Ecopetrol (NYSE:EC) president Juan Carlos Echeverry says that the NOC has more austerity measures coming, but that thus far there are no mass layoffs planned. He also said fracking must continue to be an option.
After a Farc attack on an army patrol left 11 dead, President Juan Manuel Santos ordered the armed forces to resume their attacks and operations against the guerrilla.
In order to lower its costs in the current oil price scenario, Pacific Rubiales Energy (TSX:PRE) is taking measures to get better value out of its light and medium crude and sell at a higher price.
The Bolsa Mercantil de Colombia (BMC) held its official launch to mark its role as the “Amazon” of the natural gas market. No mention was made of the political forces who have been successful in circumventing the open market when it comes to pricing.
Yesterday we asked where Colombia’s supply of gas was coming from and today’s graph gives a hint.
Ecopetrol releases a summary of its investment projects in Villavicencio and Meta, and also invests in helping local coffee producers make a better cup of joe. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The floating regasification plant that Promigás is building through a port consortium (El Cayao) has been completed, but the remainder of the plant awaits an environmental license to get started.
The General Comptroller (CGR) says that Ecopetrol (NYSE:EC) has incurred a CoP$16.5B (US$6.5M) loss due to poor control and contract management when receiving fields being operated by other operators, amounting to a loss of state resources, a charge which the NOC denied.
The ELN guerrilla says that it needs funds to sustain its fight for its cause, and what better place to get them than multinational oil companies, which its commander says are merely looting the resources of common Colombians.
Natural gas distribution and commercialization firm Gas Natural Fenosa says that growth in the number of natural gas vehicles conversions stood out in its 24% increase in its sales volume during 2014.
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