Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended September 30, 2018. The company reported a record average quarterly Colombia production and the firm continues to demonstrate strong financial performance.
Ecopetrol’s (NYSE:EC) Vice president of Production and Development, Héctor Manosalva, spoke about the fracking pilot project that was recently announced by CEO Felipe Bayón.
The oil sector continues to face legal and social uncertainty in Colombia. A ‘judicial battle’ between Ecopetrol (NYSE: EC) and people of Tauramena started several years ago due to the result of an anti-oil referendum, and it seems like this process continues, despite a recent court decision in favor of the NOC.
The union shared the results of the meeting between it and OXY Andina’s contractor firm, Tecnicoriente Well Services and Generation S.A.S.
We usually update our oil price graphs at the beginning of October but we had other things we thought were more timely. However, by publishing at the end of the month, we captured the slide that has taken place. Trick or treat? Boo!
The government policy topic of the quarter for oil producing countries is economic diversification. The IEA says they cannot count on oil revenues and so need to find new sources relatively quickly. Colombia is not an ‘oil country’ but the same debate runs here.
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