The Colombian fuel market received one of the heavyweights of the region this year, Primax, a subsidiary of the Romero Group. Carlos Gonzales, CEO of Primax, spoke about the firm’s plans in Colombia.
Like most everyone else in the industry, Ecopetrol (NYSE:EC) is having a great year financially and statistically. However, the integrated nature of the the NOC means it takes a bit of work to see what is happening in just the E&P business.
Eric Flesh, President of Promigas, assumed the leadership of the firm recently. He spoke about the expansion plans of the firm in Colombia and the region.
The firm spoke about its plans in Colombia and Chile, forecasting a production growth.
Amerisur Resources announced a new strategic alliance with Occidental Andina LLC, an affiliate of Occidental Petroleum Corporation to develop key exploration blocks in Colombia. The companies announced big investments in Colombia for the coming years.
The First Oil and Gas summit: 100 years promoting the development of Colombia brought together important representatives of the industry. They recalled the history of the sector in Colombia.
Gas Natural Fenosa changed its name to Vanti recently and the company has big plans for the natural gas sector in Colombia. Rodolfo Anaya Abello, President of Vanti, spoke about the firm’s goals and expectations in Colombia.
Frontera Energy’s (TSE: FEC) CEO, Richard Herbert, spoke about the firm’s main challenges and plans in Colombia.
CEO Eric Flesch spoke about the firm’s investment portfolio in Colombia.
The results for Colombia-focused companies are published, so we updated our statistics on oil prices and netbacks. It was not a great quarter but not a bad one either. As always, individual results may vary; we are looking at Colombian averages.
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