The Corporate Reputation Business Monitor (Merco) and the Department for Social Prosperity (DPS) ranked the companies most-committed to social investment in Colombia. Pacific (TSX:PEN) was the industry’s leader on the list, at number 15.
This week marks 100 days of the signing of the peace agreements between the government and Farc. During this time, its implementation has had more delays than progress. This is a brief recap of what has happened.
Comptroller General, Edgardo Maya gave new details on the opening of a chicken broiler and a spa with royalties destined for the Cauca Science, Technology and Innovation Fund, and projects financed with the General System of Royalties’ (SGR) budget were approved in Meta, Putumayo and Guajira. These and other stories in our Royalties periodic summary.
Canacol Energy Ltd. (TSX: CNE) announced its financial results for last year. The company achieved its production goal, made several new gas discoveries and reported an increase of gas sales. Company´s prospects for 2017 are optimistic.
In the past year, the gas sector invested CoP$1.2T to maintain the natural gas and electricity supply in the country.
Ecopetrol (NYSE: EC) wants to increase its gas production and the firm is looking for strategic alliances. The NOC will have a meeting with the Malaysian company Petroliam Nasional Bhd (Petronas).
Barrancabermeja’s City Hall and economic associations will lead an indefinite strike to demand the refinery’s modernization, stopped back in 2010 as a result of the fall in international oil prices.
Medellín’s Mayor called for Ecopetrol (NYSE:EC) to sell cleaner fuel after environmental authorities declared the city on ‘red alert’ because of air quality, but the NOC’s president said if anything, the company is surpassing the official standards set for sulfur in fuel. The development of these and more stories in our periodic Eco Summary.
Canacol Energy Ltd. (TSX: CNE) reported its reserves volumes for 2016. The company is present in Lower Magdalena Valley, Llanos and Middle Magdalena basins in Colombia.
Codaltec and Colombian engineers designed and built a satellite radar to guard the Caño Limón-Coveñas pipeline.
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