Amerisur Resources Plc (LON: AMER) announced asset acquisitions in the Caguan-Putumayo Basin. The blocks were bought from Pacific Energy E&P (TSX: PEN).
Pacific E&P (TSX: PEN) announced its financial statements for last year. The company reported a net production decrease and lower financial results, but the firm reported positive net income thanks to the restructuring.
The government and authorities have been working to boost offshore exploration in Colombia and the sector is ready to start activities this year. The companies have their plans ready; only some regulations are missing.
Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P, and now executives of both NOCs signed an agreement that allows the joint development of mature fields, enhanced recovery technologies and offshore exploration.
Ecopetrol (NYSE: EC) announced that it will distribute dividends to its shareholders this year. The company exceeded analysts’ estimates. The good results left the financial market calm despite the oil crisis.
Ecopetrol (NYSE: EC) made public its financial results for 2016. The company notes that it did well despite the difficult circumstances. The NOC exceeded its production target and presented positive financial results.
Ecopetrol (NYSE: EC) begins the year with several challenges to face and overcome. The company expects to start recovering after two difficult years. With an oil price above US$50, prospects are more optimistic.
The crude price fall caused large reductions in budgets and investments worldwide. Oil firms are beginning to recover from this period and so they are investing again. The increase in Ecopetrol’s investment budget is the highest in the world.
The enhanced oil recovery strategy to increase production in the country and fields profitability is being successful. Ecopetrol (NYSE: ECP) has announced that several projects are going well.
Gran tierra Energy (TSX: GTE) announced its financial and operating results 2016. The oil company highlighted the increase in production and successful strategic acquisitions in Ecopetrol 2016 bidding round in the Putumayo basin.
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