Under criticism for high pipeline rates in the face of low oil prices, Cenit offered to finance up to half of transport costs but declined to give E&P companies any real relief.
These are some of the challenges that regional authorities will have to face due to low oil prices and less royalties’ resources. These and other stories in our periodic Royalties summary.
Terpel’s Sylvia Escovar spoke to El Tiempo about the firm’s strategies to cope with the current crisis, and its vision for the medium term.
This week the Colombian Petroleum Association (ACP) raised the issue of oil transport costs and in particular, pipeline tariffs. Given the government’s stake in the Cenit, which owns virtually all of the pipelines, the request for lower tariffs will likely be ignored. But Cenit’s victory may be pyrrhic this time.
GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended March 31, 2020.
Canacol Energy (TSX: CNE) plans to develop two projects in the coming months to strengthen its operations in Colombia.
Just like other top global firms, Gran Tierra Energy (NYSE:GTE) announced modifications to its financial plans, amid the Covid-19 pandemic. Here are the details.
We know that it is already the second quarter of 2020 and that companies will soon start publishing their 1Q20 results. But year-end results are always a little bit delayed and we have had other, higher priority things to write about. So here are our 4Q19 Netback graphs.
The Superintendence of Industry and Commerce (SIC) authorized Hocol to acquire Chevron’s (NYSE: CVX) stake in the Chuchupa and Ballena fields, located in the department of La Guajira.
Canacol Energy (TSX: CNE) reported on conventional natural gas prospective resources for some of its exploration blocks in the Lower and Middle Magdalena valley.
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