The dispute between Ecopetrol (NYSE: EC), its outsourced workers and the USO is ongoing, affecting activities at Barrancabermeja’s refinery and Reficar.
Certainly, one of this year’s top stories so far has been the resumption of attacks by the ELN after the end-of-year truce. But after a particularly violent first week, things have settled down somewhat.
There was much prior speculation about perverse outcomes and a colossal logistical failure but in the end the expected happened and the top two ranked Presidential candidates made it through their respective primaries. The elections for Congress and Senate were more interesting.
Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended December 31, 2017 and its annual results for 2017. The company reported production gains in its consolidated operation and in Colombia. The country keeps increasing its participation in this key metric.
Last year had important moves among oil investors who bought and sold shares in blocks that were already awarded by the National Hydrocarbons Agency (ANH).
CEO Felipe Bayón spoke about the NOC’s plans in Latin America, looking not only for assets on sale, but to participate in auctions.
The Colombian Natural Gas Association (Naturgas) made a report on the natural gas sectorin the country. Thefuel is increasing its participation in the energy matrix.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for March. The entity took measures to improve fuels quality and reduce pollution.
GeoPark’s (NYSE: GPRK) Marcela Vaca said that the firm’s partnership with India’s ONGC Videsh, will allow it to strengthen its E&P activities in Chile, Brazil, Peru, Argentina and Colombia.
Colombia is analyzing new energy alternatives to reduce pollution rates and expand its energy matrix. Senator José David Name spoke on this topic and key issues such as regulation.
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