Friday, August 17th, 2018
The Colombian Association of Natural Gas (Naturgas) wrote a report comparing the prices of gasoline with natural gas prices in the main cities of the country. The price difference between these two fuels has increased recently.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30, 2018. Average production increased, but the firm reported a net loss during this quarter and 1H18 (due to one-time and non-cash charges).
Julio César Vera, president of the Colombian Association of Petroleum Engineers (Acipet), spoke about the importance of fracking to assure the country’s self-sufficiency.
Oil companies are diversifying their portfolios and the industry associations say the petrochemical business has positioned itself as one of the most attractive alternatives.
Ocensa, Geo Park (NYSE:GPK) and Ecopetrol (NYSE:EC) spoke about the successful development of social investment projects in their areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Ecopetrol (NYSE: EC) announced its second quarter 2018 results. The NOC financial performance considerably increased compared to previous year, proving that the company is levering current oil prices.
The company announced measures to improve its service in the Colombian Caribbean.
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