News and AnalysIs for

The National Hydrocarbons Agency (ANH) plans to offer new oil blocks to boost the oil exploration and production in the country. The agency has been working on this program for several years. The government’s hopes are in some basins and the next Minister of Energy and Mines (MinMinas) will play a key role in this process.

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

About a month ago, one of the country’s leading business newspapers, published an article on Ecopetrol’s (NYSE:EC) results with the brilliant title “Ecopetrol does not give up its position as the leader in hydrocarbons”. Considering that the NOC produces ten times what the next company does this does not show a lot of insightful analysis on the part of the headline writer.

Oil production in Colombia showed stable performance throughout 2017, but how have the main producing regions in the country fared? The National Hydrocarbons Agency (ANH) reported 4Q17 figures and we updated our database to analyze the top producing departments.

Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? The National Hydrocarbons Agency (ANH) recently reported 4Q17 figures per field and we updated our database to analyze oil companies’ production metrics.

The Colombian oil sector is experiencing times of great uncertainty, due to the presidential elections and the boom in the anti-oil referendums. This situation could affect the development of several agreements between the government and oil companies, especially the Exploration and Production (E&P) contracts. We will analyze the production that is at stake due to this situation.

The Ministry of Mines and Energy (MinMinas) reported gas production figures for April 2018. Gas has been showing a recovery compared to figures of last year.

German Arce, Minister of Mines and Energy (MinMinas), wrote an article about the goals and plans of the government in the oil sector in the newspaper El Espectador. He highlighted the relevance of the Caribbean region for the future of the sector.

Higher oil prices have knocked gas off its perch as Colombia’s most profitable hydrocarbon, at least on a netback basis. We update our charts with the results of 1Q18 and comment about what this shift might mean.

The Colombian Association of Natural Gas (Naturgas) made an analysis on the situation of key metrics of the gas sector such as production, self-sufficiency and capacity. The association called for more collaboration from Colombian authorities to boost the development of the industry.