Illegal actions against Ecopetrol (NYSE: EC) infrastructure remain a major headache for the NOC. The company denounced a new violent incident at its facilities in the department of Meta.
Monthly oil production this year has been consistently lower than that of 2016. The two usual explanations are ELN attacks on the Coveñas / Caño Limón (CCL) pipeline and the general malaise of the industry driven mostly by lower oil prices.
The boom in anti-oil and mining referendums is generating a lot of uncertainty with companies and investors. Juan Manuel Santos, President of Colombia, spoke about this issue (for the first time in a while) in a business meeting.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for second quarter of 2017. The company highlighted that its production increased and it had strong financial performance, despite reporting net loss during 2Q17.
A draft decree from the Ministry of Environment (MinAmbiente) turned on the alarms for the oil, electricity and infrastructure sectors.
The union said that protests have been taking place in the departments of Sucre and Cesar to reject the alleged breach of agreements by companies like Canacol, Ecopetrol (NYSE: EC) and Cenit.
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