News and AnalysIs for

The National Development Plan (PND) states that the government can sell its shares in public companies, as a way to cover the fiscal gap. As controversial as it is, selling part of the NOC’s shares is on top of the authorities’ list.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2019. Natural gas production, sales and funds flow from operations increased.

The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil and gas reserves in 2018, with negative results for natural gas. Orlando Cabrales, President of the Colombian Association of Natural Gas (Naturgas), talked about the gas situation in the country.

The Minister of Mines and Energy (MinMinas), María Fernanda Suárez, confirmed that the government will follow the recommendations made by the Commission of Experts regarding fracking.

The National Environmental Licensing Agency (ANLA) spoke about its most recent follow-up process to industry projects in the departments of Casanare, Cundinamarca and Tolima.

The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil and gas reserves in 2018, with positive results in term of oil, but there are concerns about the behavior of natural gas reserves.

The president of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, announced that the government will grant areas for gas exploration activities. Here are the details.

Inhabitants of 100 municipalities will march to call on President Duque to comply with his campaign promises about fracking.

The government presented the National Development Plan (PND) but some of its articles have generated much controversy. The Association of Financial Institutions (ANIF) spoke about the PND and some of its effects on fuel prices.

Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended March 2019. The company reported continuing operational success during the first quarter of the year and excellent financial results.