The US has implemented restrictions on Venezuelan oil to generate economic pressure on the Nicolas Maduro regime. This situation has generated opportunities for the Colombian oil sector.
The National Hydrocarbons Agency (ANH) announced the signing of new exploration and production contracts with Shell (LON: RDSB) in offshore areas of the Caribbean Sea. Representatives of the government and the company spoke on this important agreement.
Colombia’s Chamber of Infrastructure (CCI) made a proposal for the resources the government could get by selling 8% of Ecopetrol’s (NYSE:EC) shares.
More than 20 congresspersons from different political parties, asked President Duque not to implement fracking in Colombia. Here are the details.
The Ministry of Mines and Energy (MinMinas) announced a new increase in fuel prices for March 2019. The Federation of Cargo Transport Companies (Fedetranscarga) spoke on this subject and sent a clear message to the government.
According to the Minister of Mines and Energy (MinMinas), at least five companies are interested in developing fracking pilot projects in six Colombian blocks.
Ecopetrol (NYSE: EC) will hold its Annual Shareholder General Assembly at the end of March, and this has generated much discussion among experts, analysts and members of the sector. One of the main topics has been possible new members of ECP’s Board of Directors.
The firm explained the reasons why it had to activate its contingency plan in Puerto Boyacá, once again. The development of these and more stories in our periodic Eco summary.
Geopark Limited (NYSE: GPRK) announced its financial results for the fourth quarter and year ended 2018. The company reported record oil and gas production and Colombia keeps increasing its participation in this key metric, thanks to the Llanos 34 block. The firm reported excellent financial results.
Ecopetrol (NYSE: EC) announced an ambitious plan to boost production and reserves in the coming years. Analysts talked about this strategy and its effects in the market.
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