President-elect, Ivan Duque, announced that Ecopetrol’s (NYSE: EC) CFO, María Fernanda Suárez, will be the new Minister of Mines and Energy (MinMinas).
Late yesterday afternoon, Parex (TSX:PXT) issued a press release announcing that the Board of Directors had decided to “initiate a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.”
Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.
Activities at Coveñas Caño Limón (CCL) were suspended for 180 days due to ELN attacks and oil theft.
President elect, Iván Duque, appointed Ricardo Lozano as the new head of the Ministry of Environment and Sustainable Development (MinAmbiente).
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for June 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier for second month in a row.
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