In order to lower its costs in the current oil price scenario, Pacific Rubiales Energy (TSX:PRE) is taking measures to get better value out of its light and medium crude and sell at a higher price.
The Bolsa Mercantil de Colombia (BMC) held its official launch to mark its role as the “Amazon” of the natural gas market. No mention was made of the political forces who have been successful in circumventing the open market when it comes to pricing.
Yesterday we asked where Colombia’s supply of gas was coming from and today’s graph gives a hint.
Ecopetrol releases a summary of its investment projects in Villavicencio and Meta, and also invests in helping local coffee producers make a better cup of joe. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The floating regasification plant that Promigás is building through a port consortium (El Cayao) has been completed, but the remainder of the plant awaits an environmental license to get started.
The General Comptroller (CGR) says that Ecopetrol (NYSE:EC) has incurred a CoP$16.5B (US$6.5M) loss due to poor control and contract management when receiving fields being operated by other operators, amounting to a loss of state resources, a charge which the NOC denied.
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