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.