Canacol Energy (TSX: CNE) wants to be the main gas producer in Colombia, selling its oil blocks to achieve it. However, the company will maintain some areas with potential of unconventional resources. Charle Gamba, CEO of CNE, spoke about the firm’s plans in these projects.
Canacol Energy (TSX: CNE) announced its mid-year Reserves report with good results in blocks located in the Lower Magdalena Valley (VIM) Basin in Colombia. The firm highlighted that this is a result of its drilling program in the country.
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.
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.