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.
Surtidora de Gas del Caribe (Surtigas) has managed to grow its operations in the country, especially on the Caribbean coast. The company completed 50 years of operations in Colombia with excellent results.
The Siona de Buenavista Indigenous Community, located on the banks of the Putumayo River, denounced that Amerisur is allegedly polluting its water sources with the development of its Platanillo field.
Amerisur Resources (LON: AMER) announced its exploration plans in the block Platanillo, located in the Putumayo basin. The company is optimistic about the potential results from this important area.
Canacol Energy Ltda. (TSX: CNE) started a strategy to sell its conventional oil assets in Colombia some months ago. The company announced a update of this progress and return of capital to shareholders.
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.
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