Interoil Releases 3Q:22 Details
(Interoil, 29.Nov.2022) — In July 2022 Interoil Exploration and Production ASA successfully closed its share offering. The final number of shares that were subscribed and issued in the Share Issue...
Energy Analytics Institute’s NRGBriefs: November 2022
(Energy Analytics Institute, 29.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led...
Fitch Ratings Maintains Ecopetrol’s Rating at BB+, with a Stable Outlook
(Ecopetrol, 18.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings maintained the company's credit rating at "BB+", with a stable outlook, and the company's individual credit...
Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants
(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding to seven qualified charitable organizations...
Ecopetrol Announces Creation of Ecopetrol US Trading LLC
(Ecopetrol, 16.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has completed the formal process for establishing a new subsidiary, Ecopetrol US Trading LLC, domiciled in Delaware, USA. The main focus of the...
Frontera to Host Investor Open House on 15 Nov. 2022
(Frontera, 15.Nov.2022) — Frontera Energy Corporation (TSX: FEC) will host an Investor Open House for analysts, investors, shareholders and bondholders today from 9:30 a.m. to 5:00 p.m. Col time, Frontera at its office...
Ecopetrol S.A.’s 3Q:22 Earnings Call Transcript
(Seeking Alpha, 9.Nov.2022) — Ecopetrol S.A.’s (NYSE:EC) third quarter of 2022 earnings conference call on 9 November 2022 follows including the question & answer session with analysts. Company Participants Felipe...
![Ecopetrol Reports Strong 3Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/02/bayon-felipe-ecopetrol-colombia-latamnrg-768x407.jpg)
Ecopetrol Reports Strong 3Q:22 Results [PDF Downloads]
(Ecopetrol, 8.Nov.2022) — Ecopetrol Group figures for September 2022 undoubtedly indicate an outstanding operating and commercial performance that supports our historical financial results. During the first nine months of 2022,...
Colombia Congress Passes Petro Tax Hikes on Oil and the Rich
(Bloomberg, 3.Nov.2022) — Colombia’s president Gustavo Petro chalked up his first big victory in congress with the approval of ambitious tax rises on fossil fuels and the rich. Lawmakers passed...
Ecopetrol’s Board of Directors Appointment
(Ecopetrol, 24.Oct.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that at the extraordinary General Shareholder's Meeting held on 24 October 2022, its Board of Directors was appointed as follows: Non-Independent Representatives: Mónica...
Interoil Releases Sep. 2022 Production Report (Argentina / Colombia)
(InterOil, 14.Oct.2022) — In September 2022, the average daily operated production from fields in Argentina and Colombia combined increased by 32 boepd representing one percent against the month of August....
Ecopetrol and Citgo Transaction to Offset Carbon
(Citgo, 10.Oct.2022) — A carbon compensated crude oil cargo sold by Ecopetrol and purchased by Citgo Petroleum Corporation is currently making its way to the Citgo Corpus Christi refinery for...
Ecopetrol’s Extraordinary General Shareholder’s Meeting (24 Oct. 2022)
(Ecopetrol, 7.Oct.2022) — The Chief Executive Officer of Ecopetrol S.A. invites the Shareholders of the Company to attend the Extraordinary General Shareholders' Meeting to be held on Monday 24 October...
Ecopetrol Presents Second Report on Climate Change Management
(Ecopetrol, 23.Sep.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions...
Colombia’s July Oil Output Rose 2.3%
(ArabNews, 21.Sep.2022) — Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor fears it could lead to...
GoldMining Extends Mineralization At La Mina Project, Colombia
(GoldMining Inc., 13.Sep.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced additional assay results from its recently completed five hole 3,485 metre (m) drilling program on the La Garrucha...
Interoil’s August 2022 Production Report
(Interoil, 12.Sep.2022) — In August 2022, the average daily operated production from fields in Argentina and Colombia combined decreased by 48 boepd representing a decline of less than two percent...
Colombia Government, Civil Society Talk Energy Transition
(Fossil Fuel Treaty.Org, 6.Sep.2022) — A unique and historic breakthrough is happening in Colombia where local and international experts, national government, and civil society are coming to the table to...
Energy Analytics Institute’s NRGBriefs: August 2022
(Energy Analytics Institute, 31.Aug.2022) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in...
Houston American Energy Provides Update on Operations in Colombia
(Houston American Energy, 30.Aug.2022) — Houston American Energy Corp. (NYSE American: HUSA) today provided an update with respect to 2022 operations and near term plans on the CPO-11 Block in...
