Ecopetrol announced its financial and operational results during the first quarter of 2019, with positive results. The company is the main player in the Colombian oil sector, but how much does its direct production represent in the total extraction of the country?
CEO Felipe Bayón confirmed that the NOC started the first phase of its fracking pilot project, and is ready to start phase two.
Colombia continues to discuss the possible implementation of unconventional techniques, while the current oil and gas reserves levels generate concerns in the hydrocarbon sector. Alberto Leal Niño, Chairman of the Board of Directors of the Colombian Association of Petroleum Engineers (ACIPET), spoke on this subject and international experiences in countries such as Poland.
The union spoke about its latest legal battle with the NOC’s management, among other issues. Here are the details.
Promigas is building a pipeline for Canacol Energy (TSX: CNE) and this project is progressing quickly. Promigas representatives spoke about the second stage of this important project and its possible delivery date.
Colombia’s reserves are slowly coming to an end, affecting the country’s economy. Experts spoke on the matter.
The protection of the environment and water sources has been one of the main topics of discussion in recent years. Local authorities initiated an ambitious project in the Valle del Cauca on reforestation and environmental protection.
Ecopetrol (NYSE:EC) reported that it implemented its contingency plan in the departments of Cesar and Norte de Santander, after oil spills were reported by authorities. The development of these and more stories in our periodic Eco summary.
Ecopetrol’s (NYSE: EC) reported its exports metrics for the first quarter of 2019. ECP export distribution is changing, but the United States remains as the principal destination of Colombian crude. The company reported a decrease in this metric compared to previous quarter, but it increased compared to 1Q18.
The Colombian Chamber of Petroleum Goods and Services (Campetrol) brought authorities and industry representatives together, to analyze the sector’s territorial strategy. Here are the details.
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