News and AnalysIs for

Canacol Energy Ltd. (TSX: CNE) announced positive results in its exploration program during this year. In addition, the company provided updates on its 2018 drilling program.

Entrepreneurs and politicians from the Caribbean coast, such as Joseph Daccarett and César Lorduy, criticized Resolution 40646 of the Ministry of Mines and Energy (MinMinas) regarding last week’s emergency in Cusiana and Capiagua. However, the problem has been resolved.

BP recently published its annual statistical summary of the global energy market and we thought it might be interesting to look at a few selected charts. The focus was country-by-country comparisons and, by looking at energy consumption broadly, we chose some variables that might be a bit different.

The Ministry of Mines and Energy (MinMinas) spoke about the accident that could leave the municipalities of Cundinamarca, Bogotá and Boyacá without natural gas supply.

Naturgas analyzed the production forecasts for 2018-2027 published by the Ministry of Mines and Energy (MinMinas). Orlando Cabrales, President of Naturgas, spoke about the sector’s future and the results of this analysis.

The Ministry of Mines and Energy (MinMinas) reported gas production figures for April 2018. Gas has been showing a recovery compared to figures of last year.

German Arce, Minister of Mines and Energy (MinMinas), wrote an article about the goals and plans of the government in the oil sector in the newspaper El Espectador. He highlighted the relevance of the Caribbean region for the future of the sector.

Higher oil prices have knocked gas off its perch as Colombia’s most profitable hydrocarbon, at least on a netback basis. We update our charts with the results of 1Q18 and comment about what this shift might mean.

The Colombian Association of Natural Gas (Naturgas) made an analysis on the situation of key metrics of the gas sector such as production, self-sufficiency and capacity. The association called for more collaboration from Colombian authorities to boost the development of the industry.

Bogotá’s transport system, TransMilenio, will renew many of its buses and the local Council suggested giving additional points to proposals that offer technologies that have zero emissions of polluting gases.