Cartagena refinery (Reficar) announced its 2018 financial and operational results. The plant continues to consolidate its operations in the country, reporting excellent metrics.
The government has gone back and forth when it comes to the development of fracking in Colombia. However, according to the National Hydrocarbons Agency (ANH), there is no more time to waste when it comes to the country’s reserves.
The development of pilot fracking projects has generated much discussions in the country. Ecopetrol (NYSE: EC) is continuing to prepare for these projects and announced a new organization specialized in these issues.
Edwin Palma, president of the union, explained why according to him, selling the NOC is not a good idea.
One of the biggest changes by this new government has been finally launching the new Permanent Bidding Process. Originally announced in September 2015, it would be an understatement to say this has had a long gestation period. But it has finally arrived. We asked Marianna Boza and the team at Brigard Urrutia to give our readers an overview.
The implementation of unconventional techniques such as fracking has been one of the main discussion topics in the oil sector this year. Orlando Cabrales Segovia, President of the Colombian Natural Gas Association (Naturgas), spoke about this issue and about the proposal to carry out pilot projects in the country.
Ecopetrol’s (NYSE:EC) Felipe Bayón said that the NOC is currently studying the viability of developing more offshore exploratory fields.
Promigas and Canacol (TSX: CNE) announced an alliance, which will benefit the Colombian Caribbean coast in terms of natural gas supply. Representatives of the companies spoke about this agreement.
Ecopetrol (NYSE:EC) was able to start clean up activities in Teorama (Norte de Santander), after authorities reported another attack on Coveñas Caño Limon (CCL). The development of these and more stories in our periodic Eco summary.
The National Hydrocarbons Agency (ANH) announced an agreement between Shell (LON: RDSB) and Noble Energy to operate offshore blocks in the Caribbean Sea. Representatives of the companies and the ANH talked about this important arrangement.
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