Chevron (NYSE: CVX) had made an offer to acquire Anadarko Petroleum Corp. (NYSE: APC), but there is a new player in the mix, as Occidental Petroleum Corp. (NYSE: OXY) made a tempting offer.
Liberal Party Senators, Jaime Durán and Luis Fernando Velasco, tabled a bill to prevent the government from selling 8.5% of the NOC’s shares.
Colombia could see an increase in its oil revenues, if Brent prices stay at US$74, Acciones & Valores said.
It has been some time since we looked at Colombia’s downstream sector so this week we update some of our charts.
Parex Resources (TSX: PXT) announced its first quarter 2019 operational update. Its production started the year on the right foot in 1Q19 and the firm showed its confidence about the performance of metric for coming quarters.
The industry, headed by the Colombian Petroleum Association (ACP) and Ecopetrol (NYSE:EC), attended the second work meeting with President Iván Duque and his team.
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