Ecopetrol (NYSE: EC) wants to start recovering the lost reserves as soon as possible. CEO, Juan Carlos Echeverry, talked about the firms’ prospects for ill-starred block CPO-9.
There is uncertainty among companies about recent problems and challenges facing the Colombian oil sector. German Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) talked about this situation and gave his perspectives.
After the Colombian Association of Petroleum Engineers (Acipet) requested a third injunction against popular consultations in the country, the Administrative Tribunal of Cundinamarca suspended the popular consultation in Pasca (Cundinamarca.)
Colombia has many offshore projects to develop in coming years. Companies are preparing and Barranquilla as well.
The Coveñas / Caño Limón pipeline, one of the main assets of the country to transport crude, continues to report problems from attacks and this is generating huge losses. Ecopetrol (NYSE: EC) commented on the status of this important pipeline.
The Colombian Association of Petroleum Engineers (Acipet) said that if the ‘No’ wins in Pasca (Cundinamarca,) fuel and ACPM transport through tanker trucks could be banned from the municipality.
Ecopetrol (NYSE: EC,) Equión and Ocensa reported on their commitment to the communities of their areas of influence and announced their most recent projects. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
With the new ruling, the Government would not alter the mechanism of citizen participation, but would seek to integrate it to the development of extractive projects.
The National Government asked La Guajira’s authorities to be accountable for the projects that are being financed in the department with the royalties’ budget, but they failed to comply with this demand. These and other stories in our Royalties periodic summary.
Colombian oil industry has announced gas discoveries in the Caribbean Sea recently. It increased reserves and several experts are talking about this topic.
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