Communities And CSR

    The industry gives a positive report on CSR projects

    Communities and CSRCompanies like Parex (TSX: PXT), Ecopetrol (NYSE:EC) and Geopark (NYSE: GPRK) spoke about their CSR projects in Casanare.These and other Corporate Social Responsibility (CSR) stories in our periodic summary. » Read More

    September starts with a positive report on CSR projects

    Communities and CSRGeoPark (NYSE: GPRK), Equión and Ecopetrol (NYSE:EC), among others, reported on their social investment projects in the departments of Casanare, Meta and Santander.These and other Corporate Social Responsibility (CSR) stories in our periodic summary. » Read More

    USO highlights ECP’s achievements

    Communities and CSRThe union celebrated Ecopetrol’s (NYSE:EC) 66th anniversary and highlighted its positive results. » Read More

    August closes with a positive report on CSR projects

    Communities and CSREcopetrol (NYSE:EC), Mansarovar Energy, Hocol and Occidental de Colombia (OXY) reiterated their commitment to social investment programs in Colombia and helping communities in Casanare,Puerto Boyacá and Meta among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary. » Read More

    USO talks about Bayón

    Communities and CSRThe union spoke about Felipe Bayón designation as Ecopetrol’s (NYSE:EC) new president, and reiterated that their agenda will remain intact despite changes in the NOC’s administration. » 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

    Industry and Human Rights

    Communities and CSRThe Energy Mining Committee (CME), together with the United Nations Human Rights Council hosted an event that took place at the Colombian Petroleum Association (ACP) facilities, where safety issues, HR and industry-communities relationship were discussed. » Read More

    ECP and Equion are committed to Colombia’s future

    Communities and CSREquion and Ecopetrol (NYSE:EC) spoke about their social and environmental projects that aim to make a positive, long lasting impact on Colombia’s forests,while creating opportunities for young people in the regions during the peace building process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary. » Read More

    USO on fracking

    Communities and CSRThrough a nationalist statement, the union spoke about unconventional resources and the visit of US Vice president Mike Pence in Colombia. » Read More

    "Oil producing municipalities have a better quality of life": ACP

    Communities and CSRA report by the Colombian Petroleum Association (ACP) shows that 70% of the variables of the Multidimensional Poverty Index showed better results in oil producing regions than in those that do not develop oil activities. » Read More

    Company News

    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

    Echeverry’s legacy to ECP

    Eye on EcopetrolAfter presenting his resignation to Ecopetrol’s (NYSE: EC) Board of Directors, Juan Carlos Echeverry spoke about his achievements in the NOC’s financial situation. » Read More

    Echeverry leaves Ecopetrol

    Company NewsCompany NewsEcopetrol’s (NYSE:EC) board of directors accepted the resignation of the company’s current president Juan Carlos Echeverry, filed for family reasons. Just in the past few days, Echeverry had spokenabout the NOC’s international strategy to increase reserves. » Read More

    Bioenergy reports record ethanol production

    Company NewsEcopetrol (NYSE: EC) reported a substantial increase in ethanol production during July. Its subsidiary, Bioenergy managed to register significant growth despite environmental difficulties in the Llanos Orientales. » Read More

    ECP bets on gas

    Eye on EcopetrolAs part of its diversification strategy, Ecopetrol (NYSE: EC) expects to attain 40% of its production from gas within 13 years. » Read More

    Frontera Energy 2Q17 results

    Company NewsFrontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2017. The company reported a net loss and decrease in operating EBITDA and capital expenditure this quarter. » Read More

    Concessions

    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

    After 30 years, Cusiana heading back to Ecopetrol

    Eye on EcopetrolThe other major reversion (besides Rubiales), Ecopetrol (NYSE:EC) is set to receive the Cusiana field on July 4th, after the end of the Tauramena association contract, signed originally between BP (NYSE:BP) and Ecopetrol in 1986. » Read More

    Ecopetrol launches 2016 Round

    Eye on EcopetrolEcopetrol (NYSE:EC) has made good on promises to sell off its non-core assets, and has announced a ‘2016 Field Round’ in which it is auctioning 20 assets to the oil & gas industry. » Read More

    Downstream, Demand And Pricing

    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

    Ecopetrol’s refining activity drops again

    Eye on EcopetrolDespite assurances that Reficar is now practically online, refining volume dropped at the NOCs flagship facility for the second straight quarter. » Read More

