News and AnalysIs for

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months and year ended 2017. Average production increased in 2017, but it decreased in 4Q17. The firm reported a net loss during last year due mainly to non-cash asset impairment charges.

Ecopetrol (NYSE: ECP) announced its plans for the period 2018-2020 period in the congress of the Colombian Natural Gas Association (Naturgas).

CEO Felipe Bayón spoke about the NOC’s contingency plan to face the environmental emergency that took place in Barrancabermeja, after an accident in the Lizama well.

Ecopetrol (NYSE:EC) is unique among Colombia-focused operators for many reasons but one is that it is the country’s only integrated oil company, lacking just retail distribution for it to cover the entire value chain. Luckily, the NOC publishes results by Line of Business (LoB) that allow us to understand what is happening below the top-line.

The Ministry of Environment (MinAmbiente) announced that it is finalizing the rules for the development of this technique in Colombia.

The NOC is working on improved recovery programs to continue increasing its proven reserves.

Ecopetrol (NYSE: ECP) announced an oil discovery in its CPO-09 block, in the municipality of Guamal (Meta). The NOC has a 55% stake in the project and its partner, Talisman Colombia Oil & Gas, (Repsol) has the remaining working interest.

Felipe Bayón, CEO of Ecopetrol (NYSE: ECP), spoke about the company’s recent oil discoveries, their relevance and the firm’s plans for this year.

Ecopetrol (NYSE: EC) announced its fourth quarter and full-year 2017 results. The firm highlighted that net income was the highest of the past four years. The NOC’s reported margins are at their highest in the past two years.

Minister of Mines and Energy (MinMinas), Germán Arce, spoke about terrorist attacks on Coveñas-Caño Limon (CCL), acts of vandalism against Ecopetrol’s (NYSE: EC) infrastructure, and the controversies surrounding unconventional projects.