The Colombian oil sector has shown signs of recovery during this year, and the increase in production is a clear proof of that. The National Hydrocarbons Agency (ANH) spoke about the role of Ecopetrol (NYSE: EC) and other companies in the operation of the country’s current production.
The National Oil Companies (NOCs) of Latin America have announced several plans to improve their operations amid a difficult economic environment. Ecopetrol (NYSE: EC), Pemex, Petrobras (NYSE: PBR), YPF and PDVSA face different challenges and are working on several strategies to overcome them.
The new president of the Colombian Cargo Transporters Federation (Colfecar), Juan Miguel Durán, spoke about his goals for the sector.
According to Ecopetrol’s (NYSE:EC) CEO, Felipe Bayón, Colombia’s greatest potential in unconventional deposits is located in the departments of Cesar and La Guajira. Here is why.
Ocensa, the largest oil pipeline in Colombia, announced an increase in transport prices, generating controversy in the sector. This “fight” between oil companies and Ocensa continues and government representatives spoke on this issue.
The Colombian government launched its Circular Economy Strategy, making Colombia the first Latin American country to implement this initiative, and the industry the first sector to provide results.
Canacol Energy (TSX: CNE) announced positive results of the Ocarina 1 exploration well located in the VIM 5 block and the flow testing results of the Nelson 7 development well located in the Esperanza block. The company is the operator of both areas located in the Lower Magdalena Valley (VIM).
The National Environmental Licensing Agency (ANLA) spoke about its Resumé Bank; an initiative to assure that only the best professionals will represent the entity in the territories.
Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2019. The company reported an oil and gas production increase and development and exploration successes during this quarter.
The National Hydrocarbons Agency (ANH) is working to reactivate the industry. The entity’s president gave details on preparations for the upcoming Permanent Area Assignment Process (PPAA).
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