Oleoducto de Colombia (ODC), which transports crude throughout the country, said it is ready to transport the additional oil that Ecopetrol (NYSE:EC) would produce, if the government decides to bet on fracking.
The idea of selling 8.5% of Ecopetrol’s (NYSE:EC) shares has caused controversy with economists and politicians. How is this project advancing in the Congress?
The NOC published results for its local hiring in 2Q19, confirming positive results.
CEO Felipe Bayón took the stage of Colombia’s Entrepreneur Association’s (ANDI) 75th Assembly, where he spoke about the NOC’s plans for the coming years.
Ecopetrol (NYSE:EC) published its 2Q19 and 1H19 financial results and that allowed us to update our ECP Line-of-Business (LoB) charts, something we had not done since March (based on 2018 full-year results). The Transport LoB produces less EBITDA in volume than E&P but margins continue to rise.
The Colombian government wants to boost the growth of the oil sector and the Caribbean is positioned as one of the most attractive regions to develop new offshore projects. Ecopetrol (NYSE: EC) talked about investors’ interest in this area.
Ecopetrol (NYSE: EC) announced its second quarter 2019 results. The NOC reported good financial performance, despite lower Brent price in this period. The firm reported solid operating results as well.
According to Ecopetrol’s (NYSE:EC) information, Colombia is among those the greatest gas potential in Latin America.
Ecopetrol (NYSE:EC) confirmed that it is working on projects in the Eastern Planes, vital to assure the industry’s reactivation.
CEO Felipe Bayón spoke about the NOC’s upcoming projects, and how they will assure best practices in Colombia, when it comes to developing unconventional resources.
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