News and AnalysIs for

The construction of new regasification plants has been a subject of much interest and controversy in the country. Companies have shown their interest in these projects. Jaime Orjuela, President in charge of TGI, spoke on this subject and the company’s plans.

Although the industry’s situation in Colombia is still quite complex, the Executive President of the Colombian Chamber of Petroleum Goods and Services (Campetrol) Germán Espinosa, was optimistic about the future of the sector in the country.

Ecopetrol (NYSE: EC) announced its third quarter and year-to-date (YDT) 2017 results. The firm highlighted that YTD net income continues to increase. The NOC’s reported margins are at their highest in the past two years.

GeoPark (NYSE: GPRK), Ecopetrol (NYSE:EC) and Equion gave a positive report on their social investment projects in Casanare and Meta. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

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.