The CEO of Ecopetrol’s (NYSE: EC) subsidiary, Alberto Consuegra, said that even though better oil prices bring positive expectations for 2018, the industry will have to overcome important challenges to leverage the new opportunities.
Social problems in the department of Meta have shut-in important oil blocks for the country. Local and national authorities met to find a solution to this problem as soon as possible.
Ecopetrol (NYSE: ECP) is facing a difficult situation in southern Meta as a result of social protests. The hooded protestors say they want more local contracting and the company responded to these demands.
The firm announced a successful housing program that benefited 3,949 families in the municipalities of Tauramena, Aguazul, Yopal and Nunchía (Casanare). These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Even though the initiative will boost the local economy, some members of El Cedral village, in the municipality of Hato Corozal (Casanare), blocked the access road to Tautaco.
Ecopetrol’s (NYSE:EC) Manager of Social Prosperity, Francisco Noguera, announced social projects that represent investments of more than CoP$15.7B for the municipalities of Aguazul and Tauramena (Casanare).These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Spending and Public Investment Commission recommended reforming the General System of Royalties (SGR), to eliminate the lack of flexibility in the specific-destination percentages established in the constitutional norms.
Representatives from Ecopetrol (NYSE: EC) and Oxy (NYSE:OXY) delivered infrastructure projects during 2017, as part of their initiatives aimed at strengthening the quality of life for public officials in Arauca. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about how fracking is progressing in the country and reiterated the need to understand that a big part of the national economy depends on the industry.
The National Hydrocarbons Agency (ANH) invited HCC to its ‘Update of the Sinú San Jacinto (SSJ) Process’session. Here is a brief summary of what was discussed during the event.
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