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Long Form Reports

Prices are up but so are costs

Prices are up but so are costs

We updated our Netback charts based on 1Q21 results from major Colombia-focused publicly-traded E&P companies. This time we introduce a new chart showing how Production & Transport Costs vary with Average Realized Oil Prices.

Monday, June 14th, 2021
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Autobots

New oilfield technologies could have political consequences if they upset the delicate balance between companies and communities.

Monday, June 7th, 2021
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The Third Wave

The Third Wave

We are updating our Covid-19 graphs for those who are not doing their own tracking but there will not be much commentary as the charts, unfortunately, speak for themselves.

Monday, May 31st, 2021
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Losing the sovereign

Colombia has not had a monarch since the first decades of the 19th century, but this week S&P lowered the country’s sovereign debt rating from investment grade to junk. This has serious implications for the county and the industry.

Monday, May 24th, 2021
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Why Cenit won’t be sold…

Why Cenit won’t be sold…

… and even if it is sold, why it won’t have the transformative impact it could.

Sunday, May 16th, 2021
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Blockaded

I was not planning to write about this, assuming that, like tax reform, by the time that anything was published life would have moved on. But then my 94-year-old mother called, upset because CBC News had shown her the violence and looting in Bogotá and she was worried. I realized board members and major investors might also be upset and worried.

Monday, May 10th, 2021
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Few positive oil production stories from 2020

Few positive oil production stories from 2020

We did a partial update of our production by field database and this week we publish some illustrative charts. No surprise really, but it is hard to find a silver lining in the clouds of 2020 although companies are upbeat about Capex in 2021 with oil prices rising.

Monday, May 3rd, 2021
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Tax Reform…Maybe

I have been reluctant to write this because so much seems up in the air but at the same time, the most important political issue affecting Colombian business today is the government’s proposed tax reform.

Monday, April 26th, 2021
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Why does the CREG think we need more gas imports?

Why does the CREG think we need more gas imports?

Because the MinEnergia research institute (UPME) thinks we need more gas imports. We thought our readers might appreciate seeing some of the UPME’s graphs that, in their professional opinion, mean that another re-gasification plant is necessary. The source for all these graphs is the UPME. All we have done is translate the labels and titles – and provide commentary.

Monday, April 19th, 2021
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You can checkout any time you want but you can never leave

Colombia’s export and investment promotion agency, ProColombia, launched a new campaign last week, “Colombia, The Most Welcoming Place in the World”. Also last week, Glencore was told by the National Mining Agency (ANM) that it could not leave.

Monday, April 12th, 2021
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