Last year was difficult for the sector because of the continued oil price decline. The industry had to adapt to this environment and learn to operate with the lowest price in 12 years.
Attorney General Nestor Humberto Martinez said that the first indictments for the Reficar case are ready. He called the ‘scandal’ “the biggest misappropriation of public funds in the history of Colombia.”
Ecopetrol (NYSE: EC) wants recover the ground lost by the oil crisis. To achieve this, the NOC has big plans around Colombia. The department of Huila will have several projects this year.
Canacol Energy Ltda (TSX: CNE) announced an agreement to a 50% farm-in with Pacific Exploration and Production (TSX: PEN) for a gas block near its other properties.
Ecopetrol (NYSE: EC) is focusing on offshore projects and so the company will develop several projects this year with partners. The NOC will be the operator in one of these.
Amerisur Resources Plc announced its results for 2016. The company financial results were negative, but prospects for this year are positive.
Canacol Energy Ltd. (TSX: CNE) is analyzing various strategies for its future. The company sees natural gas as an increasingly attractive option.
Vasconia is perhaps the most important Colombian benchmark – Castilla would be the other – but it is not, unfortunately followed as closely in public sources as Brent and WTI might be. Fortunately, we get insights from some companies’ financial results.
Juan Carlos Echeverry gave details on Trogón and Lorito 1; two of Ecopetrol’s (NYSE:EC) most controversial projects in Guamal’s community.
Ecopetrol (NYSE: EC) announced its operating strategy for this year. Unsurprisingly, the company wants to continue generating short-term profits for its shareholders.
2026, Hydrocarbons Colombia, All Rights Reserved.
