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.
The oil sector has had a very hectic start of the year with many news and rumors. The industry was speculating about the possible sale of several of Frontera Energy’s assets (TSX: FEC) in Colombia. The company spoke on this issue and its plans in the country.
Colombia is analyzing the possibility to allow unconventional techniques such as fracking to increase oil and gas reserves. ConocoPhillips (NYSE: COP) and Canacol Energy (TSX: CNE) requested environmental licenses to develop fracking projects in the Country. The National Environmental Licensing Agency (ANLA) ruled on this issue.
The Mining and Energy Planning Unit (Upme) published the Indicative Propane Supply Plan for Colombia. Here are the details.
According to Fedesarrollo, the Venezuelan crisis is far from being over, but Colombia is closer to ending the legal distribution of gasoline and diesel in the department of La Guajira. The development of these and other stories in our periodic Security summary.
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