Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2019. The company reported production growth, good financial performance and cost savings during this period.
The entity spoke about how the industry’s investment of not less than 1% benefited environmental projects in Casanare.
Professor Brad Hubbard of the University of Calgary, an expert in unconventional deposits regulation, spoke about the experience of Alberta in the development of these projects. HCC was present at the event and we bring a brief summary of the meeting.
Ecopetrol (NYSE:EC), Equion and GeoPark (NYSE: GPRK) spoke about their successful social investment projects. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Parex (TSX: PXT) announced its financial and operating results for the second quarter 2019. The firm reported oil production growth and strong financial performance.
CEO Felipe Bayón spoke about the NOC’s upcoming projects, and how they will assure best practices in Colombia, when it comes to developing unconventional resources.
The possibility of implementing unconventional techniques such as fracking has generated much discussion and speculation in the country. Rodrigo Suarez, Director of the National Environmental Licensing Agency (ANLA), spoke on this subject and rumors about possible licensing procedures to allow this technique.
Authorities are investigating alleged irregularities at Ecopetrol’s (NYSE:EC) El Alcaraván ethanol plant in Puerto López (Meta).
In his most recent Op-ed, the President of the Colombian Association of Petroleum Engineers (Acipet), Carlos Leal, questioned environmentalists ‘fight’ in Colombia.
Parex Resources (TSX: PXT) has developed an ambitious investment campaign in the Colombian oil sector, showing positive results. The firm reported excellent financial results in recent years and has positioned itself as one of the most important companies in the country.
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