The fall in oil prices greatly affected the Colombian economy some years ago, proving that the country depends in large part on the sector. However, oil prices have been increasing in recent months and experts analyzed this situation.
Ecopetrol (NYSE: ECP) announced a major project to be carried out in the Cupiagua field. The NOC said that this project will help improve operations in this important field, generate social benefits and increase production.
The NOC spoke about its local contracting figures in Meta during 1Q18, but will these quiet complaints about local hiring?
Companies like Cepsa, GeoPark (NYSE: GPRK) and Equion announced successful infrastructure and education projects in Yopal and Casanare. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
On May 1st, Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended March 31, 2018. The company reported a record high average quarterly Colombia production and the firm keeps demonstrating ongoing strong financial performance.
Although this mechanism is new in Colombia, it already works in countries like Peru with positive results, and could change the course of the Colombian post-conflict process.
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