Moody’s Affirms Ecopetrol’s Investment Grade Ratings
(Energy Analytics Institute, 25.Aug.2022) — Moody's Investors Service affirmed Ecopetrol S.A.'s (BVC: ECOPETROL; NYSE: EC) global credit rating at Baa3 with a negative outlook and downgraded its individual rating (BCA)...
Gran Tierra Energy Reveals New $150mn Credit Facility
(Gran Tierra, 18.Aug.2022) — Gran Tierra Energy Inc. (NYSE:GTE) (TSX:GTE) (LSE:GTE) announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered...
Ecopetrol Inks Electric Energy Commercialization Deal with Gecelca S.A. E.S.P.
(Ecopetrol, 16.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) hereby informs that, on the occasion of its withdrawal from the electric energy commercialization activities, derived from the acquisition of 51.4% of the...
Ecopetrol Says Colombia Should Pare Back Planned Export Tax
(Bloomberg, 12.Aug.2022) — Colombia’s state-controlled oil producer Ecopetrol SA is proposing to dilute a planned oil export tax that is a major part of President Gustavo Petro’s economic program. Ecopetrol...
Colombia Forecasts 2022 Trade with Venezuela Could Hit $1.2 Billion
(Reuters, 12.Aug.2022) — Colombia's trade with Venezuela could hit $1.2 billion this year, its commerce minister German Umana said on Friday, after the country's new President Gustavo Petro pledged to...
Shell and Ecopetrol Confirm Gas Province with Gorgon-2 Well
(Ecopetrol, 10.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that the Gorgon-2 well proved the presence of gas in ultra-deep waters in the southern Colombian Caribbean, confirming the importance of this...
Frontera Reveals Preliminary Results of Substantial Issuer Bid
(Frontera, 9.Aug.2022) — Frontera Energy Corporation (TSX: FEC) announces the preliminary results of its substantial issuer bid pursuant to which the company offered to purchase from shareholders for cancellation up...
NRGBriefs: Petro’s Mines and Energy Minister
(Energy Analytics Institute, 8.Aug.2022) — Energy briefs including the naming of Irene Vélez Torres to serve as Colombia’s new Minister of Mines and Energy under the country’s new President Gustavo...
NRGBriefs: NGC and NewGen; Ecopetrol on Uchuva-1 and Gorgon-2
(Energy Analytics Institute, 5.Aug.2022) — Energy briefs including The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited deepened their partnership to cooperate on the enabling...
![Ecopetrol Group Announces 2Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/10/ecopetrol_felipe_bayon_eh_jpg.jpg)
Ecopetrol Group Announces 2Q:22 Results [PDF Downloads]
(Ecopetrol, 4.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group's financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial...
NRGBriefs: Petrobras on CVM; Morgan Stanley on Ecopetrol; GtE Guyana
(Energy Analytics Institute, 4.Aug.2022) — Energy briefs including Petrobras receiving an official letter from the Securities and Exchange Commission of Brazil (CVM) answering questions sent by the company's management concerning...
Ecopetrol Reports 2Q:22 Results [PDF Downloads]
(Ecopetrol, 3.Aug.2022) — The Ecopetrol Group's figures for the period ending June 2022 mark a new historical milestone for the company, having achieved the best quarterly and half-yearly financial results...
![NRGBriefs: Ecopetrol Virtual Press Event [Video w/ Felipe Bayón Pardo]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/guyana-hess-gte-project-768x336.jpg)
NRGBriefs: Ecopetrol Virtual Press Event [Video w/ Felipe Bayón Pardo]
(Energy Analytics Institute, 3.Aug.2022) — Energy briefs including Colombia’s state-owned oil company Ecopetrol holding a virtual press event. LATIN AMERICA AND THE CARIBBEAN Colombia -- Ecopetrol hosted a virtual press...
Colombia Must Meet International Deforestation Targets
(Reuters, 3.Aug.2022) — Colombia must base its conservation targets on international agreements that push for annual deforestation of 100,000 hectares or less by 2025, incoming Environment Minister Susana Muhamad said on...
Colombian Oil, Gas Loom Big
(Odessa American, 31.Jul.2022) — As the United States' fourth-leading oil importer behind Canada, Mexico and Saudi Arabia, Colombia will keep growing in importance as major American oil and natural gas...
Petrobras on Gas Find Offshore Colombia with Ecopetrol
(Petrobras, 29.Jul.2022) — Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off the coast and 76 kilometers...
