While doing the rounds of editorial boards in honor of Ecopetrol’s 69th birthday, CEO Felipe Bayón’s message was that the Colombian government should not sell any part of the NOC, especially Cenit. The company’s 2Q20 results show why: without the Transport sector, his company would be a far worse financial situation.
The company announced its operational and financial results during the first semester of 2020.
Transportadora de Gas Internacional (TGI) spoke about its performance in 2Q20, highlighting potential new investments.
Vanti reported its financial results for the second quarter and first half of this year.
The Colombian Canadian Chamber of Commerce (CCCC) hosted its “Practices for the prevention of fraud, corruption and terrorism funding in the industry-communities’ relationship” webinar. HCC attended the event.
La Republica business magazine published the ranking of companies with the highest sales in recent years, highlighting the results of Eopetrol (NYSE:EC) and Terpel.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30th, 2020.
Brazil’s Petrobras (NYSE: PBR) announced a new date for companies to express interest in the purchase of its Colombian assets.
Our readers do not have to be told 2020 (so far) has been a bad year for oil prices. They probably realize that this cannot be a good thing for profitability. What may not be so intuitive is that prices have fallen so far that Colombian gas has (again) become more profitable than Colombian oil.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the second quarter of 2020.
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