Ecopetrol (NYSE: ECP) reported good financial performance in 2017, and prospects for this year are positive as well. Oil prices and the discount to Brent played a key role in this issue, benefiting all Colombians.
Amerisur Resources Plc (LSE: AMER) announced its certified reserves and resources for the year ended 2017. The company’s reserves decreased, but the administration is optimistic about the future.
The company’s management spoke about the investments planned for this year in Colombia and Peru; the figures doubled compared to last year.
Financial results for 4Q17 are in and crude oil netbacks are up. Hardly surprising given the run up in oil prices, but it looks like not all the growth in Brent is passing through directly to operating profitability.
Ecopetrol (NYSE:EC) is unique among Colombia-focused operators for many reasons but one is that it is the country’s only integrated oil company, lacking just retail distribution for it to cover the entire value chain. Luckily, the NOC publishes results by Line of Business (LoB) that allow us to understand what is happening below the top-line.
A few weeks ago, the ACP published a study on operating costs, which we thought would be of considerable interest to our readers. The Association has graciously given us permission to translate it to English and publish.
The Colombian Petroleum Association (ACP), the Colombian Chamber of Petroleum Goods and Services (Campetrol), the Colombian Association of Petroleum Engineers (ACIPET), the Colombian Association of Engineers, Cundinamarca Chapter (ACIEM) and the Colombian Association of Geologists and Petroleum Geophysicists (ACGGP) joined forces to celebrate the presence of the industry in the country.
Geopark (NYSE:GPRK) called a breakfast meeting ensure the national press understood what the company had accomplished in production and in its social contributions. HCC is well aware of what it has accomplished but we were invited and bring this report.
A new problem begins to emerge for Ecopetrol (NYSE: EC) due to the fact that the USO initiated blockades in different strategic points the departments of Meta and Casanare.
Geopark (NYSE: GPRK) reported its financial results for 3Q17 and the firm´s showed good financial and operational performance during this quarter.
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