Geopark Limited (NYSE: GPRK) announced its financial results for the third quarter 2018. The company reported record oil and gas production and Colombia keeps increasing its participation in this key metric. The firm announced its 2019 work program and investment guidelines.
The new head of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, spoke about the entity’s plans for the coming years.
The oil sector has invested large amounts to improve its operations and be more efficient. The oil transport has not been left behind and the industry is betting on the technological improvements to achieve economic benefits.
Once again, the NOC showed the benefits of the industry in the country, this time by granting scholarships to Colombia’s best students. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Parex (TSX: PXT) announced its financial and operating results for the third quarter of 2018. The firm reported oil production growth and good financial performance. Parex declined to update its potential strategic repositioning.
The Colombian government is analyzing several options to generate extra cash in 2019. Alberto Carrasquilla, Minister of Finance (MinHacienda), is preparing a decree to leverage the good financial moment of the oil sector and increase Colombian fiscal resources.
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