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.
The company announced measures to improve its service in the Colombian Caribbean.
According to the outgoing director of Colombia’s National Planning Department (DNP), Luis Fernando Mejía, the only sustainable way to achieve Colombia’s growth, is the Green Growth.
The implementation of unconventional techniques, such as fracking, to produce oil and gas has generated much concern and controversy in the country. This time, a group of environmentalists falsely claimed there was fracking in the department of Santander.
Sector’s representatives talked about the natural gas sector prospects in the country, and they acknowledged that the country must overcome several challenges in gas issues.
Colombia’s new Minister of Environment (MinAmbiente), Ricardo Lozano, and new Minister of Mines and Energy (MinMinas), Maria Fernanda Suarez, openly spoke about the controversial topic of fracking.
2026, Hydrocarbons Colombia, All Rights Reserved.
