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Production

Oil transportation costs

Oil transportation costs

Delvasto & Echeverria Asociados conducted a study on the oil transport costs in the country. Results are not very encouraging, leaving the country in an uncompetitive position.

Wednesday, July 25th, 2018
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Challenges ahead

The fact that the National Hydrocarbons Agency (ANH) has not delivered any new blocks in the last four years, has the industry wondering.

 

Wednesday, July 25th, 2018
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ACP and ANDI join forces

ACP and ANDI join forces

The Colombian Petroleum Association (ACP) and the Chamber of large consumers associated with the National Entrepreneur’s Association (ANDI) announced plans to boost the natural gas industry in the country.

Tuesday, July 24th, 2018
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Campetrol talks industry development

According to Colombia’s Chamber of Petroleum Goods and Services (Campetrol), the lack of government support is negatively affecting the industry.

 

Tuesday, July 24th, 2018
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OPEC on Colombia production prospects

OPEC on Colombia production prospects

The Organization of Petroleum Exporting Countries (OPEC) reported on the oil sector in Latin America and Colombian results are not encouraging. The National Hydrocarbons Agency (ANH) disagrees with OPEC.

Thursday, July 19th, 2018
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Frontera vs CENIT

Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.

 

Tuesday, July 17th, 2018
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CCL working again

Activities at Coveñas Caño Limón (CCL) were suspended for 180 days due to ELN attacks and oil theft.

 

Tuesday, July 17th, 2018
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Production in June

Production in June

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for June 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier for second month in a row.

 

Monday, July 16th, 2018
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Geopark operational update

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2018 (“2Q2018”). The company reported good production performance and successful drilling activities in the Llanos 34 block during this quarter.

 

Monday, July 16th, 2018
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Offshore projects impact in economy

Offshore projects impact in economy

The Colombian government is making an important commitment to promote the development of offshore projects and take advantage of the Caribbean Sea potential. This has generated high expectations in the Caribbean region of the country, especially in the department of Atlántico. There, leaders are discussing about how to leverage these opportunities and their risks.

Thursday, July 12th, 2018
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