Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2018. Average production increased, and the firm reported a positive net income during this quarter. CNE also announced management’s goals for 2018.
Colombia has had an ongoing discussion on the effects of the oil sector in the regions in recent years, and social unrest has affected the operations of the industry throughout the country. Respected survey house, Centro Nacional de Consultoria, conducted a study to understand the inhabitants of Yopal perception about the oil sector activities.
According to the Office of the United Nations for the Coordination of Humanitarian Affairs (OCHA), the crimes by the ELN and the EPL against the population have increased since March 14th, 2018. The development of these and other stories in our periodic Security summary.
Political and economic problems in South American countries are leaving a gap in oil exports to the United States that Colombia is levering. Experts talked about this situation, as well as of opportunities for the country.