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FEC and Parex agreement

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.

Thursday, February 7th, 2019
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Ecopetrol’s new members

Ecopetrol (NYSE:EC) will welcome six new vice-presidents who will take office as of March 1st.

Thursday, February 7th, 2019
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“The government is setting a negative precedent for future peace processes”: Germany

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.

Thursday, February 7th, 2019
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Geopark 2018 reserves

Geopark 2018 reserves

Geopark (NYSE: GPRK) announced its oil and gas reserves certified independently by DeGolyer and MacNaughton Corp.  (D&M) under PRMS methodology. The firm pointed out that its 1P, 2P and 3P reserves increased in 2018.

Wednesday, February 6th, 2019
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ANH on Permanent Competitive Process

The National Hydrocarbons Agency (ANH) announced measures on the Permanent Competitive Process (PPAA), which has generated expectations among the companies of the oil sector.

Wednesday, February 6th, 2019
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The ELN’s business in Venezuela

According to official reports from the neighboring country, the armed group controls illegal gold markets in Venezuela to help finance its ‘revolutionary cause.’

Wednesday, February 6th, 2019
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Gran Tierra talks ‘El Portón’

The Unitrópico University will host an event where Gran Tierra Energy (TSX:GTE) will socialize the development of its projects in Yopal. The development of these and more stories in our periodic Eco summary.

Wednesday, February 6th, 2019
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Colombia to offer offshore blocks

Colombia to offer offshore blocks

The Colombian government wants to reactivate hydrocarbons exploration and production as soon as possible. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke about the offshore blocks, new regulation and other key issues for the industry.

Tuesday, February 5th, 2019
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ANIF has a plan for ECP proceeds

The government had announced the possibility of selling 8.5% of Ecopetrol’s (NYSE:EC) shares. The Association of Financial Institutions (ANIF) has plans for the revenue this might generate.

Tuesday, February 5th, 2019
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Fuel prices discussion

Fuel prices have generated much discussions and controversy in Colombia because of the formula to calculate them and their included taxes, among other issues. The Constitutional Court ruled on one of the components of the prices and the Ministry of Mines and Energy (MinMinas) announced an examination of the formula.

Tuesday, February 5th, 2019
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