Richard Dos Santos, Operations and Commercialization Manager of Petrobras (NYSE: PBR) in Colombia, spoke about the company’s investment plans and goals in Colombia for 2019.
Ecopetrol (NYSE:EC) transports nearly 15mmbl of diesel, gasoline and propane through the Magdalena river every year. This is the company’s plan to recover its navigability.
Last week was a controversial one in Colombia’s congress with the ongoing battle over peace process implementation, approval of royalty reform in its opening debate and the final authorization of the government’s long-term economic plan (known as the PND for its initials in Spanish). The press reacted strongly to a clause about fracking but the politics of how one newspaper reacted was surprising, to me at least.
Occidental Petroleum Corporation (NYSE: OXY) made a tempting offer to acquire Anadarko Petroleum Corp. (NYSE: APC). The company announced measures to finance this huge operation, responding to some analysts’ doubts about its capacity to pay the amount offered.
The House of Representatives’ First Commission approved the initiative to modify the General System of Royalties (SGR), in its first debate. Here are the details.
The extractive sector has been accused of having little commitment to the environment and the producing regions. However, companies pay great attention to their Corporate Social Responsibility (CSR) programs and Drummond is one of the companies that works every day on this important issue.
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