News and AnalysIs for

Ecopetrol (NYSE: EC) gave details about the Akacías field in Meta, but will social issues be an obstacle for its development?

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for April 2018. The good trend continues although the industry reported one rig less compared to previous month.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2018. Average production increased, and the firm reported a positive net income during this quarter. CNE also announced management’s goals for 2018.

Political and economic problems in South American countries are leaving a gap in oil exports to the United States that Colombia is levering. Experts talked about this situation, as well as of opportunities for the country.

Frontera Energy (TSX: FEC) announced its financial and operating results for 1Q2018. The company reported advances in its drilling program with excellent results and production increased during 1Q18 compared to the previous quarter.

Finally, the ANH published detailed, field-level results for 4Q17 so we can do our quarterly ‘Winners and Losers’ analysis. As always there was much individual variation, but winners tended to be larger than losers, hence our title.

Despite political and social problems, Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) remain firm in their decision to bet on Colombia’s potential.

The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) analyzed the industry’s results for last year.

Geopark Limited (NYSE: GPRK) announced its financial results for the first quarter 2018. The company reported production gains in its consolidated operation and in Colombia. The country keeps increasing its participation in this key metric.