Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended June 30, 2018. The company reported a record high average quarterly Colombia production and the firm keeps demonstrating ongoing strong financial performance.
We held this spot in the newsletter assuming that Iván Duque’s inaugural address would have some interesting nuggets for oil and gas investors. Unfortunately, it was not that kind of speech.
The review and evaluation stage of projects submitted to access the Tax Refund Certificate (CERT) recently ended. The National Hydrocarbons Agency (ANH) and the National Mining Agency (ANM) highlighted that this process had excellent results.
The Ministry of Mines and Energy (MinMinas) spoke about the projects that transformed some of Colombia’s rural areas, thanks to the Production Incentive . These and other stories in our periodic Royalties summary.
Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q2018. The company reported advances in its drilling program but production decreased. As reported earlier, the firm highlighted the end of some transportation agreements.
Santos government and the ELN concluded their sixth cycle of negotiations, without achieving the bilateral ceasefire that would guarantee the viability of the process.
Colombia is looking for alternatives to improve its production and reserves metrics and the Enhanced Oil Recovery (EOR) technique is one of the main strategies to achieve it. Ecopetrol (NYSE: EC) is implementing EOR in its fields with good results.
The union quoted Sentence 796 of 2014, among others, to defend its right to ‘defend their rights’.
This week we skip our ‘Last 8 years’ qualitative feature in favor of a guest contribution but we continue the series in our quantitative analysis column. Last week we looked at turnover in key policy positions. If policy instability put off investors, we would expect it to show up in investment and exploration statistics, which is what we look at here.
As they were going out the door, the ANH staff obviously got worried about those nasty ‘incompletes’ on the agency’s ToDo list. As we have complained many times, one of the most significant open items is – or was – the continuous assignment process, now officially dubbed the “Permanent Competitive Procedure”. Leopoldo Olavarria and his team at Norton Rose Fulbright have brought us this overview and commentary on the new procedures.
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