It has been half a year since the environmental emergency at Ecopetrol’s (NYSE:EC) La Lizama 158 well took place. Environmental entities visited the area and published a report. This and more stories in our periodic Eco summary.
Fracking has been a controversial subject for communities, but if anyone will benefit from the development of this technique, it is them.
With better oil prices, Ecopetrol (NYSE:EC) could go back to producing 1mmbl, but according to CEO Felipe Bayón, that is not the company’s priority.
Oil production has gone through some difficult years recently, and companies in the sector have worked to solve this situation as soon as possible. Ecopetrol (NYSE: EC) announced that two important fields reported good production metrics in 2Q18.
The National Hydrocarbons Agency (ANH) spoke about the Permanent Competitive Procedure System, approved on August 6th, 2018.
The construction of Reficar generated many debates in the country, but this facility has demonstrated its relevance for Colombia in a short time. Ecopetrol (NYSE: EC) is analyzing investment alternatives in Reficar.
Felipe Bayón, CEO of Ecopetrol (NYSE: EC), talked about the company’s plans to increase its reserves. The NOC has a solid cash position at present, allowing it to look at several business opportunities.
Ecopetrol’s (NYSE: EC) reported its exports metrics for the second quarter of 2018. ECP export distribution is changing, but the United States remains as the principal destination of Colombian crude. The company reported a decrease in this metric compared to previous year, but it increased compared to 1Q18.
During the first semester of 2018, the industry generated 31% more job opportunities in the Middle Magdalena area, compared to the same period last year.
The government announced that the savannas of Cinaruco (Arauca) are now part of the list of protected areas in Colombia. The development of these and more stories in our periodic Eco summary.
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