The Colombian government has worked to boost the development of new oil projects in the country and the industry is responding positively. The sector has committed large investments for the coming years.
The oil sector has shown a slight recovery in the country, driven mainly by the growth in oil prices. However, shares of some companies such as Ecopetrol (NYSE: EC) have not had as positive a response.
Arrow Exploration Corp announced operational and financial results for 2Q19. Here are the details.
Canacol Energy (TSX: CNE) is betting heavily on the natural gas market, making large investments in the country. The results are beginning to be seen, as the company reported record natural gas sales recently.
Terpel announced its financial and operational results for the second quarter of this year. The company reported revenues and net income increased during 2Q19 and the first half of this year.
CEO Felipe Bayón took the stage of Colombia’s Entrepreneur Association’s (ANDI) 75th Assembly, where he spoke about the NOC’s plans for the coming years.
Ecopetrol (NYSE:EC) published its 2Q19 and 1H19 financial results and that allowed us to update our ECP Line-of-Business (LoB) charts, something we had not done since March (based on 2018 full-year results). The Transport LoB produces less EBITDA in volume than E&P but margins continue to rise.
Canacol Energy (TSX: CNE) is betting on Colombian natural gas sector, starting a market diversification strategy. Here are the details.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended June 30, 2019. Natural gas production, sales and revenues increased year-over-year during this period.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the second quarter 2019. The company reported decrease in its production compared to previous quarter, but positive financial results.
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