This is how much the State will receive from Ecopetrol (NYSE:EC), if the company’s board of directors agrees on the current profit distribution plan.
The President of the Colombian Association of Petroleum Engineers (Acipet), Carlos Leal, spoke about the effects that the Coronavirus has had in the global and national industry.
Two weeks ago we looked at the UPME’s demand scenarios, pointing out that 70% of the forecast growth comes from the Oil+Gas sector, a fact we found surprising, especially considering that the forecast was not well explained and seemed to be way off in the first year of the study (2019). This week we look at supply and the ‘balance’ or the difference between supply and demand.
Ecopetrol (NYSE: EC) announced its fourth quarter 2019 results. Here are the details.
According CEO Felipe Bayon, Ecopetrol (NYSE: EC) will start developing fracking pilot projects (PPII) at the end of this year, as long as it complies with authorities’ environmental and social standards.
The outstanding results that the NOC recorded in 2019 are just a taste of what is coming this year, company representatives said.
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