Parex Resources Inc. (TSX:PXT) announced its annual reserves as at December 31, 2018. The company pointed out that its proved reserves (1P) increased compared to the previous year. PXT recalled that its reserves are located in Colombia’s Llanos and Middle Magdalena basins.
The Colombian government announced its development plan for the current Presidential period, and the mining-energy sector plays a key role in this project. Authorities explained their plans and goals to boost this industry.
Authorities reported the highest levels of oil theft back in 2001. This is what they did to bring the metric down significantly.
Anderson Castro, Masters in Chemistry from the National University, explains why leveraging natural materials like clay might benefit the industry.
Transparency International recently published its Corruption Perception Index (CPI). Boards and ethical investors will be paying attention. After the scandals of recent years, corruption has become a key issue with voters as well.
An anonymous reader sent me an email about our article on Venezuela from a week or so ago. He disagreed with the ACP’s conclusion that turmoil in Colombia’s neighbor was a big opportunity for our oil and gas sector. I concur with him.
Oil production in Colombia showed stable performance throughout 2018, but the National Hydrocarbons Agency (ANH) has not reported information per field for the last two quarters of the year. However, the agency recently reported 2Q18 figures per field and we updated our database to analyze oil companies’ production metrics.
Frontera Energy Corporation (TSX: FEC) announced an important agreement with Parex (TSX: PXT) to develop exploration and development activities in the Lower Magdalena Valley (VIM). In addition, the firm carried out an investor day in Bogotá.
Ecopetrol (NYSE:EC) will welcome six new vice-presidents who will take office as of March 1st.
President Duque insisted that the Cuban government should capture ELN members that are currently in Havana, but the international community thinks otherwise. Here are the details.
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