The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the challenges and opportunities of the industry in Colombia and other Latin American countries.
Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended December 31, 2017 and its annual results for 2017. The company reported production gains in its consolidated operation and in Colombia. The country keeps increasing its participation in this key metric.
Canacol Energy Ltd. (TSX: CNE) announced its natural gas and crude oil reserves for 2017. The company reported positive results in key metrics like 1P reserves, Reserves Replacement Index (RRI) and Reserve Life Index (RLI).
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the fourth quarter and year-ended 2017. The company highlighted that its production increased, that it showed strong financial metrics and continued its strategy to focus on Colombia.
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.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures in the country for January 2018. Crude extraction decreased compared to the previous month, but this metric is above the government’s mid-term target.
Recently, Ecopetrol (NYSE:EC) got the public’s attention about the violence in southern Meta with a ‘gee whiz’ estimate of how much oil production was at risk. That got our Analyst thinking about production concentration and risk.