Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.
Ecopetrol (NYSE: EC) spoke about contracting figures in Santander, and how the company has helped improve the quality of life of the communities in its areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Arrow Exploration Ltda. and Front Range Resources Ltd. (FRK) announced a significant advancement in the private placement financing of subscription receipts. In addition, Arrow gave an operational update for its blocks in Colombia.
Oil production has gone through some difficult years recently, and companies in the sector have worked to solve this situation as soon as possible. Ecopetrol (NYSE: EC) announced that two important fields reported good production metrics in 2Q18.
Colombia needs to increase its reserves to solve concerns about self-sufficiency in the long term and the sector is working to achieve it. Parex Resources (TSX: PXT) announced a new discovery in the Capachos block.
Ecopetrol (NYSE: EC), Equion, Frontera Energy (TSE: FEC) and Geo Park (NYSE: GPRK) spoke about their successful social investment projects in Casanare, Santander and Huila, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Our Analyst complained that we had taken his usual space in the newsletter for our various end-of-Santos-government reviews. (Normally he complains because he has no idea what to write about come the Friday deadline, so this was a first.) He was especially concerned because he had good news to report.
The National Hydrocarbons Agency (ANH) spoke about the Permanent Competitive Procedure System, approved on August 6th, 2018.
When Ronald Pantin was CEO of Pacific Rubiales he would complain that investors applied a ‘Colombia discount’ to Colombia-committed stocks. For a long time that appeared to be true, but it has been getting smaller and, this quarter, it disappeared. However, there are some important caveats.
Terpel completed 50 years of operation recently and its president Sylvia Escovar spoke about the company’s plans, challenges and projects in the country and other relevant issues.