News and AnalysIs for

We are not at a milestone like ‘100 days’ or ‘six months’ but a lot has happened in the past month from a policy perspective so I thought I should write about it.

Parex (TSX: PXT) announced its financial and operating results for the fourth quarter and year ended 2018. The firm reported oil production growth and good financial performance. Parex announced its guidance for 2019.

Alberto Carrasquilla, Minister of Finance (MinHacienda), proposed selling a portion of the State’s Ecopetrol (NYSE: EC) shares to private investors, generating much discussion in the country. Felipe Bayón, CEO of ECP, spoke on this topic and other relevant matters.

The Works for Taxes modality was first introduced to the country through the fiscal reform of 2016. What has happened since?

The National Biofuels Federation supported the initiative of increasing the amount of biodiesel in the fuel mix, but for transport Association, Andemos, the measure will end up affecting their engines.

Companies are publishing their annual reserve reports and for many of them, the headline number is a combined oil and gas figure. That got us thinking about a graph which we had not done for a long time: combined oil and gas production.

The firm signed an offshore E&P contract with the National Hydrocarbons Agency (ANH) to develop the COL 5 block. Here are the details.

Jorge Bendeck, President of the Colombia’s Biofuels Federation (Fedebiocombustibles), participated in the International Conference on Biofuels in Medellin. He talked about relevant issues such as regulation, market potential and import tariffs, among other.

Authorities announced the allocation of important resources to the development of social and infrastructure projects in Chocó, Casanare and Sucre, among others. These and other stories in our periodic Royalties summary.

Ecopetrol’s (NYSE: EC) reported its export metrics for the fourth quarter of 2018. ECP’s export distribution is changing, and the Far East is positioning itself as the principal destination of Colombian crude. Exports reported an increase in the last quarter of the year.