The president of the National Hydrocarbons Energy Industry Workers Union (Uten) Alejandro Ospina rejected reports that affiliated workers had joined a protest of Pacific Rubiales (TSX:PRE) in Bogotá and said there is an effort to stigmatize the industry.
Parex Resources (TSX:PXT) says its production has grown to a historic level during the 1Q14 and announced the acquisition of Verano Energy, part of a plan to consolidate its operations in the Southern Llanos basin.
Canacol Energy (TSX:CNE) reported its fiscal year third quarter 2014 results which included operational and financial gains bright enough for the company to accelerate its investments in drilling programs for Colombia.
Ecopetrol’s (NYSE:EC) president Javier Gutiérrez attended an event in Neiva, Huila to showcase the advances that the NOC has made in the southern region of the country, highlighting production and the return for the local community.
Pacific Rubiales Energy (TSX:PRE) reported its results from the first quarter 2014, and even though its flagship Rubiales field felt a drop in production, it managed to keep its total production figures on the rise, a sign the firm’s leadership says demonstrates a more diverse production base.
Gran Tierra Energy (TSX:GTE) kept its production in Colombia and other markets in South America relatively flat in the first quarter 2014 compared to last year despite pipeline complications and a dependence on trucks. The average realized price took a hit though, and both revenues and profits for the firm slipped.
Ecopetrol (NYSE:EC) officials said during its first quarter 2014 conference call that crews working on the Caño Lion-Coveñas pipeline should have it running five days after starting work, and gave estimates as how many barrels of crude it loses everyday due to attacks.
Ecopetrol (NYSE:EC) confirmed that the operational reality on the ground is cutting into its production abilities, which has coupled with increased costs and lower oil prices for a rough first quarter 2014 for the NOC.
Unusual seismic readings in the company’s most important territory of Puerto Gaitan, Meta and a 1Q14 operations update saying that the company’s largest field, Rubiales, will have lower production again this quarter seem to have spooked investors.
The annual study by global recruiting firm Hays is always hotly anticipated. We had already tweeted the topline result but here are the details. Required reading for HR professionals and senior managers.
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