The National Hydrocarbons Agency (ANH) announced the signing of new exploration and production contracts with Shell (LON: RDSB) in offshore areas of the Caribbean Sea. Representatives of the government and the company spoke on this important agreement.
Geopark Limited (NYSE: GPRK) announced its financial results for the fourth quarter and year ended 2018. The company reported record oil and gas production and Colombia keeps increasing its participation in this key metric, thanks to the Llanos 34 block. The firm reported excellent financial results.
Ecopetrol published its results this past week and CEO Felipe Bayón was rightly trumpeting the NOC’s earnings for their contribution to the nation’s coffers. But hidden in the results presentation was worsening margins in the Refining Line-of-Business (LoB).
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the fourth quarter and year ended 2018. The company reported a record average annual production and the firm continues to demonstrate strong financial performance.
The Colombian government, through the National Hydrocarbons Agency (ANH), wants to promote new oil projects around Colombia. The ANH is analyzing new exploration areas and this created a controversy due to the possible interest in developing oil activities in the Galilea Forest. The ANH ruled on this issue.
Gran Tierra Energy (TSX: GTE) announced new agreements to acquire strategic assets located in the Putumayo and Llanos basins in Colombia. The company is optimistic about the potential of these blocks and their benefits.