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.
Mansarovar Energy executive president Harvinderjit Singh has made a couple of rounds with Colombian press to highlight the future of the Indian/Chinese owned firm, and said it plans to invest US$490M into its Colombian operation.
Pacific Energy (TSX:PEN) made a blockbuster announcement with the closure of its restructuring led by Catalyst, returning to the TSX and changing both the Board and executive suite.
In order to evaluate the size of the discovery made at its offshore Kronos-1 well, Anadarko (NYSE:APC) will start drilling its Purple Angel-1 well at the end of December.
Repsol’s (MSE:REP) Colombian director Gabino Lalinde talked about the company’s consolidation following its acquisition of Talisman last year, and said that it aims to grow its production in Colombia by 57% over five years to reach 40,000boed.
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