Oil prices fell in 3Q22 (you knew that) and so, as a consequence did netback. The good news is that margins have held largely constant this year, even up very slightly on average in the past quarter. As always we repeat the “EPA caveat” that individual company results may vary from this cross-industry comparison.
Lisandro Pérez, managing partner of Kearney Colombia, spoke about the energy transition and the role of natural gas in this process.
Naturgas and the Regional Association of Oil and Natural Gas Companies in Latin America and the Caribbean (Arpel) signed a memorandum of understanding. Here are the details.
Agremgas spoke about the social and environmental benefits of the use of this fuel in Colombia.
CEOs of the main companies in the sector met with the Acting President of the ANH, Andres Bitar, at the Fifth version of the Oil and Gas Summit, to discuss key issues for the industry.
Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), published its results for the third quarter of this year.
Frontera Energy (TSE: FEC) is focused on re-directing its operations in Colombia.
Parex Resources (TSX: PXT) was the victim of an attack in Tame, Arauca.
The lead graph shows our annualized data for the evolution of Ecopetrol’s Net Income by Line of Business (LoB). The NOC has only reported through 3Q22 but we do a simple straight-line projection to compare to prior years. Barring some unforeseen implosion, shareholders can expect a record year for earnings driven by the E&P business. These results could not have come at a better time.
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