News and AnalysIs for

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).

Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the fourth quarter and year-ended 2017. The company highlighted that its production increased, that it showed strong financial metrics and continued its strategy to focus on Colombia.

Ecopetrol (NYSE: EC) announced its fourth quarter and full-year 2017 results. The firm highlighted that net income was the highest of the past four years. The NOC’s reported margins are at their highest in the past two years.