The industry keeps working to prove that fracking can be done in a responsible way, despite the ruling from the State Council that put the measure on hold, again.
CINTEL recently held its annual ANDICOM event, bringing together technology and telecommunications companies. Ecopetrol (NYSE: EC) received an award at this event in the Large Companies category.
Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended June 2019. The company reported operational success during this quarter and record financial performance.
Industry experts like the Minister of Mines and Energy (MinEnergia), Maria Fernanda Suarez, spoke on the decision of the State Council to maintain the suspension on fracking.
Ecopetrol (NYSE: EC) and CENIT announced the start of operations of a new pipeline in the country, which will be key to transporting fuel safely and reliably in new regions of Colombia.
The union sent a letter to the Ecopetrol Group, discussing the importance of not selling transport subsidiary, Cenit.
A couple of weeks ago we wrote about oil prices concluding that “Your CFO is unhappy because prices are low and appear to be falling.” CFOs were no doubt happy in 2Q19 because netbacks (on average) were up.
Natural gas is the fossil fuel with the best prospects for the medium and long term due to its low pollution levels. Promigas Aquiles Mercado spoke about the natural gas landscape in Colombia.
The Podion Corporation and the Colombia Fracking Free Alliance accused Drummond of contempt of court for an alleged violation of the State Council’s rulings.
Authorities and the sector continue working to expand the coverage and use of natural gas in the country. The industry conducted an analysis of this market and its use in the residential and vehicular sector.
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