One of communities’ main demands is the hiring of local labor. Ecopetrol (NYSE: ECP) reported figures for the number of jobs created during the first quarter of this year and locals represented the majority in these new positions.
Ecopetrol (NYSE: EC) and Equion stood out for their successful CSR projects that benefited communities in the departments of Casanare and Meta, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Representatives of Frontera Energy, Mansarovar Energy and Gran Tierra Energy (TSX: GTE) spoke about their efforts to protect biodiversity in their fields and preserve Colombia’s natural resources.
Ecopetrol (NYSE: EC) announced its first quarter 2018 results and its management highlighted that the firm was solidly committed to excellence, as its financial performance showed the best quarterly results of the past four years.
Social investment in the oil sector has evolved into a mechanism that allows the integration of environmental and social factors for the benefit of communities.
We are only publishing Ecopetrol’s (NYSE:EC) overall results today but we thought we would get a jump on the analysis by publishing the NOC’s Line of Business results simultaneously.
The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil reserves in 2017, with positive results.
Last week the United Nations mission of environmental experts published its preliminary report on the La Lizama well, giving the ‘scandal’ another mediatic bump. This may be the last such flurry for a while, but the industry will be paying the consequences for some time.
The Awá indigenous communities sued Ecopetrol (NYSE: EC) before Cundinamarca’s Administrative Tribunal, arguing an alleged violation of their fundamental rights.
The Inspector General’s Office started an investigation for alleged irregularities in the handling of foreign resources to be allocated in the post-conflict process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.