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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.

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.