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.
Ecopetrol (NYSE:EC) announced investments to develop unconventional resources in Texas, while Colombian authorities still debate about the future of fracking pilot projects in the country.
Ecopetrol (NYSE: EC) has managed to report good financial and operational results in recent years, leaving good dividends for the Colombian state and its shareholders. However, security issues are putting the firm on alert.
American authorities fear that the government’s decision to temporarily impose a surcharge on US ethanol imports, may become a permanent measure.
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