Frontera Energy (TSX: FEC) announced its financial and operating results for the quarter and year ended 2017. The company reported good results in the last quarter of 2017, closing the year with strong financial performance.
This past week, ANH head Orlando Velandia reiterated 900 mbd as his 2018 target for crude oil production. Unfortunately, February production also came out this week and that was only 823 mbd. Recently, I came across an article we wrote just over a year ago (late January 2017) and we seem to be in exactly the same spot we were then.
The Colombian chamber of Petroleum Goods (Campetrol) presented a report on the performance of the oil and mining industry in 2017. The results are not very encouraging.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for February 2018. Crude decreased compared to the same period of last year, but gas showed a positive behavior.
Cartagena refinery (Reficar) announced its 2017 financial and operational results. The plant continues to consolidate its operations in the country, reporting excellent metrics.
Colombia’s Central Bank (Banrep) released final 4Q17 Foreign Direct Investment (FDI) figures for the country. This increased considerably in the sector compared to same period last year. Total FDI grew as well.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the challenges and opportunities of the industry in Colombia and other Latin American countries.
Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended December 31, 2017 and its annual results for 2017. The company reported production gains in its consolidated operation and in Colombia. The country keeps increasing its participation in this key metric.
Parex (TSX: PXT) announced its financial and operating results for the fourth quarter and full year ended 2017. The firm reported oil production and reserves growth.
Canacol Energy Ltd. (TSX: CNE) announced its natural gas and crude oil reserves for 2017. The company reported positive results in key metrics like 1P reserves, Reserves Replacement Index (RRI) and Reserve Life Index (RLI).
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