The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for August 2018. Crude increased slightly compared to the same period of last year, and gas showed positive behavior as well.
Fracking has been a controversial subject for communities, but if anyone will benefit from the development of this technique, it is them.
Ricardo Lozano, Minister of Environment and Sustainable Development, spoke about the priority issues for the entity and the strategies to work on these issues.
Ecopetrol (NYSE: EC) spoke about contracting figures in Santander, and how the company has helped improve the quality of life of the communities in its areas of influence. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Colombia has discussed high fuel prices and the convenience of the ‘magic formula’ in recent years. However, current oil prices are forcing this metric to increase, despite dissent from consumers and many segments of industry.
Arrow Exploration Ltda. and Front Range Resources Ltd. (FRK) announced a significant advancement in the private placement financing of subscription receipts. In addition, Arrow gave an operational update for its blocks in Colombia.
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