The USO and Ecopetrol have taken another step towards the negotiation of a new collective bargaining agreement after formally resigning from the current, standing agreement.
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.
Ecopetrol (NYSE:EC) has released contracting figures for the first quarter of 2014, when the Company contracted 41% more in value terms compared to the same period last year. Bogotá based companies continue to have a greater share of the NOC contracts.
The earnings statement of Ecopetrol (NYSE:EC) confirmed that the Asian market and Far East is now well installed as the prime receiving market for Colombian crude, and the Ministry of Mines and Energy says the trend is true for the mining industry as well.
Our list of corporate social responsibility projects (CSR) over the last two weeks has been dominated by Ecopetrol (NYSE:EC), who has made a splash in local press through a series of different initiatives and projects. A cynic would say, “it must be an election year”, an optimist, “good job”.
The much anticipated and debated future of the Rubiales field appears to have a day of reckoning ahead, with local press saying a decision will be made in June on the future of its production contract, currently operated by Pacific Rubiales Energy (TSX:PRE).
President Juan Manuel Santos visited Villavicencio, Meta, delivered the environmental permit approved by the National Environmental Licensing Authority (ANLA) last week and promised support for the Llanos Refinery for Meta’s capital.
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.
Colombia’ lower house held a debate on the progress of the Barrancabermeja Refinery, which the local mayor says is close to getting an official start after prolonged delays. The matter will be brought up in an Ecopetrol (NYSE:EC) board meeting in June.
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