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Canacol revises 2016 Capex plan upwards to US$92M

Canacol Energy (TSX:CNE) said that it has revised its 2016 Capex plan and will increase its investments by US$34M to a total of US$92M and plans to drill three additional gas wells in the remainder of 2016.

Tuesday, October 4th, 2016
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ConocoPhillips suspends VMM3 exploration

ConocoPhillips suspends VMM3 exploration

Colombia’s most public (potential) unconventional project, still in its early exploration phase, has been suspended by ConocoPhillips (NYSE:COP) due to a series of blockades in the VMM3 block.

Wednesday, September 28th, 2016
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Promigas now reaching 3.1M gas users

Natural gas distributor Promigas said that in the first half of 2016 it has added 73,053 new natural gas users, bringing its total base to 3.1M in 650 different communities through its corporate group.

Wednesday, September 28th, 2016
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Could Ecopetrol sell more shares?

Could Ecopetrol sell more shares?

Ecopetrol (NYSE:EC) needs capital to start a new exploration campaign and add new production, and non-committal statements from its president Juan Carlos Echeverry have led to speculation that the government could issue another round of shares.

Monday, September 26th, 2016
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USO seeks to build momentum for strike

The USO has been politicking and reaching out to friends in high places, in an effort to build political momentum and recruit allies ahead of an Ecopetrol (NYSE:EC) strike planned for October.

Monday, September 26th, 2016
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Reficar, Bioenergy profits will start in 2017

The Cartagena Refinery (Reficar) will not start to show profits until 2017, 18 months following the operational launch of the facility, and something similar is expected for Ecopetrol’s (NYSE:EC) Bioenergy biofuels plant as well.

Tuesday, September 20th, 2016
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Echeverry warns that the “valley of death” is approaching

Ecopetrol (NYSE:EC) President Juan Carlos Echeverry said that gas production in Colombia must address the coming “valley of death”, the period between the decline of current producing fields and the entry of production from Caribbean offshore.

Monday, September 19th, 2016
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Hocol says dirty campaign fanning opposition La Macarena

Hocol’s plan to drill an exploration well in La Macarena in the CPO-16 block is churning up community opposition, and company representatives allege that there are activists feeding the community with bad information to increase resistance.

Thursday, September 15th, 2016
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Ecopetrol’s four growing problems

Ecopetrol (NYSE:EC) has been weathering a rocky sea since the fall of oil prices, but four specific problems will have to be sorted out over the coming weeks for the NOC to press on with its operation.

Monday, September 12th, 2016
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Ecopetrol Round draws interest from 138 firms

Ecopetrol (NYSE:EC)’s plans to auction off non-strategic assets in a special bidding round has received interest from a total of 138 suitors, as the NOC looks to sell off around 20 of its smaller and mature fields and blocks.

Thursday, September 8th, 2016
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