News and AnalysIs for

Authorities reported their concern after revealing fuel smuggling figures for the departments of Santander and Norte de Santander. More than 3,000 gallons of stolen fuel were seized in the municipalities of Catatumbo and Cucuta in Norte de Santander, and Arauquita in Arauca. The development of these and other stories in our periodic Security Summary.

Equion and Ecopetrol (NYSE:EC) spoke about their social and environmental projects that aim to make a positive, long lasting impact on Colombia’s forests,while creating opportunities for young people in the regions during the peace building process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Prior consultations have created legal uncertainty in Colombia, as they have affected many investment projects and the development of several sectors in the country. The government wants to legislate a solution to this problem.

The president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, spoke about the negative effect that popular consultations have had on the industry’s performance in Colombia.

The main reason Colombia hit 1mmbd and the main reason it has been hard to get back to 1mmbd has been Rubiales field.

Geopark Limited (NYSE: GPRK) announced its financial and operational results for the three-month period ended June 30, 2017.  The company achieved record consolidated production and extraction in Colombia keeps “climbing”.

A report by the Colombian Petroleum Association (ACP) shows that 70% of the variables of the Multidimensional Poverty Index showed better results in oil producing regions than in those that do not develop oil activities.

Through a nationalist statement, the union spoke about unconventional resources and the visit of US Vice president Mike Pence in Colombia.

Ecopetrol (NYSE: EC) announced that its current Chief Operating Officer, Felipe Bayón will take over as chief executive.  Juan Carlos Echeverry resigned for family reasons. This news generated many reactions.

After presenting his resignation to Ecopetrol’s (NYSE: EC) Board of Directors, Juan Carlos Echeverry spoke about his achievements in the NOC’s financial situation.