News and AnalysIs for

Venezuela, one of the countries with the highest oil reserves in the world, currently produces less oil than Colombia. This is why.

The fall in oil prices due to the Covid-19 pandemic has started discussions about the industry’s future. This is what experts had to say.

The Ministry of Mines and Energy (MinEnergia) reported oil production figures for May 2020.

Parex resources (TSX: PXT) announced a business update, highlighting stronger realized pricing.

The lastest update of the ANH’s daily production chart appears to be from the end of May and since we haven’t yet seen May production data this is the best we have.

Ecopetrol (NYSE: EC) announced measures to reactivate drilling in Casanare.

Recently we had made comments about the government not publishing production numbers and the virtual ink was barely dry (virtually) when updates started to appear. The most important update is this chart on the ANH website.

These are the fields that reported a production drop during April 2020, according to the Ministry of Mines and Energy (MinEnergia).

The ANH recently started publishing daily production numbers on a subsidiary website. The result allows us to tell the tale of Covid-19 and the Russia/Saudi Arabia price war in a simple graph.

Actually, the time to shut-in fields (and at  home) came at least a month ago but we thought we would look at trying to estimate what the impact might be on Colombian production.