP$23.6T due to the oil price drop and the sector crisis affected everyone. In September 2015, the National Hydrocarbons Agency (ANH) announced improvements and incentives to boost the sector. Nearly a year-and-a-half later, finally, the new regulation has been approved.  » Read More

    Nothing happening

    ConcessionsThe graph shows the history of contracts signed by the National Hydrocarbons Agency (ANH). The post-2014 record is not inspiring. » Read More

    ANH publishes draft of assignment regulations

    Regulation and PolicyIn its first regulatory move since the exit of its president earlier this year, the National Hydrocarbons Agency (ANH) has published a draft of regulations which will govern a promised new assignment process. The agency will receive comments through September 18th, 2016. » Read More

    Downstream, Demand And Pricing

    Biodiesel production is enough

    Downstream Demand and PricingBiodiesel producers and representatives of the sector have spoken about recent actions of the government, which would allow the free importation of this fuel, affecting the local industry.  » Read More

    Fuel prices in October

    Downstream Demand and PricingThe Ministry of Mines and Energy (MinMinas) announced fuel prices for October. Rutty Paola Ortiz, Vice Minister of Energy, spoke about prices prospects for this year. » Read More

    Biodiesel crisis?

    Downstream Demand and PricingThe United States made a decision recently about the biodiesel market, which could generate changes in the international trade of this fuel, affecting Colombia's interests in this issue. » Read More

    Cheapest service stations

    Downstream Demand and PricingThe continuous increase in fuels price generates discontent in the majority of the population in Colombia. The government gives no justification or few explanations for increased prices. National business newspaper La Republica conducted a survey of fuel prices in Bogotá service stations. » Read More

    Harvey increases fuel prices in Colombia

    Downstream Demand and PricingThe Ministry of Mines and Energy (MinMinas) announced a new increase in fuel prices. The entity said that Hurricane Harvey affected prices in Colombia. » Read More

    Transmetano opens its Malena compressor station in Puerto Berrío

    Downstream Demand and PricingThe project had an investment of CoP$43B and will guarantee natural gas supply for one million residential, commercial, vehicular and industrial users in Antioquia.  » Read More

    MinMinas increases fuel prices

    Downstream Demand and Pricing

    The Ministry of Mines and Energy (MinMinas) announced an increase in fuel prices. The Federation of Freight Transport Businessmen (Fedetranscarga) spoke about the high cost of fuels in Colombia.  » Read More

    Gasoline prices decrease in July

    Downstream Demand and PricingThe Ministry of Mines and Energy (MinMinas) announced the first decrease in the fuel prices since December last year.  » Read More

    Consumers to benefit from fuel price liberalization

    Downstream Demand and PricingIndustry experts talked about how consumers would benefit from the liberalization of fuel prices in Colombia. » Read More

    Controller calls for gasoline price liberation

    Downstream Demand and PricingThe Comptroller General proposed changing the gasoline price policy in the country. It generated an interesting discussion.  » Read More

    Environment

    CAS closes Terpel’s plant in Barrancabermeja

    EnvironmentThe Regional Environmental Corporation of the department of Santander (CAS) ordered the closure of a Terpel plant in Barrancabermeja, arguing environmental contamination in the Zarzal stream. The development of these and more stories in our periodic Eco summary.  » Read More

    "There are 2.140 hectares affected after the attack to CCL": Corponor

    EnvironmentThe Northeastern Regional Border Autonomous Corporation (Corponor) described the three attacks on the Coveñas Caño Limón pipeline as "truly alarming," and reported damage to the municipalities of Teorama, El Tarra and Tibú (Norte de Sandander). The development of these and more stories in our periodic Eco summary.  » Read More

    "We need to understand the complete ecological footprint of the oil sector": Brigitte Baptiste

    EnvironmentDuring her speech at the third annual Congress of the Colombian Petroleum Association (ACP), Brigitte Baptiste, director of the Humboldt Institute, said that companies have to work on their energy transition processes. The development of these and more stories in our periodic Eco summary. » Read More

    "Fracking is not environmentally approved yet": ANH

    ExplorationThe president of the National Hydrocarbons Agency (ANH), Orlando Velandia, said that if fracking is developed in Colombia, it will be done with companies that have the necessary experience and capital. » Read More

    Túa River is allegedly at risk by ECP's Santiago –Porvenir pipeline

    EnvironmentAlirio Vargas, environmental leader of the municipality of Monterrey (Casanare) publicly denounced the issue. » Read More

