Mauricio Cárdenas, Minister of Finance (MinHacienda) participated in the celebration of 10 years of Ecopetrol (NYSE: EC) in the stock market. He spoke about government plans for Cenit, an ECP transport company.
In 2018, Ecopetrol (NYSE:EC) will make investments of between US$3.5M and US$4M; an increase of between 35% and 55% compared to investments made in2017.
The sector is showing a recovery in almost all its metrics, and this has been a good year for oil companies. This situation is increasing expectations for the coming year. Ecopetrol (NYSE: EC) announced its investments plans for 2018.
Ecopetrol (NYSE: EC) is making decisions to boost the use of renewable energies in the country. The company might be planning a big project on this issue.
The price of the oil exported by Colombia went up to US$60 and Ecopetrol’s (NYSE: EC) share increased 24% in just a month.
The municipality announced that it will go to the courts if Ecopetrol (NYSE: EC) does not respond for the alleged debt.
Ecopetrol (NYSE: EC) announced its third quarter and year-to-date (YDT) 2017 results. The firm highlighted that YTD net income continues to increase. The NOC’s reported margins are at their highest in the past two years.
CEO Felipe Bayón explained that the NOC’s biggest challenge is to produce 600mmbbl in 2020, for which it will focus on exploration, Enhanced Oil Recovery (EOR) and unconventional resources (UC).
Ecopetrol (NYSE: EC) announced the opening of a new training center for the sector. The NOC is working together with the Colombian Chamber of Goods and Oil Services (Campetrol), Latin America Drilling Safety (Lads), OEI and the Sena (Colombia’s national vocational training institute) in this project.
Ecopetrol (NYSE: EC) and the Industrial University of Santander (UIS) are working on a molecular biology project to solve oil industry problems.
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