1 month ago
Ecopetrol has named Carlos Augusto Suárez Rojas as chairman of its board of directors as Colombia's largest company refreshes the leadership overseeing its sprawling oil, gas and electricity businesses.
The board elected Suárez Rojas at a September 17 meeting, with Claudia Margarita Lafaurie Taboada appointed vice chair, Ecopetrol said.
Suárez Rojas replaces Luis Felipe Henao Cardona as chairman. Henao remains on the board and will chair Ecopetrol's Corporate Governance and Sustainability Committee.
The company also reorganized the membership and leadership of its six main board committees covering audit and risk, business strategy, corporate governance and sustainability, compensation and nominations, health and safety, and technology and innovation.
Ricardo Rodríguez Yee will chair the Audit and Risk Committee, while José Camilo Manzur Jattin will head the Business Committee. Suárez Rojas will also chair the Compensation, Nomination and Culture Committee.
#rojas #committee #board
The board elected Suárez Rojas at a September 17 meeting, with Claudia Margarita Lafaurie Taboada appointed vice chair, Ecopetrol said.
Suárez Rojas replaces Luis Felipe Henao Cardona as chairman. Henao remains on the board and will chair Ecopetrol's Corporate Governance and Sustainability Committee.
The company also reorganized the membership and leadership of its six main board committees covering audit and risk, business strategy, corporate governance and sustainability, compensation and nominations, health and safety, and technology and innovation.
Ricardo Rodríguez Yee will chair the Audit and Risk Committee, while José Camilo Manzur Jattin will head the Business Committee. Suárez Rojas will also chair the Compensation, Nomination and Culture Committee.
#rojas #committee #board
2 months ago
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven't returned to operating oilfields in the world's largest oil reserves holder.
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
2 months ago
Venezuela's new petroleum minister sees her South American home not as a dilapidated former oil giant, but as an emerging energy economy ripe for U.S. and foreign investments in new oil and gas exploration, both onshore and offshore.
Paula Henao, who took over as the hydrocarbons minister in March after the forced U.S. removal of former leader Nicolás Maduro, told an overflowing Houston energy audience on Wednesday that Venezuela is much more than just its famed heavy-grade crude oil. There are more than 916 exploration opportunities awaiting foreign investment, she said, including natural gas and other untapped oil basins. She cited an estimated 192 trillion cubic feet of natural gas reserves, as well as the country's world-leading proven oil reserves of more than 300 billion barrels.
"It's an entire world waiting to be discovered, just waiting for us to reach these agreements so we can develop these new areas," Henao said in Spanish to the crowd at the posh Post Oak Hotel in Houston.
Henao and leaders of the Venezuelan state oil company, PDVSA, were in Houston this week for meetings and a showcase event in advance of a bigger Venezuela Energy Week in February in Caracas.
"Go to Venezuela to invest, go to Venezuela to develop businesses there," said PDVSA Vice President Jovanny Martinez, also speaking in Spanish. "We are at the right place at this historical moment. We have the energy that the world requires."
#venezuela #henao
Paula Henao, who took over as the hydrocarbons minister in March after the forced U.S. removal of former leader Nicolás Maduro, told an overflowing Houston energy audience on Wednesday that Venezuela is much more than just its famed heavy-grade crude oil. There are more than 916 exploration opportunities awaiting foreign investment, she said, including natural gas and other untapped oil basins. She cited an estimated 192 trillion cubic feet of natural gas reserves, as well as the country's world-leading proven oil reserves of more than 300 billion barrels.
"It's an entire world waiting to be discovered, just waiting for us to reach these agreements so we can develop these new areas," Henao said in Spanish to the crowd at the posh Post Oak Hotel in Houston.
Henao and leaders of the Venezuelan state oil company, PDVSA, were in Houston this week for meetings and a showcase event in advance of a bigger Venezuela Energy Week in February in Caracas.
"Go to Venezuela to invest, go to Venezuela to develop businesses there," said PDVSA Vice President Jovanny Martinez, also speaking in Spanish. "We are at the right place at this historical moment. We have the energy that the world requires."
#venezuela #henao
