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.
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.
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