When you talk to those in the industry, they are generally upbeat about how things are going in both the short and medium term. Unless you are Ocensa. Then things are going badly. Very badly. Horribly in fact. At least, that is what it tells the regulator.
We might not always agree with the government’s Mining and Energy Planning Unit (UPME) but it is the authoritative source of long-term production forecasts. Recently it updated its production scenarios through 2038.
Gran Tierra Energy (TSX: GTE) announced an operational update for the second quarter of this year, to date. The company highlighted advances in the Acordionero field and positive results in Colombia’s most recent oil round.
The Extractive Industries Transparency Initiative (EITI), a global standard that promotes the open and responsible management of oil, gas and mineral resources worldwide, gave an award to the Colombian extractive sector.
The NOC reported better production and local hiring metrics in the departments of Casanare and Meta. Here are the details.