Colombia-focused oil companies dutifully did their 2019 planning, a meticulous process requiring formal Board approval, which can take many months to complete. But at the beginning of October, Brent started to slide nearly 37%, from US$84.16 on October 5th to US$53.21 on December 28th, although it was up considerably last week (Jan 4th) to US$57.06.
Surtidora de Gas del Caribe (Surtigas) announced that Santiago Mejía Medina will take office as the new General Director on December 15th, 2018.
After days of protests in Ecopetrol’s (NYSE:EC) Cupiagua field (Casanare), communities decided to sit down and talk. Here is what both parties agreed on. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Slowly but surely, the industry has been recovering from a drastic fall in oil prices. What are top global firms planning for next year?
Arrow exploration Corporation is seeking financial flexibility and the firm announced an agreement on the Working Interest (WI) of the VMM-2 block to achieve it. In addition, the firm announces a commercial discovery.
The gasoline market has seen great movements in its players during the closing months of 2018, generating changes for the next year. Four companies are positioned as the most important for this market.
Frontera Energy (TSX: FEC) announced its full year 2019 plan and guidance information. The company recalled that Colombia is key for its plans. The Board of Directors announced dividend to be paid in January 2019.
The Colombian fuel market received one of the heavyweights of the region this year, Primax, a subsidiary of the Romero Group. Carlos Gonzales, CEO of Primax, spoke about the firm’s plans in Colombia.
Like most everyone else in the industry, Ecopetrol (NYSE:EC) is having a great year financially and statistically. However, the integrated nature of the the NOC means it takes a bit of work to see what is happening in just the E&P business.
Eric Flesh, President of Promigas, assumed the leadership of the firm recently. He spoke about the expansion plans of the firm in Colombia and the region.
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