Ecopetrol (NYSE: EC) announced its first quarter 2019 results. The NOC reported good financial performance, despite lower Brent price in this period compared to 1Q18. The firm reported solid operating results as well.
Ecopetrol (NYSE:EC) transports nearly 15mmbl of diesel, gasoline and propane through the Magdalena river every year. This is the company’s plan to recover its navigability.
Ecopetrol (NYSE: EC) announced a “reinforcement” for its 2019-2021 investment budget, thanks to the better oil price environment and its current operational and financial strength.
Ecopetrol (NYSE: EC) published data on the service contracts in Middle Magdalena during 2018. Local suppliers played an important role in this matter.
Even though terrorist attacks against oil infrastructure have decreased this year compared to the same period 2018, they have taken place in more complex places, geographically speaking.
Ecopetrol’s (NYSE:EC) CEO, Felipe Bayon, seems confident on the development of new fracking projects in Colombia, despite the current controversy about the topic.
CEO Felipe Bayón explained how the company plans to achieve its ambitious goals in the gas sector.
Not only Ecopetrol (NYSE:EC), but ExxonMobil (NYSE:XOM) and ConocoPhillips (NYSE: COP) want to develop fracking pilot projects in Colombia.
The oil sector has been announcing agreements and alliances in recent weeks with the aim of reactivating the exploratory activity in the country. Ecopetrol (NYSE: EC) and Repsol (MSE: REP) will develop a new offshore project in the Caribean coast.
The Commission of Experts appointed by the Ministry of Mines and Energy (MinMinas) published a 273-page document with its final verdict on the development of fracking in Colombia.
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