The company announced its investment budget for next year. Ecopetrol (NYSE: EC) aims to start developing Fracking Pilot Research Projects (PPII) next year.
These are the new members of the National Council Association (CGN), an Organization that groups the most representative business groups in the country.
Ecopetrol (NYSE: EC) reported its export metrics for the third quarter of 2019. This metric is changing, and the Asian market turned into the main destination for Colombian crude.
Vice-minister of Mines and Energy (MinEnergia), Diego Mesa, spoke about the benefits and challenges that fracking will bring to the country, if approved by authorities.
The United Nations (UN) and research groups spoke about high coal, oil and gas production levels, and its implications for climate change.
Ecopetrol (NYSE:EC) spoke about the development of its first project in the department of Nariño, following the Works for Taxes modality. These and other stories in our periodic Royalties summary.
Lower oil prices inevitably led to lower netbacks in 3Q19 and that could not have made the CFO happy. But production costs were slightly lower on average so operations people should not catch any flak (or at least, not any more than usual).
The Colombian government has taken different measures to boost the sector’s reactivation. Experts spoke on the matter.
The National Hydrocarbons Agency (ANH), the Territory Renewal Agency (ART) and the Presidential Council for Stabilization, signed a letter of understanding to develop Development Programs with Territorial Approach (PDET) in oil regions.
The Colombian Association of Petroleum Engineers (Acipet) awarded oil and gas projects for their “excellence and relevance in the national context.”
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