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This represents a 1.6% increase over the production in May 2017 and a 0.1% increase from last month.

Canadian oil company Frontera Energy Corporation will split its stock this year, issues a two-for-one share split on June 26.

Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."

The failure of a massive, under-construction hydroelectric dam in Colombia has forced thousands of people to evacuate their homes.

“ISA's credit metrics reflect solid cash flow generation, moderate debt levels and adequate liquidity,” stated Fitch.

Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.

The 55-kilometer pipeline, with an 8-inch diameter, will span the distance from the town of Chinchiná in Caldas to Pereira.

Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.

Production was also up 4.1% over February of this year due to the reopening of several oilfields.

"It was difficult to determine what the risk was given the nature of the project we were trying to finance — a pipeline in the mountains," said Aquiles Mercado González.