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Canacol Energy (TSX:CNE) says that the first of three gas exploration wells, Palmer 1, has tested 14.4mmcpd, or 2,732boed, of dry gas.

After 30 hours of continuous negotiations and on the eve of the deadline, Ecopetrol (NYSE:EC) and its main workers union USO reached a collective bargaining agreement that will run from 2014-2018. The agreement came in the midst of threats of a union wide strike, and concedes a study group to limit the outsourcing of workers.

Ecopetrol (NYSE:EC) shipped proportionally less crude to the US than at any time in the last three-and-a-half years. Europe continues to increase in importance to the NOC.

After a delay of at least a year for the sale of the 57.6% share that the government has in electrical energy generator Isagén, the idea of floating more of its control of Ecopetrol (NYSE:EC) on the public market to pay for infrastructure investments has resurfaced.

Ecopetrol’s (NYSE:EC) Chichimene field has reached a new production record of 66,029bd, and the firm expects water injection and secondary recovery programs to grow that number to 100,000bd by the end of 2015.

Pacific Rubiales Energy (TSX:PRE) said that its second quarter 2014 total production grew 17% year-over-year to reach a new record, as the firm added more barrels of light oil and tripled profits, when compared to last year. Company executives also assured that its dependence on Rubiales has fallen as other fields and sources kick in.

Ecopetrol (NYSE:EC) says that contracts managed by the firm in the first half of 2014 reached CoP$10T (US$5.22B), putting it in line with contracting during 2013, when the NOC’s total contract pool valued COP$20B. The NOC said that 92% was performed with national suppliers.

Ecopetrol (NYSE:EC) was responsible for more than half of the research and development projects certified by state innovation and research agency Colciencias to obtain tax benefits in 2013.

Gran Tierra Energy (TSX:GTE) say its overall production fall by 8% sequentially and 9% yearly to reach 20,121boed in the second quarter of 2014, after a protracted sales cycle for a new customer and pipeline disruptions in Colombia accounted for a drop of 1,293boed.

Parex Resources (TSX:PXT) continues to grow its production organically and through acquisitions, and in the second quarter of 2014 posted an 8% increase sequentially and 29% increase year-over-year to reach 19,876bd.