Ocensa, the largest oil pipeline in Colombia, announced an increase in transport prices, generating controversy in the sector. This “fight” between oil companies and Ocensa continues and government representatives spoke on this issue.
The Colombian government launched its Circular Economy Strategy, making Colombia the first Latin American country to implement this initiative, and the industry the first sector to provide results.
Canacol Energy (TSX: CNE) announced positive results of the Ocarina 1 exploration well located in the VIM 5 block and the flow testing results of the Nelson 7 development well located in the Esperanza block. The company is the operator of both areas located in the Lower Magdalena Valley (VIM).
Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2019. The company reported an oil and gas production increase and development and exploration successes during this quarter.
The oil industry has had a very active year in terms of alliances, new projects and asset sales. Amerisur Resources (LON: AMER) announced important news that could continue to move business in the sector in a big way.
Carlos Leal, Head of the Colombian Association of Petroleum Engineers (Acipet), spoke about the industry’s situation and the role of Petroleum Engineers to guarantee the sector’s sustainability.