Better prices seem to bring a more promising panorama, but if the NOC wants to leverage this opportunity, it will have to resolve issues associated to fuel theft first.
Once again, industry firms like Ecopetrol (NYSE:EC), Parex and Equion, among others, showed their commitment to their areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended September 30, 2018. The company reported a new production record and exploration success in the Llanos 34 block during this quarter.
In a voting session of five against one, the Constitutional Court revoked the popular consultation that took place in the municipality of Cumaral (Meta), in June 2016.
The process of post-conflict and land restitution is advancing, but this has generated some controversy over land ownership and control where oil projects are developed. Amerisur Resources (LON: AMER) talked about a controversy generated with communities in the department of Putumayo.
Important firms like Ecopetrol (NYSE:EC), Ocensa and Frontera Energy (TSE: FEC) spoke about the projects they are currently developing to improve the quality of life in their areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The firm provided important news on its Llanos-25 Block, with results from its Acorazado-1 exploration well.
The Board of Directors of Gas Natural S.A. announced a new president for the company, who started working immediately.
The ‘boom’ of the anti-oil referendums put several projects around Colombia in check, and communities continue with the intention of blocking the development of oil projects. A referendum against the Porton is once again on the table
Oil prices were up in 3Q18 but investors in Colombian-focused stocks seemed to shrug that off. Only Ecopetrol (NYSE:EC) and Gran Tierra (TSX:GTE) were up over the quarter.
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