    Responsible oil from the Amazon

    ExplorationAccording to Jaime Concha, Vice President of Mining, Hydrocarbons and Energy at the National Association of Colombian Entrepreneurs (ANDI), companies are betting on an agreement that seeks to explore reserves in Putumayo (Amazonas). » Read More

    Organizations want suspension of fracking pilot

    ExplorationEcopetrol (NYSE: EC) proposed a test to counter the myths around unconventional techniques in Colombia. This generated a great debate between several entities and some organizations are against the proposal. » Read More

    Fracking debate

    ExplorationDetractors and defenders of fracking gave their opinion on this technique in afact-based debate. » Read More

    Anti-fracking association denounces unconventional exploration

    ExplorationThe Alianza Colombia Libre de Fracking (ACLF) made a complaint against ConocoPhillips (NYSE: COP), saying the company is carrying out fracking activities. » Read More

    Attacks to pipelines threaten water sources

    EnvironmentAttacks to oil infrastructure in Norte de Santander have contaminated nine local water sources and even affected the Magdalena River. The development of these and more stories in our periodic Eco summary.  » Read More

    Exploration

    Pentanova taking flight

    ExplorationNew Canadian / Colombian / Argentine oil and gas company Pentanova (TSXV:PNO) is getting attention these days. For one thing, any new company coming to Colombia will get interest. For another, the players involved are veterans of the Colombian industry. » Read More

    MinMinas talks offshore

    ExplorationMinister of Mines and Energy (MinMinas) Germán Arce, said that offshore investments in the country exceed US$700M. » Read More

    Fracking in Colombia?

    ExplorationColombia needs to guarantee its self-sufficiency for the long term, and the country is analyzing different alternatives to achieve it. Fracking is one of the options, but the most controversial. The government might have made a decision on this issue. » Read More

    Companies bet on unconventional resources to save oil production

    ExplorationOne of the main concerns in relation to the industry is the fact that according to the National Hydrocarbons Agency (ANH), the country's reserves will only be enough for five or six years. » Read More

    "Colombia could receive CoP$64T over the next four years thanks to the oil industry": Lloreda

    ExplorationDuring the closing ceremony of the Colombian Petroleum Association’s (ACP) third annual congress, its president Francisco Lloreda, spoke about the situation of the industry. » Read More

    ACP 2017 Congress: Optimism and a debate

    Regulation and PolicyThe ACP’s 2017 congress kicked off yesterday on an up-note, with attendees showing more confidence than in recent events. Starting with Chairman Guillermo Fonseca’s welcome speech, we think the event also kicked off a return to the debate about the roles of State and company in rural development. » Read More

    Rig count recovery

    ExplorationThe Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August. This metric keeps its positive performance, despite operating challenges in the country. » Read More

    "Fracking is not environmentally approved yet": ANH

    ExplorationThe president of the National Hydrocarbons Agency (ANH), Orlando Velandia, said that if fracking is developed in Colombia, it will be done with companies that have the necessary experience and capital. » Read More

    Responsible oil from the Amazon

    ExplorationAccording to Jaime Concha, Vice President of Mining, Hydrocarbons and Energy at the National Association of Colombian Entrepreneurs (ANDI), companies are betting on an agreement that seeks to explore reserves in Putumayo (Amazonas). » Read More

    Sinú-San Jacinto 2017

    ExplorationThe Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) presented the “Sinú San Jacinto 2017 competitive process” at an event in Bogotá. » Read More

    Infrastructure

    Rig count recovery

    ExplorationThe Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August. This metric keeps its positive performance, despite operating challenges in the country. » Read More

    Concerns about thermoelectric plants’ future

    InfrastructureThe Energy Regulatory Commission (CREG) proposed some adjustments in the energy sector, but this has generated much uncertainty among companies in Colombia. » Read More

    New route to transport gas

    InfrastructurePublic Companies of Medellin (EPM) and Canacol announced that through a second route,they will start a project to connect the Atlantic coast with the interior of the country and by this strengthen gas supply in Colombia. » Read More

    Cartagena: becoming an offshore operation center

    InfrastructureLocal authorities spoke about the city’s progress towards becoming an important offshore operation center in the Caribbean region. » Read More

    Coveñas / Caño Limón has been closed 56 days

    Security and Public OrderThe Coveñas / Caño Limón pipeline, one of the main assets of the country to transport crude, continues to report problems from attacks and this is generating huge losses. Ecopetrol (NYSE: EC) commented on the status of this important pipeline. » Read More

