Financial results for 4Q17 are in and crude oil netbacks are up. Hardly surprising given the run up in oil prices, but it looks like not all the growth in Brent is passing through directly to operating profitability.
Since we started Hydrocarbons Colombia, we have reported on a number of good-sized scandals, ones that have lasted more than a couple of days. The latest is the escape of oil from the La Lizama well. This one could have more profound impacts on the industry than any previous media circus.
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.
With Brent at US$70 per barrel, the government is calling on the different oil companies operating in the country to make the investments they committed in 2012 and 2014’s oil rounds.
The Colombian government wants to be part of the Organization for Economic Cooperation and Development (OECD). Colombia undertook several changes and the government announced measures to achieve this goal.
The National Agency of Environmental Licenses (ANLA) spoke about the gaps that exist in the studies of China’s Emerald Energy to develop El Nogal block in the municipality of Morelia (Caquetá).
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