News and AnalysIs for

The oil and gas sector has announced its investment plans for this year, focusing mainly on natural gas.

GeoPark Limited (NYSE: GPRK) announced its independent oil and gas reserves assessment, certified by DeGolyer and MacNaughton Corp. (D&M), under PRMS methodology, as of December 31, 2022.

The Ministry of Science, Technology, and Innovation (MinCiencias) granted recognition to Terpel’s Technology and Innovation Center.

Parex Resources Inc. (TSX: PXT) announced the results of its annual independent reserves assessment as of December 31, 2022, and provided a corporate update.

Frontera Energy Corporation (TSX: FEC) announced its full year 2023 capital and production guidance and its estimated fourth quarter and 2022 full year average daily production.

Gran Tierra Energy Inc. (TSX: GTE) announced its 2022 year-end reserves as evaluated by the Company’s independent qualified reserves evaluator, McDaniel & Associates Consultants Ltd. (McDaniel).

Frontera Energy (TSE: FEC)  and Geopark (NYSE: GPRK) were included in the 2023 Bloomberg Gender Equality Index (GEI).

We do not get into financial analysis of individual companies nor are we your source for stock market advice. But we do keep track of how Colombia-focused stocks as a group are doing relative to global indexes because we believe this reflects government policy not individual performance. And we watch what is happening with Ecopetrol (NYSE:ECP) because, although individual performance plays a role, much movement reflects how its principal owner, the Colombian government, views the industry.

Josu Jon Imaz, CEO of Repsol, spoke about Europe’s mistakes in the energy transition process and the lessons Latin America can take away.

Canacol Energy Ltd. (TSX: CNE) announced three gas discoveries in Colombia.