    Echeverry on Barrancabermeja refinery

    InfrastructureThere has been much discussion about the Barrancabermeja refinery’s future. Some have said that Ecopetrol (NYSE: EC) will close it, but the company has denied that. Juan Carlos Echeverry, CEO of ECP talked about the refinery situation and his perspectives in an interview with El Espectador. » Read More

    Problems with Madgalena river projects

    InfrastructureColombian authorities want to leverage the navigability of the Magdalena River. There are many projects working to achieve this, but investigations are emerging about possible irregularities. » Read More

    DNP to boost projects through royalties

    InfrastructureThe National Department of Planning (DNP) wants to boost projects through mining and oil royalties around Colombia. Luis Fernando Mejía, Director of DNP, talked about this strategy. » Read More

    ICP to Invest in Infrastructure

    InfrastructureThe Colombian Petroleum Institute (ICP) is the main research center of the industry in the country. ICP announced investments to support Ecopetrol's 2017-2020 business plan (NYSE: EC). » Read More

    Big investments in Magdalena River for crude transport

    InfrastructureThe sector is investing in oil transportation infrastructure in the country. The industry is betting on transporting at least some of the crude through the Magdalena River. » Read More

    Other Voices

    Oil industry future

    Other Voices

    The Colombian oil sector has been key for the country’s economy, but its future is uncertain, as popular referendums and social unrest are putting its development at risk. Sergio Cabrales Arévalo, Doctor and Researcher in Administration of the Andes University, made an analysis of the sector’s future.  » Read More

    "The peace agreements provide opportunities that the industry must seize": Halff

    Other VoicesAntoine Halff, researcher at the Center for Global Energy Policy at Columbia University and former lead analyst for the International Energy Agency (IEA), spoke about the situation of the industry in Colombia. » Read More

    Campetrol highlights offshore industry challenges

    Other VoicesThe Colombian Caribbean region has high expectations about the benefits of the offshore industry. German Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) talked about challenges to supply operations. » Read More

    Colombia is one of the countries with lowest investment in renewable energies

    Other VoicesSome other countries that allocate few resources to generate alternative energies are Venezuela and Argentina. » Read More

    Oil vs water

    EnvironmentWith the title “Fracking vs clean development mechanisms” a Llanos Internet news site tries to cover all the sides of the water issue but ends in a predictable conclusion. » Read More

    USO news summary for the week ending December 7, 2012

    Other VoicesThis week the USO reported on its national assembly and its plans to create an occupational health department. More important is a news item on hearings in Villavicencio on the social and environmental impacts of the mining and hydrocarbons sectors in the department of Meta. A left-wing senator, Alexander López Maya told the hearing that working conditions in Puerto Gaitan were typical of a concentration camp. That’s strange considering that Pacific Rubiales told a conference on sustainable communities and petroleum last Friday that it had no community or labor relations issues in Puerto Gaitan. Although the truth is no doubt somewhere between zero and the Gulag archipelago, we are inclined to think it very much closer to the company’s point of view than one reported by the USO.  » Read More

    USO news summary for week ending November 23, 2012

    Other Voices(The USO is the Colombian petroleum workers union. Unrepentantly radically left, it often seems trapped in some Marxist-Leninist twilight zone from before the fall of the Berlin Wall or perhaps before the Second World War. Still its capacity for mischief is unmistakable and so we believe it is important for oil and gas industry stakeholders to keep track of what they are up to. We will summarize major news items from their webpage or other sources and publish the summary every Monday. We will reproduce the tone of their items while not agreeing with their messages.)  » Read More

    What is the labor situation in Colombia?

    Communities and CSR
    October 10, 2012
    After a union leader told RCN Radio that recent riots in Puerto Gaitan that killed three people were because "Pacific Rubiales has not kept its commitments", the company was forced to issue a statement that this was not true. The company's explanation fits the facts better: that a policeman ran over and killed a small child, the community wanted to lynch him, his fellow policemen defended him and a riot broke out. » Read More

    GeoPark reports 1H12 results -- highlights Colombian operations

    Chile-based GeoPark reported its first half 2012 results in a press release, highlighting acquisitions in Colombia that increased production and successful exploration in Colombia as well.

