Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.
A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.
Pacific Energy (TSX:PEN) posted its third quarter 2016 earnings, the first since its restructuring and the handover of the Rubiales field, showing production of 75,096boed after royalties. The firm highlighted its strategic changes which will mean a focus only on Colombia and Peru.
Ecopetrol (NYSE:EC) will apply a polymer flooding technique developed by its Colombian Petroleum Institute (ICP) to the Chichimene field in Meta, to improve the extraction of heavy crude and increase its secondary recovery rate.
The USO accused Ecopetrol (NYSE:EC) of relying on the police to repress union members and force it to accept management’s agenda to leave the current collective bargaining agreement without changes.
Canacol Energy (TSX:CNE) has announced a new agreement with gas distributor Promigas to expand its existing gas distribution network and add 100mmcfd to its current agreement.
Parex Resources (TSX:PXT) continued with its steady production growth in the third quarter of 2016 and was even able to post its first profit since the fall in oil prices at the end of 2014.
Ecopetrol (NYSE:EC) has handed out scholarships for rural residents to take on university studies, and distinguished 16 national initiatives with its innovation awards for 2016. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Ministry of Mines and Energy (MinMinas) has confirmed that 18 companies -12 from the hydrocarbons industry- will participate in the second Extractive Industry Transparency Initiative (EITI) report which will cover income and payments made in 2014 and 2015.
Gran Tierra Energy (TSX:GTE) published its third quarter 2016 earnings, which saw the consolidation of its PetroLatina acquisition. A slipping realized oil price cut into its revenues while production stayed flat, but the firm is planning for organic growth with a three-year drilling program.
2025, Hydrocarbons Colombia, All Rights Reserved.
