News and AnalysIs for

The first Natural Gas Forum took place in Barranquilla, where industry entrepreneurs and local authorities announced a pilot project to change the city’s bus fleet to vehicles fueled by Vehicular Natural Gas (VNG).

Ecopetrol (NYSE: EC) and its transport subsidiary, Cenit, reported the recovery of an important archaeological cache in the Coffee Region, found during the construction of the Salgar-Cartago-Yumbo pipeline.

Gasoline prices have been controversial due to the lack of credibility in the ‘magic formula’ to establish them. The association Coomultiport made a complaint about a possible increase in prices in border areas.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended December 30, 2018. Gas production, sales and funds from operations increased. Charle Gamba, CEO of CNE, talked about the company plans for 2019.

Industry Associations took the stage of the ‘Colombia Genera’ (literally: Colombia Produces) forum, to have a fact-based conversation about fracking.

Ecopetrol (NYSE: EC) has several projects to develop in the country this year and pilot fracking projects are key to the firm. The NOC announced its plan on this issue.

The National Federation of Fuel and Energy Distributors (Fendipetroleo) hosted a press conference. HCC attended the event.

The publicly-traded Colombia-focused E&P companies have reported so we can publish our industry-wide netback estimates. Lower oil prices naturally had a negative impact on 4Q18 netbacks but, overall, 2018 was a good year.

The oil sector has had a very hectic start of the year with many news and rumors. The industry was speculating about the possible sale of several of Frontera Energy’s assets (TSX: FEC) in Colombia. The company spoke on this issue and its plans in the country.

Colombia is analyzing the possibility to allow unconventional techniques such as fracking to increase oil and gas reserves. ConocoPhillips (NYSE: COP) and Canacol Energy (TSX: CNE) requested environmental licenses to develop fracking projects in the Country. The National Environmental Licensing Agency (ANLA) ruled on this issue.