The International Energy Agency (IEA) made an important decision about Ecopetrol (NYSE: EC), benefiting the company and the country. The IEA took that decision at the annual enhanced oil recovery (EOR) meeting in the Riviera Maya, Mexico.
Both companies shared the projects they are currently developing in the departments of in Casanare, Santander, Boyacá, Antioquia and Córdoba.These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the Sinú- San Jacinto tenders was extended to 24 weeks.
Offshore projects are progressing as planned and the sector has made announcements about these. Ecopetrol (NYSE: EC) made a decision on the drilling of the Molusco-1 well.
In recent years, Ecopetrol (NYSE: EC) has followed an austerity strategy to deal with the oil price crisis. The company committed to reactivate investment this year with heavy spending, but the firm is reducing its budget compared to initial plans.
A reader asked me why we had said that the research on unconventional had already been done. I told him it was because there was a time in 2013 and 2014 when it appeared as if fracking was just around the corner.
The union issued two statements where it showed its support for employees of Fepco Zona Franca, HV Services and Sinproseg.
Biodiesel producers and representatives of the sector have spoken about recent actions of the government, which would allow the free importation of this fuel, affecting the local industry.
New Canadian / Colombian / Argentine oil and gas company Pentanova (TSXV:PNO) is getting attention these days. For one thing, any new company coming to Colombia will get interest. For another, the players involved are veterans of the Colombian industry.
Ecopetrol (NYSE: EC) has to deal with several problems to operate in the country such as attacks against infrastructure, oil theft, social unrest and popular referendums, among other. However, Felipe Bayón, CEO of ECP, is optimistic about the performance for this year, especially in terms of production.
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