Sustained oil and gas growth since the early 2000s and plenty of potential for further E&P, although to achieve it operators will have to go offshore or operate amongst the complexities of the Amazon.
The union said that workers at transporting company UT Logis could go on strike, and blamed Ecopetrol (NYSE: EC) for alleged negligence when dealing with workers’ demands.
The oil sector is facing great uncertainty as a result of the boom of anti-oil referendums around the country. The Colombian Association of Petroleum Engineers (Acipet) has taken legal action against these processes to defend the rights of workers in the sector.
GasDrill on the new well began on October 25th and it reached a depth of 9,347 feet.
The firms spoke about their projects in Huila, Antioquia and Meta. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Orlando Velandia, President of the National Hydrocarbons Agency (ANH) participated in the South America Energy Assembly in Buenos Aires, Argentina. He talked about the Colombian oil sector.
A decree currently analyzed by the Colombian President’s office would empower indigenous communities to approve or deny permits to develop industry projects in their territories.
Canacol Energy Ltd. (TSX: CNE) announced its financial and operating results for the third quarter of 2017. Average production decreased in 3Q17 because of plant maintenance; accumulated extraction increased for this year.
The price of the oil exported by Colombia went up to US$60 and Ecopetrol’s (NYSE: EC) share increased 24% in just a month.
Even though theCollegiate Body for Administration and Decision (OCAD) approved projects in Putumayo, Bolívar and Huila, the National Planning Department (DNP) warned about projects being at risk due to significant delays. These and other stories in our periodic Royalties summary.
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