There is no hotter political topic in the industry at this time than unconventionals with both the Ministers of Environment and Mines and Energy making declarations recently indicating a more open approach than that of the previous government. As might be expected, this has ‘unleashed the hounds of war’ from the anti-fracking side. Here well-known geophysicist and frequent contributor Jaime Checa gives his view, rational and balanced as always, scarce attributes in today’s world.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30, 2018. Average production increased, but the firm reported a net loss during this quarter and 1H18 (due to one-time and non-cash charges).
Julio César Vera, president of the Colombian Association of Petroleum Engineers (Acipet), spoke about the importance of fracking to assure the country’s self-sufficiency.
Oil companies are diversifying their portfolios and the industry associations say the petrochemical business has positioned itself as one of the most attractive alternatives.
Ocensa, Geo Park (NYSE:GPK) and Ecopetrol (NYSE:EC) spoke about the successful development of social investment projects in their areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Ecopetrol (NYSE: EC) announced its second quarter 2018 results. The NOC financial performance considerably increased compared to previous year, proving that the company is levering current oil prices.
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