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.