News and AnalysIs for

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.

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

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

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.

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.

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.

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.

Authorities confirmed that thanks to the General System of Royalties (SGR), the regions were able to receive important resources to develop social investment projects. These and other stories in our periodic Royalties summary.

The Ministry of Mines and Energy (MinMinas) announced a new increase in fuel prices for February 2019. The Colombian Federation of Cargo and Logistics Transporters (Colfecar), commented on this measure.

The Colombian Association of Petroleum Engineers (Acipet) reported that the current president of its Board of Directors, engineer Julio César Vera, is stepping down.