Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2017. The company reported a net loss and decrease in operating EBITDA and capital expenditure this quarter.
The Colombian Caribbean region has high expectations about the benefits of the offshore industry. German Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) talked about challenges to supply operations.
Over the past few weeks, there has been a considerable change in the government’s public declarations about the industry.
USO reported that after Razón Pública newspaper published the article titled “Ecopetrol, 2003-2017: bankruptcy induces privatization?” The NOC sent a letter to the journalist Libardo Sarmiento, author of the publication.
Through its Energy4me program, the Society of Petroleum Engineers (SPE) went to Putumayo and, with Ecopetrol’s (NYSE:EC) support, started a campaign to educate people with real facts, about the real impact of oil activities in their territories.
Claudia González, director of the National Authority for Environmental Licenses (ANLA) gave a positive outlook forthe industry’s situation in Colombia.
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