News and AnalysIs for

Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.

Activities at Coveñas Caño Limón (CCL) were suspended for 180 days due to ELN attacks and oil theft.

President elect, Iván Duque, appointed Ricardo Lozano as the new head of the Ministry of Environment and Sustainable Development (MinAmbiente).

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for June 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier for second month in a row.

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2018 (“2Q2018”). The company reported good production performance and successful drilling activities in the Llanos 34 block during this quarter.

Colombia’s National Biofuels Federation (Fedebiocombustibles) spoke about the challenges that the new administration has when it comes to downstream.

The union reacted to Fasecolda’s Jorge Humberto Botero’s proposal to sell the government’s shares in Ecopetrol (NYSE:EC).

In our final article based on BP’s update to its energy statistics, we look at a couple of topics we do not usually extensively cover in HCC: the domestic demand side, specifically refining and electricity generation, with a closer look at renewables.

Bogotá’s Chamber of Commerce hosted an event where industry entrepreneurs and public entities talked about the Most-Affected Areas by the Conflict (Zomac). We attended and brought back comments from the industry as well as our own impressions.

The Colombian government is making an important commitment to promote the development of offshore projects and take advantage of the Caribbean Sea potential. This has generated high expectations in the Caribbean region of the country, especially in the department of Atlántico. There, leaders are discussing about how to leverage these opportunities and their risks.