Gran Tierra (NYSE:GTE) says its current COO Shane O’Leary will step down to retire, and will be replaced by Duncan Nightingale, the current president of Gran Tierra Colombia, with the Colombian senior operations manager Adrian Coral taking Nightingale’s position.
Ecopetrol (NYSE:EC) and Oxy (NYSE:OXY) have reached an agreement to apply an injection technology that they say will render 200 million additional barrels from the aging Teca-Corcorná field.
Ecopetrol (NYSE:EC) published a summary of advances made following an agreement with the U’WA community that allowed it to access the damaged Coveñas/Caño Limón pipeline in May. The NOC says it has kept up its part of the bargain but indigenous leaders still oppose exploration activities in the area.
We originally thought it was just Pacific Rubiales (TSX:PRE) that had taken its shareholders on a ride this month but a closer look shows Ecopetrol (NYSE:EC) on somewhat the same journey.
Led by the Governor of Casanare Marco Tulio Ruiz and the director of social responsibility for the Colombian Petroleum Association, Miguel Angel Santiago, members of the Casanare Oil Industry Committee (CINPAC) met to evaluate the advances of a social investment agreement for 2013-2014.
Led by Exxon Mobil’s (NYSE:XOM), a number of hydrocarbons firms scored well in the Colombian Safety Council (CCS) annual review of accident rates and safety standards across different industries.
Long a drag on Ecopetrol’s margins, the NOC saw some improvements for its refining business as losses narrowed and the company increased the sales of products like asphalt and jet fuel. But questions still surround what has been the under-performer of the company’s operations.
Vetra Acquisitions has made a bid to take over Suroco Energy (TSX:SRN.V), looking to entice shareholders away from an April agreement with Petroamerica (TSX:PTA) that is to be voted on by shareholders in a June 25, 2014 meeting.
Ecopetrol (NYSE:EC) has unveiled a US$12.8M water injection plant in Huila that it hopes will help keep its production numbers up in the Dina Terciarios field.
Ecopetrol (NYSE:EC) released US$2B in bonds last week which were met with high demand from the market, creating a demand worth more than five times the amount the NOC looked to obtain, or US$10B.
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