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GeoPark sees Colombia production grow 68% in 3Q14

GeoPark sees Colombia production grow 68% in 3Q14

Latin American oil and gas producer Geopark (NYSE:GPRK) saw its overall production grow 66% year-over-year to reach 21,548bd in its overall production, with a 68% increase in Colombia to reach 11,934bd.

Thursday, November 20th, 2014
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Ecopetrol unveils new water treatment plant in Meta

Ecopetrol unveils new water treatment plant in Meta

Ecopetrol (NYSE:EC) has inaugurated a new water treatment facilities in Acacías, Meta, which the NOC says will allow it to quickly increase production in the Castilla field by an additional 30,000bd.

Tuesday, November 18th, 2014
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Perenco reaches agreement with Aguazul community, will stay

Perenco said last week that it would shut down its operations in Aguazul after three months of blockades from the Tesoro Bubuy village. The action apparently was enough to bring the community to the table and lift the blockades, although talks still remain.

Wednesday, November 12th, 2014
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Ecopetrol reports CoP$13.27T in purchases in 2014 thus far

Ecopetrol reports CoP$13.27T in purchases in 2014 thus far

Ecopetrol (NYSE:EC) says that it has spent CoP$13.27T (US$6.27B) on goods and services during the first nine months of 2014, with 93% of that total going to suppliers based in Colombia.

Wednesday, November 12th, 2014
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Ecopetrol not likely to meet production targets

Ecopetrol (NYSE:EC) had set a production target of 819,000boed for 2014, but with its average after three quarters sitting at 754,800boed, the NOC will almost certainly fall short of its goal.

Wednesday, November 12th, 2014
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Parex keeps growing

Parex Resources (TSX:PXT) posted production and financial gains, growing production 27% sequentially, while revenues increased 24.9%.

Tuesday, November 11th, 2014
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Gran Tierra recovers from Q2 dip

Gran Tierra Energy (TSX:GTE) reported its third quarter earnings for 2014, and said that production and revenues had increased back above a dip experienced in the previous quarter. But considering its trend line over the last 7 quarters, its performance remains relatively flat, with oil prices and logistical issues on the OTA pipeline a recurring problem.

Thursday, November 6th, 2014
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PRE production, financial figures drop in Q3

PRE production, financial figures drop in Q3

Production for Colombia’s largest private oil operator Pacific Rubiales (TSX:PRE) dropped in the third quarter of 2014 compared to the previous quarter, as water disposal issues continue to affect its flagship Rubiales field. Management looked to focus on the opportunities for other fields and expectations for Mexico, while ensuring that it would stay in Rubiales and that production would grow.

Thursday, November 6th, 2014
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Ecopetrol clarifies Sismopetrol contract, will pay workers

The oil workers union USO has been banging their drums about an Ecopetrol seismic contractor Sismopetrol, who had closed operations and left workers unpaid. Now Ecopetrol (NYSE:EC) has clarified why the work had stopped, and said it will compensate the affected workers.

Wednesday, November 5th, 2014
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New TGI president says US$200M investment plan in the works

David Riaño assumed the role of president of Colombia’s main gas transporter TGI around a week ago, and has now announced an investment plan of US$200M to invest in three strategic projects that will expand the company’s capacity.

Wednesday, November 5th, 2014
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