News and AnalysIs for

Pacific Energy (TSX:PEN) is closing 2016 in much better shape than it started, and following its nearly yearlong process of crisis and restructuring, is valued at just over US$2B based on current market figures. But investors are still wary of the firm’s shares.

Now a larger problem than attacks on pipelines or facilities, the illegal drug and mining trade and groups linked to the ELN guerrilla which steal crude using illegal valves has become one of Ecopetrol’s (NYSE:EC) primary concerns, and the activity also damages the ecosystem.

With the recovery of oil prices, GeoPark (NYSE:GPRK), which has been in the country for four years, has positive prospects for 2017.

Oxy (NYSE:OXY) has restarted production at the Caño Limon field after halting the operation for more than a week following an escalation of attacks on the Coveñas/Caño Limon pipeline by the ELN guerrilla.

Juan Carlos Echeverry, Ecopetrol’s (NYSE:EC) current president apologized for the Reficar and Bioenergy cases.

A spill registered at the Rubiales field forced Ecopetrol (NYSE:EC) to activate its contingency plan and caught the attention of national environmental authorities.

The ANH finally updated the field-level production results for 3Q16 which allowed us to update our database and produce these two charts. Some surprises perhaps, and some changes in ‘league positions’.

Ecopetrol’s export distribution remains virtually unchanged from 2Q16 and has been essentially stable throughout 2016.

Still dealing with stubborn opposition for trying to bring legitimate economic activity to the same time-zone as Caño Cristales and some of the country’s best coca-growing areas, Hocol released a statement to the press on its project in San Juan de Arama.

The Heavy Crude Pipeline of Ecuador (OCP Ecuador) recently announced it has moved 10mmbl of Colombian crude, as the pipeline benefits from production in Putumayo. But the firm’s president Andrés Mendizábal explains its current volumes are well short of its original goals.