News and AnalysIs for

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended December 30, 2018. Gas production, sales and funds from operations increased. Charle Gamba, CEO of CNE, talked about the company plans for 2019.

Industry Associations took the stage of the ‘Colombia Genera’ (literally: Colombia Produces) forum, to have a fact-based conversation about fracking.

Ecopetrol (NYSE: EC) has several projects to develop in the country this year and pilot fracking projects are key to the firm. The NOC announced its plan on this issue.

The National Federation of Fuel and Energy Distributors (Fendipetroleo) hosted a press conference. HCC attended the event.

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.