News and AnalysIs for

The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) analyzed the industry’s results for last year.

German Arce, Minister of Mines and Energy (MinMinas) announced progress on the Tax Refund Certificate (CERT). He highlighted that companies of the extractive sector are very interested in this issue.

Ecopetrol (NYSE: EC) and Equion stood out for their successful CSR projects that benefited communities in the departments of Casanare and Meta, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Geopark Limited (NYSE: GPRK) announced its financial results for the first quarter 2018. The company reported production gains in its consolidated operation and in Colombia. The country keeps increasing its participation in this key metric.

Environmental lawyer Rodrigo Negrete spoke about the current situation of popular consultations in Colombia, and about the recent judicial decisions that could jeopardize them.

Luis Fernando Mejía, Director of the National Planning Department (DNP), spoke about the General System of Royalties (SGR). He answered the Comptroller General’s concerns.

Representatives of Frontera Energy, Mansarovar Energy and Gran Tierra Energy (TSX: GTE) spoke about their efforts to protect biodiversity in their fields and preserve Colombia’s natural resources.

Ecopetrol (NYSE: EC) announced its first quarter 2018 results and its management highlighted that the firm was solidly committed to excellence, as its financial performance showed the best quarterly results of the past four years.

Mansarovar Energy’s Executive Vice President of Corporate Affairs, Carlos Benavides, spoke about the firm’s plans in Colombia.

The Colombian government made a disastrous adjustment to the General Royalty System (SGR) a few years ago, generating social discontent in producing regions. Now, authorities are evaluating whether to carry out a new reform of the SGR.