Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended March 31, 2019. The company reported a new record for oil and gas production and successful drilling activities in the Llanos 34 block during this quarter.
Chevron (NYSE: CVX) had made an offer to acquire Anadarko Petroleum Corp. (NYSE: APC), but there is a new player in the mix, as Occidental Petroleum Corp. (NYSE: OXY) made a tempting offer.
Liberal Party Senators, Jaime Durán and Luis Fernando Velasco, tabled a bill to prevent the government from selling 8.5% of the NOC’s shares.
Colombia could see an increase in its oil revenues, if Brent prices stay at US$74, Acciones & Valores said.
It has been some time since we looked at Colombia’s downstream sector so this week we update some of our charts.
Parex Resources (TSX: PXT) announced its first quarter 2019 operational update. Its production started the year on the right foot in 1Q19 and the firm showed its confidence about the performance of metric for coming quarters.
The industry, headed by the Colombian Petroleum Association (ACP) and Ecopetrol (NYSE:EC), attended the second work meeting with President Iván Duque and his team.
Iván Duque, President of Colombia, pledged to promote the development of the oil sector in Colombia and his government has taken several steps to achieve it. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke on this topic.
The government agreed to modify the National Development Plan (PND), including an article that could lower the Value Added Tax (VAT) on gasoline and diesel. Will this impact gasoline prices?
Frontera Energy Corporation (TSX: FEC) announced its first quarter 2019 operational update. Colombia production in the 1Q19 increased, being the highest since 4Q17 in the country. The firm’s drilling campaign is advancing satisfactorily in the country.
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