News and AnalysIs for

ProductionGran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for third quarter of 2017. The company highlighted that its production increased and reiterated its strategy to focus onColombia.

Industry leaders and academics talked about fracking and seismic at the second “Colombia and the World of Fracking” workshop organized by the Society of Petroleum Engineers (SPE) in Bogotá.

During the coming weeks, the Government hopes to confirm the existence of new oil areasthat will put Colombia in a new stage in the offshore industry.

Ecopetrol (NYSE: EC) reported security incidents at its Coveñas Caño Limón pipeline (CCL) in Norte de Santander. Even though measures were taken, there is still a lot to do to control public order issues in the area. The development of these and other stories in our periodic Security summary.

Throughout our brief history we have observed that the ANLA likes to change performance measures with some frequency. Its new one is at least clear but it does not look good for the oil and gas industry.

The Society of Petroleum Engineers (SPE) hosted the second “Colombia and the World of Fracking” workshop in Bogotá. Industry leaders and the National Environmental Licensing Agency (ANLA) representatives debated the pros and cons of developing fracking in the country.

The propane market is facing a situation of much uncertainty at present. Representatives of the sector have shown their concern about this. Authorities and companies in the sector must take measures to avoid major problems in the short and medium term.

Last week, we published about a court ruling that (supposedly) would lead to taxing royalties (technically, removing a ‘deduction’ for royalties).

The union gave an update on the negotiations it recently started with the companies.

The Ministry of Mines and Energy (MinMinas) announced fuel prices for November. A citizen filed a lawsuit against the ministry to change the definition of the fuel surcharge in Colombia.