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.
Ecopetrol (NYSE:EC) will be ready to develop fracking pilot projects in the second half of 2020, CEO Felipe Bayon said.
Ecopetrol (NYSE: EC) announced the investment budget for its Enhanced Oil Recovery (EOR) program. The company expects to increase its oil production and contribute to guaranteeing self-sufficiency with this strategy.
The most recent attack on the Transandino pipeline, in the department of Putumayo, proves that armed groups will not give up attacking oil infrastructure, generating serious environmental and financial damage to Colombia.
Ecopetrol (NYSE:EC) will reduce 20% of its greenhouse gas emissions by 2030, as part of its environmental strategy.
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