Ecopetrol’s (NYSE:EC) board of directors accepted the resignation of the company’s current president Juan Carlos Echeverry, filed for family reasons. Just in the past few days, Echeverry had spokenabout the NOC’s international strategy to increase reserves.
Ecopetrol (NYSE: EC) reported a substantial increase in ethanol production during July. Its subsidiary, Bioenergy managed to register significant growth despite environmental difficulties in the Llanos Orientales.
As part of its diversification strategy, Ecopetrol (NYSE: EC) expects to attain 40% of its production from gas within 13 years.
Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2017. The company reported a net loss and decrease in operating EBITDA and capital expenditure this quarter.
America’s Hupecol asked for more than CoP$83B as compensation for the abrupt cancellation of the license it had in the Sierra de La Macarena.
Ecopetrol (NYSE: EC) announced its second quarter and first half 2017 results. The firm highlighted that net income reported for 1H17 was higher than net income of the whole year 2016. The NOC reduced its nominal debt in 2Q17 and its exploratory campaign is enjoying a high success rate.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for second quarter of 2017. The company highlighted that its production increased and it had strong financial performance, despite reporting net loss during 2Q17.
The Coveñas / Caño Limón pipeline, one of the main assets of the country to transport crude, continues to report problems from attacks and this is generating huge losses. Ecopetrol (NYSE: EC) commented on the status of this important pipeline.
Anti-oil and mining referendums have raised concerns among investors and private companies, their investments and many projects are in limbo because of these popular mechanisms. Canacol Energy (TSX: CNE) referred to current situation and give its opinion.
Colombia aims to increase natural gas production and there are many plans to achieve it in the short and medium term. Four companies have gas projects to develop in the Lower Magdalena Valley (VIM) during the next nine months.
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