The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for October 2018. Crude increased compared to the same period of last year, and gas showed positive behavior as well.
The oil sector continues analyzing alternatives to solve concerns about the possible loss of energy self-sufficiency in the coming years. Offshore projects are positioned as a great option to increase oil and gas reserves in the medium and long term.
The First Oil and Gas summit: 100 years promoting the development of Colombia brought together important representatives of the oil sector and Colombian authorities talked about important issues for the industry. HCC was present at this event and we bring a brief summary of days 2 and 3.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended September 30, 2018. Average production increased, and the firm reported a positive net income during this quarter.
Geopark Limited (NYSE: GPRK) announced its financial results for the third quarter 2018. The company reported record oil and gas production and Colombia keeps increasing its participation in this key metric. The firm announced its 2019 work program and investment guidelines.
The new head of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, spoke about the entity’s plans for the coming years.
Parex (TSX: PXT) announced its financial and operating results for the third quarter of 2018. The firm reported oil production growth and good financial performance. Parex declined to update its potential strategic repositioning.
Francisco Lloreda, President of the Colombian Petroleum Association (ACP), wrote an Op-Ed about fracking.
Ecopetrol (NYSE: EC) announced its third quarter 2018 results. The NOC’s financial performance considerably increased compared to previous year, proving that the company is levering current oil prices. The firm highlighted good advances in its drilling campaign during this quarter.
CEO Felipe Bayón spoke about the NOC’s plans in the Middle Magdalena (Santander); an area with great potential.
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