    The company closed two acquisitions in Colombia in the first half and that contributed 88% of the 194% increase in revenues that the company recorded. The price was US$105M and revenue contribution for the first half was US$36M which should make the CFO and the shareholders happy.Company News » Read More

    Regulation And Policy

    Colombia’s environmental challenges

    Regulation and PolicyThe Colombian-Canadian Chamber of Commerce (CCCC) hosted the “New Environmental Challenges in Colombia” panel, where Minister of Environment (MinAmbiente) Luis Gilberto Murillo spoke about the main environmental challenges that the post conflict process will bring. HCC attended the event. » Read More

    Corruption alert in Casanare

    Regulation and PolicyA group of journalists from Yopal (Casanare) promoted a campaign via twitter to protect the resources from the General System of Royalties (SGR), arguing that they could be vulnerable to fall into corruption. These and other stories in our periodic Royalties summary.  » Read More

    ACIPET congress

    Regulation and PolicyThe Colombian Association of Petroleum Engineers (ACIPET) organized its XVII oil and gas Colombian congress in Bogota. Representatives of the sector and the government inaugurated this event and HCC bring a brief summary of what they said. » Read More

    Authorities want SETP to use natural gas

    Regulation and PolicyWith the aim of improving air quality in Neiva, local authorities announced that they are working on a pilot project for the new Public Transport Strategic System (SETP) buses to switch to natural gas (VNG). » Read More

    Centralized royalties?

    Regulation and PolicyThe National Federation of Departments (FND) said that centralizing royalties affects the development of projects in the regions, while the government argued that it supports autonomy but called for absolute transparency to prevent corruption cases. » Read More

    Gulfsands update contract

    Regulation and PolicyGulfsands Petroleum plc (AIM: GPX) announced an update of the terms and conditions governing its Putumayo-14 License (PUT-14 license) in Colombia, after negotiations with the ANH.  » Read More

    OCAD approves projects throughout Colombia

    Regulation and PolicyDifferent Collegiate Bodies for Administration and Decision (OCAD) announced the approval of royalty-funded projects in the departments of Casanare, Tolima and Valle, among others. These and other stories in our periodic Royalties summary.  » Read More

    ACP talks SSJ tender

    Regulation and PolicyThe deadline for companies to make comments on the terms of reference of the Sinú - San Jacinto auction was October 10th. National business paper Portafolio published the ACP’s comments. » Read More

    New schedule for SSJ tender

    Regulation and PolicyThe 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the Sinú- San Jacinto tenders was extended to 24 weeks. » Read More

    Hupecol officials investigated

    Company NewsColombia’s Attorney General is investigating several officials of Hupecol Operating Co. for possible environmental damage. » Read More

    Security And Public Order

    Authorities talk about contraband fuel

    Security and Public OrderThe police and Armed Forces gave a report on their activities to fight oil theft throughout the country. The development of these and other stories in our periodic Security summary. » Read More

    New attacks against Caño Limón

    Security and Public OrderThe Coveñas /Caño Limón (CCL) pipeline suffered new attacks on its infrastructure causing serious environmental damage. This happened a few days before the beginning of the bilateral ceasefire between the Government and the ELN. » Read More

    USO celebrates labor achievements

    Security and Public OrderThe union spoke of its achievements after it was able to get MASSER S.A.S (Terpel’s fuel distribution subsidiary) to convert 158 workers to permanent employment contracts. » Read More

    Oil and popular referendums forum

    Regulation and PolicyIndustry specialized newspaper Crudo Transparente, together with Jorge Tadeo Lozano University, hosted a forum to discuss oil and popular referendums. HCC was present at the event; we have a summary of the meeting. » Read More

    Community supporting the oil sector in Guamal

    Security and Public OrderProtests against oil sector are seemingly continuous around Colombia, but seldom is there news about people supporting oil activities. As strange as it might sound, this happened in Guamal (Meta). » Read More

    “Palma’s case was a victory”: USO

    Security and Public OrderThe union spoke about Ecopetrol’s (NYSE: EC) withdraw of the lawsuitagainst national USO vice president, Edwin Palma. » Read More

    Ecopetrol denounces attacks to its infrastructure

    Security and Public OrderAfter reporting acts of sabotage, Ecopetrol (NYSE:EC) announced that, to move the rigs to develop its Trogon-1 well in the Pio XII village, in Guamal (Meta), they had to be accompanied by the police.  » Read More

    Gran Tierra’s ‘El Portón’ is discussed at public hearing

    Security and Public OrderThe Audience took place in Yopal, where Gran Tierra (TSX: GTE) presented a proposal supported by Orinoquia’s Regional Autonomous Corporation (Corporinoquia). » Read More

    Attacks on oil infrastructure

    Security and Public OrderThe ELN guerrilla has launched many attacks against the oil infrastructure. The peace process with this guerrilla is progressing and the sector is benefiting greatly from this. » Read More

    USO talks about the bilateral ceasefire

    Security and Public OrderLast week, the oil sector welcomed the announcement by the government and the ELN to agree on a bilateral ceasefire. USO spoke about this subject. » Read More