Ecopetrol (NYSE: EC) denounced a new attack against its oil infrastructure in the department of Boyacá.
During the political control debate that took place in Senate’s Fourth Commission, Senator and president of that Commission, Nicolás Pérez, spoke about Ecopetrol’s (NYSE: EC) assets and Colombia’s finances.
Not that the neighboring country has needed excuses for military action at the border, but the ELN just gave them a reason. Here is why.
Frontera Energy (TSX: FEC) announced its financial and operating results for 3Q2018. The company reported a decrease in oil production but managed to report a positive net income in the quarter. The firm announced changes to the composition of its Board of Directors and FEC plans to drill several wells in Colombia during 4Q18.
Late Friday afternoon, the State Council issued a decision suspending existing fracking regulation. Recent governments have denied there was any regulation on fracking so it is not clear what the implications might be, nor is it clear what impact this might have on Ecopetrol’s (NYSE:EC) proposed trial.
The non-public oil sector proposed pilot fracking projects in the Magdalena Medio Valley (VMM) to show Colombians that these projects could be developed in a friendly way with the environment. However, the National Agency of Environmental Licenses (ANLA) decided against this alternative.
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