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Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.

PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed

Frontera Energy this week suspended operations at a site in Casanare in response to violence, intimidation, and threats.

Frontera Energy plans to drill between 40 to 50 wells in the first quarter of 2018.

The growth was aided by a good fourth quarter that saw production rise 26% compared to the fourth quarter of 2016.

Despite the year-over-year drop, the actual output did exceed Ministry of Mines and Energy's estimate of 840,000 barrels of oil per day.

The abduction reportedly occurred around 7:30 am on the day that the UN head arrived in Colombia to discuss the nation’s peace process.

President Santos recalled the nation's peace negotiator from Ecuador and told the military to "act with force and respond to this ELN aggression."

The Canadian oil company's operations in the country are now held by the Colombian branch of Meta Petroleum Corporation, a wholly owned subsidiary.