NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism.

LATIN AMERICA AND THE CARIBBEAN

Colombia

— Ecopetrol and Oxy announced plans to jointly participate in exploration activities in four blks in the deep-waters offshore Colombia’s Caribbean Coast. The blks include COL 1, COL 2, COL 6 and COL 7, the state oil giant revealed 18 May 2022 in a stmt on its website.

— Frontera Energy released its 2021 sustainability rpt on its website whereby the co. revealed it was committed to operating its business “in a sustainable, safe, ethical and responsible manner that respects people, ecosystems and the environment.”

ASIA

China

— PetroChina has established an effective ESG mgmt mechanism and formed a governance structure featuring clear hierarchy and labor division, which enables the company to effectively control ESG related risks and constantly promote the improvement of its own corp. governance standards.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.