    Vasconia moves closer to Brent

    Downstream Demand and PricingVasconia is perhaps Colombias most emblematic crude oil blend and last quarter the discount fell again, reducing the gap to Brent. » Read More

    Environment

    "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

    Concern about several oil spills in oil producing regions

    EnvironmentThe National Environmental Licensing Authority (ANLA) participated in a forum to discuss the Valuation of Environmental Services, and oil spills were reported in different oil producing regions. The development of these and more stories in our periodic Eco summary. » Read More

    ANLA denies oil exploration in Boyacá

    EnvironmentThe National Environmental Licensing Authority (ANLA) ruled on a request from the oil company Maurel & Prom to carry out exploration activities in the country. » Read More

    Locals are concerned about oil spills

    EnvironmentThe government showed its commitment to comply with the Paris Agreement and increase eco-friendly initiatives in Colombia, but oil spills in Nariño and Magdalena were a cause for concern among the locals. » Read More

    Exploration

    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

    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

    Offshore ready to take off

    ExplorationThe offshore sector is the great hope of the Colombian government to guarantee self-sufficiency in the long term (at least in gas). Authorities are working on the regulation to approve the development of these projects and Luis Gilberto Murillo, MinAmbiente, spoke on this topic. » 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

    Offshore investments are on the right track

    ExplorationThe hopes of the Colombian government are in offshore projects to guarantee the country’ self-sufficiency. Juan Manuel Santos, President of Colombia, spoke about the level of offshore investments in Colombia. » 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

    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

    MinHacienda Cárdenas talks CERT

    Regulation and PolicyThe sun had set and maybe a third of the room had already either gone home or was hanging around outside waiting for the bar to open when Mauricio Cárdenas took the stage at the ACP’s annual conference to talk about a key industry issue: the incentive known as CERT. » Read More

    Oil round in 1Q18?

    Regulation and PolicyThe National Hydrocarbons Agency (ANH) announced an oil round for this year, which will not finish until next year, despite the entity’s plans. » 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

    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

    Royalties for peace?

    Regulation and PolicyThrough the Resolution 40907, the Ministry of Mines and Energy (MinMinas) approved the incentive to mining and oil production for the two-year period 2017-2018.These and other stories in our periodic Royalties summary.  » Read More

    Municipalities ready to receive royalties for post-conflict

    Regulation and PolicyThe national government created the Bolsa de la Paz (literally: Peace Allocation) to distribute these resources around the country, as long as the municipalities meet certain requirements. There are several regions ready to receive the resources. » Read More

    SGR budget is boosting Colombia’s economy

    Regulation and PolicyMost of the General System of Royalties (SGR) budget goes to the areas of infrastructure, education, culture, sport and recreation, mines and energy, and agriculture. » Read More

    Meeting between Santos and the oil sector

    Regulation and PolicyRepresentatives of the oil sector met with the President of Colombia Juan Manuel Santos and senior government officials to talk about the industry. » Read More

    ANLA on exploration activities in Marteja

    Regulation and PolicyThe National Environmental Licensing Authority (ANLA) hosted a public hearing to discuss the proposal for exploratory activities in the Marteja area, which has influence on the municipalities of San Vicente de Chucurí, Barrancabermeja and El Carmen de Chucurí (Santander). » Read More

    The ‘Ocadtón’ was a success in Colombia

    Regulation and PolicyDuring a successful project approval marathon ('ocadtón') session, the Collegiate Bodies of Administration and Decision (OCAD) gave the green light to develop several projects throughout the country. These and other stories in our periodic Royalties summary. » Read More

    Security And Public Order

    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

    Authorities report successful operations to fight oil theft

    Security and Public OrderThe National Army presented a positive report on operations to fight this crime in the departments of Arauca, Norte de Santander and Nariño. The development of these and other stories in our periodic Security summary.  » Read More

    ELN ceasefire

    Security and Public OrderThe oil industry has suffered enough because of the constant attacks by the ELN. A cease-fire is great news for this sector, as it would mean a great relief for oil firms, at least while it lasts.  » Read More

    New attack on Caño Limón

    Security and Public OrderAttacks on the Caño Limon-Conveñas pipeline affect the environment, Colombian production, Colombia’s tax revenues and the returns of shareholders in companies which depend on this infrastructure. Ecopetrol (NYSE: EC) reported a new attack on this facility. » Read More