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Geopark production grows in Q3

Geopark production grows in Q3

Geopark (NYSE:EC) said that both its oil and gas production has risen in the third quarter of 2016, which grew revenues 8% compared to the prior quarter, but its operation still resulted in a loss for the period.

Tuesday, November 22nd, 2016
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Colombians facing a “trilemma” regarding oil, says Echeverry

The president of Ecopetrol (NYSE:EC) Juan Carlos Echeverry said that Colombians are facing a “trilemma” and must decide whether to leave oil in the subsoil or convert it into resources which can be used for well-being and peace.

Monday, November 21st, 2016
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Ecopetrol profits shrink on higher taxes

Ecopetrol profits shrink on higher taxes

Ecopetrol (NYSE:EC) third quarter 2016 oil and gas production showed a slight dip causing revenues to fall, and the firm said higher taxes cut into its profit. The firm expects to counteract falling production by new drilling, and has its sights set on exploration for 2017.

Thursday, November 17th, 2016
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Canacol production up, but falls into the red

Canacol production up, but falls into the red

Canacol Energy (TSX:CNE) said that it hit record production and revenues not seen since before the fall of oil prices, but relinquished fields combined for a non-cash impairment charge which brought its first quarterly loss in 2016.

Wednesday, November 16th, 2016
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Ecopetrol reports rash of theft in Casanare

Ecopetrol (NYSE:EC) has reported a considerable rise in robberies from its installations and oil infrastructure in Casanare, including the theft of cables, batteries, piping and metallic items, with the incident count up by 200% in 2016.

Tuesday, November 15th, 2016
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Boyacá community rejects M&P seismic work again

A public hearing in the Pesca Municipality of Boyacá for a seismic campaign by Maurel & Prom has again received strong community resistance after local leaders and environmentalists allege it would lead to a drought.

Tuesday, November 15th, 2016
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Pacific moves forward

Pacific moves forward

Pacific Energy (TSX:PEN) posted its third quarter 2016 earnings, the first since its restructuring and the handover of the Rubiales field, showing production of 75,096boed after royalties. The firm highlighted its strategic changes which will mean a focus only on Colombia and Peru.

Tuesday, November 15th, 2016
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ECP launching secondary recovery pilot project in Chichimene

Ecopetrol (NYSE:EC) will apply a polymer flooding technique developed by its Colombian Petroleum Institute (ICP) to the Chichimene field in Meta, to improve the extraction of heavy crude and increase its secondary recovery rate.

Monday, November 14th, 2016
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USO, ECP conflict heats up

The USO accused Ecopetrol (NYSE:EC) of relying on the police to repress union members and force it to accept management’s agenda to leave the current collective bargaining agreement without changes.

Monday, November 14th, 2016
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Canacol, Promigas agree to expand pipeline capacity

Canacol Energy (TSX:CNE) has announced a new agreement with gas distributor Promigas to expand its existing gas distribution network and add 100mmcfd to its current agreement.

Monday, November 14th, 2016
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