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Canacol production up, but falls into the red

Canacol production up, but falls into the red

Canacol Energy (TSX:CNE) said that it hit record production and revenues not seen since before the fall of oil prices, but relinquished fields combined for a non-cash impairment charge which brought its first quarterly loss in 2016.

Wednesday, November 16th, 2016
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Ecopetrol reports rash of theft in Casanare

Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.

Tuesday, November 15th, 2016
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The legislative agenda for 2016

The president of Colombia’s Congress, Senator Mauricio Lizcano has an ambitious and tight schedule ahead for the remainder of the 2016 legislative season, with several big items on their way including the pending tax reform and the peace agreements between the government and the Farc.

Tuesday, November 15th, 2016
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Boyacá community rejects M&P seismic work again

A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.

Tuesday, November 15th, 2016
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Pacific moves forward

Pacific moves forward

Pacific Energy (TSX:PEN) posted its third quarter 2016 earnings, the first since its restructuring and the handover of the Rubiales field, showing production of 75,096boed after royalties. The firm highlighted its strategic changes which will mean a focus only on Colombia and Peru.

Tuesday, November 15th, 2016
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ECP launching secondary recovery pilot project in Chichimene

Ecopetrol (NYSE:EC) will apply a polymer flooding technique developed by its Colombian Petroleum Institute (ICP) to the Chichimene field in Meta, to improve the extraction of heavy crude and increase its secondary recovery rate.

Monday, November 14th, 2016
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USO, ECP conflict heats up

The USO accused Ecopetrol (NYSE:EC) of relying on the police to repress union members and force it to accept management’s agenda to leave the current collective bargaining agreement without changes.

Monday, November 14th, 2016
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Industry optimistic about oil prices; pessimistic about oil production

Industry optimistic about oil prices; pessimistic about oil production

This week we temporarily merge our ‘From our analyst’s desk’ and ‘What we think’ features to analyze what you think.

Monday, November 14th, 2016
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Canacol, Promigas agree to expand pipeline capacity

Canacol Energy (TSX:CNE) has announced a new agreement with gas distributor Promigas to expand its existing gas distribution network and add 100mmcfd to its current agreement.

Monday, November 14th, 2016
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Parex turns a profit in 3Q16

Parex turns a profit in 3Q16

Parex Resources (TSX:PXT) continued with its steady production growth in the third quarter of 2016 and was even able to post its first profit since the fall in oil prices at the end of 2014.

Monday, November 14th, 2016
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