News and AnalysIs for

Canacol Energy Ltd. (TSX: CNE) announced its financial and operating results for the third quarter of 2017. Average production decreased in 3Q17 because of plant maintenance; accumulated extraction increased for this year.

After two years of investigations and complaints from different supplier companies, the Superintendence of Industry and Commerce (SIC) formulated charges against Postobon, Cerrejón, Procter & Gamble (P&G) and Equión Energy, for allegedly restricting the free circulation of invoices.

The construction of new regasification plants has been a subject of much interest and controversy in the country. Companies have shown their interest in these projects. Jaime Orjuela, President in charge of TGI, spoke on this subject and the company’s plans.

Ecopetrol (NYSE: EC) announced its third quarter and year-to-date (YDT) 2017 results. The firm highlighted that YTD net income continues to increase. The NOC’s reported margins are at their highest in the past two years.

CEO Felipe Bayón explained that the NOC’s biggest challenge is to produce 600mmbbl in 2020, for which it will focus on exploration, Enhanced Oil Recovery (EOR) and unconventional resources (UC).

Ecopetrol (NYSE: EC) is looking to expand its international presence in the region, and the company announced a new alliance for exploration and production in the Americas.

Ecopetrol (NYSE: EC) has focused on hydrocarbons exploration and production since it began operations, but decided to enter in a new line of business in Colombia.

Geopark (NYSE: GPRK) and Cepsa Colombia announced an agreement to work in a new high-potential exploration acreage in the country. This is the first alliance between the two companies.

Ecopetrol (NYSE: EC) enabled the connection of the Bicentenario, Araguaney and Central pipelines as a new route to extract oil from the Coveñas Caño Limon field (CCL) to Coveñas port.

Frontera Energy (TSE: FEC) announced its plans for 2018 in Colombia. The company aims to strengthen its presence in the country.