The Colombian stock market has had a very hectic year, and experts analyzed buyers’ preferred actions, highlighting positive results for Ecopetrol (NYSE: EC).
Ecopetrol (NYSE: EC) announced that it will soon develop projects in the US, following its regional expansion plan.
Malaysia’s Petronas might work with Ecopetrol (NYSE:EC) in offshore projects in the Caribbean.
Colombia is experiencing a boom in renewable energy projects and several sectors have joined this initiative. The oil sector has not been the exception, and Ecopetrol (NYSE: EC) announced its plan to increase its energy generation projects.
Locals in Tauramena (Casanare) voted against the development of oil activities in their territory. The State Council and Casanare’s Administrative Court, however, denied the validity of the popular consultation.
The NOC confirmed that it discovered crude in the Flamencos-1 well, located in Puerto Wilches (Santander).
Ecopetrol (NYSE: EC) started developing three blocks together with Anadarko (NYSE: APC), which returned the operation of these assets. The NOC is now looking for new partners for to develop the areas.
The government said that it is considering selling some of the Nation’s assets to finance the fiscal gap and part of next year’s budget. This document, however, might change authorities’ plans.
Ecopetrol (NYSE: EC) reported its exports metrics for the second quarter of 2019. This metric is changing, but the US remains as the principal destination of Colombian crude and it is increasing its participation in the matrix.
Ecopetrol (NYSE:EC) and the Alexander von Humboldt Research Institute signed an Agreement to promote the sector’s sustainable transition in the NOC’s areas of influence.
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