Gasoline prices have been controversial due to the lack of credibility in the ‘magic formula’ to establish them. The association Coomultiport made a complaint about a possible increase in prices in border areas.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended December 30, 2018. Gas production, sales and funds from operations increased. Charle Gamba, CEO of CNE, talked about the company plans for 2019.
Industry Associations took the stage of the ‘Colombia Genera’ (literally: Colombia Produces) forum, to have a fact-based conversation about fracking.
Ecopetrol (NYSE: EC) has several projects to develop in the country this year and pilot fracking projects are key to the firm. The NOC announced its plan on this issue.
The National Federation of Fuel and Energy Distributors (Fendipetroleo) hosted a press conference. HCC attended the event.
The publicly-traded Colombia-focused E&P companies have reported so we can publish our industry-wide netback estimates. Lower oil prices naturally had a negative impact on 4Q18 netbacks but, overall, 2018 was a good year.
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