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ECP restructuring transportation business

Ecopetrol (NYSE: EC) has been strengthening its transport business in recent years. The Colombian company has great plans for this corporate area since it has become one of the most profitable.

Tuesday, February 7th, 2017
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LLA 34 drives Geopark reserve growth

LLA 34 drives Geopark reserve growth

Geopark (NYSE: GPRK) announces record oil and gas reserves. The data was certified by DeGolyer and MacNaughton (D&M) as of December 31, 2016.

Tuesday, February 7th, 2017
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Bad hiring practices and good deeds

Not hiring local labor remains a cause for discontent in Magdalena Medio and Meta, but the industry is showing its commitment to the country by developing several infrastructure and social projects in rural Yondó, Puerto Gaitán, several municipalities in Casanare and the Caribbean and Pacific regions. These and other Corporate Social Responsibility (CSR) projects in our periodic summary.

Tuesday, February 7th, 2017
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Fuel prices flat in Feb but up year-over-year

Fuel prices flat in Feb but up year-over-year

Fuel prices started the year with an increase because of the tax reform that added a new tax. The determination of prices is an issue that provokes protests and blockades in the country.

Monday, February 6th, 2017
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CREG’s performance in 2016

The Energy and Gas Regulation Commission (CREG) released its management and results report for 2016. Last December CREG gave us a global balance for the year.  This report goes into more detail on the regulated sectors. We will focus on Natural Gas and Propane.

Monday, February 6th, 2017
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USO denounces “violations of workers’ rights”

This week, USO reported negligence by Ecopetrol (NYSE:EC), Mansarovar Energy and Duflo regarding workers’ conditions in their facilities, and stressed the need to defend Ecopetrol as a “State owned company.”

Monday, February 6th, 2017
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Equion celebrates its sixth anniversary

Employees of Equion Energy Limited gathered at their Yopal facilities in Casanare, to celebrate the company’s sixth anniversary.

Monday, February 6th, 2017
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Mexico and Colombia

So January is in the books. The groundhogs have pronounced on winter (split decision) and as an old boss of mine used to say with a slight note of panic in his voice “One twelfth of the year has gone by! One third of the first quarter is over! What have we accomplished!”

Monday, February 6th, 2017
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Security and social conflict

Security and social conflict

Last week we separately published graphs of our monthly counts of security incidents and of blockades in all of 2016.

Monday, February 6th, 2017
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Boyacá is not managing royalties well

Boyacá has a royalty budget of CoP$893B to finance 522 projects. However, the fact that there are pending balances for an amount of CoP$86B in 40% of the department’s municipalities is a cause for concern by local authorities.

Thursday, February 2nd, 2017
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