The Colombian Petroleum Association (ACP), the Colombian Chamber of Petroleum Goods and Services (Campetrol), the Colombian Association of Petroleum Engineers (ACIPET), the Colombian Association of Engineers, Cundinamarca Chapter (ACIEM) and the Colombian Association of Geologists and Petroleum Geophysicists (ACGGP) joined forces to celebrate the presence of the industry in the country.
Geopark (NYSE:GPRK) called a breakfast meeting ensure the national press understood what the company had accomplished in production and in its social contributions. HCC is well aware of what it has accomplished but we were invited and bring this report.
Canacol Energy Ltd. (TSX: CNE) announced its financial and operating results for the third quarter of 2017. Average production decreased in 3Q17 because of plant maintenance; accumulated extraction increased for this year.
After two years of investigations and complaints from different supplier companies, the Superintendence of Industry and Commerce (SIC) formulated charges against Postobon, Cerrejón, Procter & Gamble (P&G) and Equión Energy, for allegedly restricting the free circulation of invoices.
The construction of new regasification plants has been a subject of much interest and controversy in the country. Companies have shown their interest in these projects. Jaime Orjuela, President in charge of TGI, spoke on this subject and the company’s plans.
Ecopetrol (NYSE: EC) announced its third quarter and year-to-date (YDT) 2017 results. The firm highlighted that YTD net income continues to increase. The NOC’s reported margins are at their highest in the past two years.
CEO Felipe Bayón explained that the NOC’s biggest challenge is to produce 600mmbbl in 2020, for which it will focus on exploration, Enhanced Oil Recovery (EOR) and unconventional resources (UC).