The government is analyzing a decree that could help mitigate the tension between the industry and communities; so far, feedback on the infrastructure for taxes initiative has been positive. These and other stories in our Royalties periodic summary.
Ecopetrol (NYSE: EC) reported a substantial increase in ethanol production during July. Its subsidiary, Bioenergy managed to register significant growth despite environmental difficulties in the Llanos Orientales.
As part of its diversification strategy, Ecopetrol (NYSE: EC) expects to attain 40% of its production from gas within 13 years.
Companies like Terpel, Equion, Ecopetrol (NYSE:EC) and Geo Park (NYSE: GPRK) reiterated their commitment to social investment programs by boosting education opportunities in Colombia. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The boom of anti-oil and mining referendums continues to grow around Colombia. There is a new committee to carry out a referendum to approve or reject extractive projects in an important municipality of the Putumayo.
Through statements, the Colombian Petroleum Association (ACP) and Ecopetrol (NYSE: EC) rejected the violent acts that were registered in the Castilla and Chichimene fields in Meta.
Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2017. The company reported a net loss and decrease in operating EBITDA and capital expenditure this quarter.
The Colombian Caribbean region has high expectations about the benefits of the offshore industry. German Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) talked about challenges to supply operations.
Over the past few weeks, there has been a considerable change in the government’s public declarations about the industry.
USO reported that after Razón Pública newspaper published the article titled “Ecopetrol, 2003-2017: bankruptcy induces privatization?” The NOC sent a letter to the journalist Libardo Sarmiento, author of the publication.
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