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According to the CEO, this year started with a bitter sweet feeling for the industry; better international prices, but attacks against oil infrastructure. He also said that fracking is a good option to increase reserves.

The National Administrative Department of Statistics (DANE) reported on transport costs and the main factors that influenced their behavior during 2017.

The National Army, the Police and the National Tax and Customs Police (Polfa) announced successful operations in different departments of the country regarding the confiscation of smuggled fuel. The development of these and other stories in our periodic Security summary.

Uruguay remains the country with the highest prices, while Venezuela still has the lowest.

The Ministry of Energy and Mines announced the appointment of a new vice minister of energy, Alonso Cardona Delgado.

Frontera Energy Corporation (TSX: FEC) announced its 1Q18 production target and other goals for this year. The company highlighted that it achieved exit rate production after royalties during December 2017.

The union spoke about negotiation dates for this year, and revealed the names of the leaders that were chosen as advisers during the process of organizing and drafting USO’s list of demands.

The Farc process is officially in the post-conflict phase and, despite stories of implementation failures on both sides, the UN Secretary General has given this a clean bill of health. But peace with the ELN is an entirely different story.

Some publicly traded E&P companies used to complain about a “Colombia discount” believing that investors undervalued their shares because of perceived defects in the Colombian environment (usually the ‘unholy Trinity’ of security, social conflict and environmental licensing).

The Coveñas Caño Limón (CCL) pipeline has been the main target of terrorist attacks in recent years by illegal groups, mainly the ELN. This illegal group reactivated the attacks against CCL just hours after the bilateral ceasefire expired.