Fearing a possible detriment of water sources and vegetation in their territories, a group of farmers from the Banco de Arena and Palmarito settlements, submitted a popular action to stop Turkish Petroleum from developing oil in the rural area of Cúcuta.
Apparently, “reject” is USO’s favorite word since pretty much every single of its statements or headlines start with it. The Union ‘rejected’ the development of oil activities in La Macarena Park and Sierra Macarena Reserve, as well as Ecopetrol’s (NYSE:EC) decisions regarding workers’ wages and working conditions in Cusiana and Reficar.
Casanare Chamber of Commerce (CCC) created the Oil & Gas Cluster to help the services business in Casanare, presenting proposals to improve processes in the oil industry. The first initiative was announced in recent days.
Jaime Checa is a prominent geophysicist who is troubled by the way the industry is evolving, especially its complicated relationship with communities.
Ecopetrol (NYSE:EC) published its 4Q16 results which allows us to update our Line-of-Business (LoB) charts for the entire year. After an encouraging 2015 and significant new capability in Reficar and Barrancabermeja, ECP’s refinery business was again the loser.
Pacific E&P (TSX: PEN) announced its financial statements for last year. The company reported a net production decrease and lower financial results, but the firm reported positive net income thanks to the restructuring.
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