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.
The Mining and Energy Planning Unit (Upme) published the Indicative Propane Supply Plan for Colombia. Here are the details.
According to Fedesarrollo, the Venezuelan crisis is far from being over, but Colombia is closer to ending the legal distribution of gasoline and diesel in the department of La Guajira. The development of these and other stories in our periodic Security summary.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for February 2019. Crude and natural gas production increased during the second month of this year compared to the previous year.
Operator of the National Interconnected System (SIN) and administrator of the Wholesale Energy Market (MEM), XM, spoke about water levels in the country’s reservoirs.
The National Agency for Environmental Licenses (ANLA) ruled on the “Tambora production area” project, located in the municipality of Pueblo Nuevo in the department of Córdoba.
The Ministry of Mines and Energy (MinMinas) asked for the support of the Ecuadorian government to mitigate the gasoline shortage Colombia is facing.
The International Energy Agency (IEA) recently published its global oil report for 2019, which includes its perspectives on oil production. Colombia is included in this analysis and expectations are not very encouraging.
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