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Royalty Summary: All eyes on the producers

The two largest hydrocarbons-producing departments, Meta and Casanare, get special attention from national and regional media regarding their share and use of royalty funds. Both have a number of what DNP calls ‘critical’ projects.

Tuesday, November 8th, 2016
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Industry must show benefits for the community

The Colombian Oil Engineer Association (ACIPET) said that focusing on the established resources and potential exploration projects must also include an effort to better inform communities and counter misinformation being given about oil activities.

Tuesday, November 8th, 2016
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GTE consolidates position in Q3

GTE consolidates position in Q3

Gran Tierra Energy (TSX:GTE) published its third quarter 2016 earnings, which saw the consolidation of its PetroLatina acquisition. A slipping realized oil price cut into its revenues while production stayed flat, but the firm is planning for organic growth with a three-year drilling program.

Tuesday, November 8th, 2016
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Mansarovar planning US$490M investment over next five years

Mansarovar Energy executive president Harvinderjit Singh has made a couple of rounds with Colombian press to highlight the future of the Indian/Chinese owned firm, and said it plans to invest US$490M into its Colombian operation.

Tuesday, November 8th, 2016
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Criticism on a lack of impact from royalty investments

The ongoing debate on the General Royalty System (SGR) and its upcoming budget has consolidated the primary criticism of the system: it fails to create any meaningful, large scale projects for Colombia’s region.

Monday, November 7th, 2016
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September gas production inches higher

GasColombia’s natural gas production in September 2016 grew 1% compared to August, to reach 992.1B BTU, with a 26.6% increase coming from the Cupiagua field, according to a study.

Monday, November 7th, 2016
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