Ecopetrol (NYSE: EC) and the Industrial University of Santander (UIS) are working on a molecular biology project to solve oil industry problems.
Offshore projects are progressing as planned and the sector has made announcements about these. Ecopetrol (NYSE: EC) made a decision on the drilling of the Molusco-1 well.
In recent years, Ecopetrol (NYSE: EC) has followed an austerity strategy to deal with the oil price crisis. The company committed to reactivate investment this year with heavy spending, but the firm is reducing its budget compared to initial plans.
Colombia’s Attorney General is investigating several officials of Hupecol Operating Co. for possible environmental damage.
The Colombian oil sector is facing many challenges and problems in the country. There is much concern about the industry’s future and several oil associations have joined forces to create a committee to boost the sector.
Canacol Energy Ltd. (TSX: CNE) announced that a test to develop its Picoplata 1 well through hydraulic stimulation was successfully completed.
Communities have protested and made blockades in the municipality of Guamal (Meta) for the development of the exploratory project Trogón-1 of Ecopetrol (NYSE: EC). Authorities were present in the area to control the situation.
Geopark Limited (NYSE: GPRK) announced its financial and operational results for the three-month period ended June 30, 2017. The company achieved record consolidated production and extraction in Colombia keeps “climbing”.
Ecopetrol (NYSE: EC) announced that its current Chief Operating Officer, Felipe Bayón will take over as chief executive. Juan Carlos Echeverry resigned for family reasons. This news generated many reactions.
After presenting his resignation to Ecopetrol’s (NYSE: EC) Board of Directors, Juan Carlos Echeverry spoke about his achievements in the NOC’s financial situation.
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