News and AnalysIs for

The private sector is developing an ambitious project to build a new refinery in the country. The project received the resources needed through V.I.P Group International, a private investment fund in the US, and the construction phase could begin soon.

Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2019. The company reported production growth, good financial performance and cost savings during this period.

Parex (TSX: PXT) announced its financial and operating results for the second quarter 2019. The firm reported oil production growth and strong financial performance.

Parex Resources (TSX: PXT) has developed an ambitious investment campaign in the Colombian oil sector, showing positive results. The firm reported excellent financial results in recent years and has positioned itself as one of the most important companies in the country.

The Colombian offshore sector received a new boost, with the signing of the contract to develop the GUA-OFF 10 block.

According to Naturgas’ Orlando Cabrales, the development of unconventional projects will be an important tool for closing socio-economic gaps in Colombia. These and other stories in our periodic Royalties summary.

Canacol Energy’s (TSX:CNE) CEO, Charle Gamba, spoke about the completion of the firm’s gas pipeline in the Colombian Caribbean.

We are now firmly in the third quarter and so it is time to look back at how the shares of Colombia-focused producers performed in the second quarter. The short answer is that they continued to track global indexes, indicating that big-picture forces are more important (at the aggregate level) than Colombia-specific forces.

The Colombian oil sector has shown signs of recovery during this year, and the increase in production is a clear proof of that. The National Hydrocarbons Agency (ANH) spoke about the role of Ecopetrol (NYSE: EC) and other companies in the operation of the country’s current production.

The National Oil Companies (NOCs) of Latin America have announced several plans to improve their operations amid a difficult economic environment. Ecopetrol (NYSE: EC), Pemex, Petrobras (NYSE: PBR), YPF and PDVSA face different challenges and are working on several strategies to overcome them.