Ecopetrol and Petrobras Announce Find at Uchuva-1 Gas Well
(Energy Analytics Institute, 29.Jul.2022) — Colombia’s state-owned oil and gas producer Ecopetrol and its Brazilian counterpart Petrobras announced a natural gas find offshore Colombia’s Caribbean coast at the Uchuva-1 well....
Ecopetrol to Reveal 2Q:22 Results, Host Conference Calls
(Ecopetrol, 28.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Wednesday 3 August 2022, after market close, it will release its financial and operating results for the second quarter of...
![NRGBriefs: Hess’ Sustainability Report; Frontera Earnings [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/07/sustainability-reports-source-hess-768x432.jpg)
NRGBriefs: Hess’ Sustainability Report; Frontera Earnings [PDF Download]
(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including Hess Corporation (NYSE: HES) announcing publication of its annual sustainability report; and Frontera Energy Corporation (TSX: FEC) revealing that its 2Q:22 results will...
Frontera Extends Substantial Issuer Bid to 8 Aug.
(Frontera, 25.Jul.2022) — Frontera Energy Corporation (TSX: FEC) has extended the expiry time of its offer to purchase from shareholders up to $65mn (equivalent to US$50mn) of its outstanding common shares (the "Shares")...
NRGBriefs: Biden on Gas Prices, Ecopetrol VP Resignation; Train 1 Drama
(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including US President Joe Biden commenting on gas prices; Unit Corporation (OTC Pink: UNTC) reporting preliminary and unaudited selected financial and operational highlights...
Colombia’s Mines and Energy Minister Expects Good Results from Gorgon-2 Well
(Energy Analytics Institute, 20.Jul.2022) — Colombia’s Mines and Energy Minister Diego Mesa visited the Gorgon-2 exploration well offshore the South America country and boasted results to come. “We expect positive...
NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG
(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to...
NRGBriefs: Argentina’s Econ. Minister Resigns; Colombia’s New Environmental Minister
(Energy Analytics Institute, 2.Jul.2022) — Energy and economic briefs including Argentina’s Economic Minister Martín Guzmán resigning from his position on 2 July 2022, according to a letter he posted on...
S&P Confirms Ecopetrol’s Long-term International Rating
(S&P, 1.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL) (NYSE: EC) reports that the rating agency Standard & Poor's (S&P) confirmed Ecopetrol's long-term international rating at BB+, with a stable outlook, and...
In Colombia, Natural Gas Consumption Exceeding Production
(EIA, 27.Jun.2022) — In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand...
NRGBriefs: Canacol on Colombian Operations; Perfect Storm of Soaring Inflation
(Energy Analytics Institute, 25.Jun.2022) — Energy briefs including Canacol Energy Ltd. providing details about its operations in Colombia as well as its value proposition in the South American country [PDF...
Ecopetrol Updates on Partial Distribution of Occasional Reserve
(Ecopetrol, 21.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, at the Extraordinary General Shareholders' Meeting held on 17 June 2022, the company's Shareholders approved the modification of the:...
Canacol Energy Announces Dividend
(Canacol Energy, 20.Jun.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) announced that it has declared a dividend of CAD$.052 per share, payable on 15 July 2022, to shareholders of record...
The President Who Did Everything Right and Got No Thanks
(The Atlantic, 20.Jun.2022) — The perplexing part of Colombia’s electoral choice of a former leftist guerrilla over a right-wing populist is how unheralded the success of the outgoing moderate was....
Gustavo Petro, Former Guerrilla, will be Colombia’s First Leftist President
(Washington Post, 19.Jun.2022) — Gustavo Petro, a former rebel who rallied young and poor voters with promises to transform an unequal society, was elected Colombia’s first leftist president on Sunday,...
NRGBriefs: Colombia Elects Gustavo Petro; Ecuador’s Force Majeure
(Energy Analytics Institute, 19.Jun.2022) — Political and energy briefs including Colombians electing Gustavo Petro as the South American country’s next president from 2022-2026; Ecuador declaring Force Majeure along the country's...
Establishment of the Business Committee of the Ecopetrol BODs
(Ecopetrol, 13.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that, given the resignation of Juan Emilio Posada Echeverri from the Board of Directors of the company, the board, in its session on June 9,...
Analysis: Colombia’s Extractive Industries Watching Election Warily
(Reuters, 8.Jun.2022) — Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies...
Canacol Energy Provides May Gas Sales
(Canacol Energy, 3.Jun.2022) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) provided the following information concerning its May 2022 natural gas sales and the results of the Alboka 1 exploration well,...
NRGBriefs: SEOGS 2022; Cascadura Separators Ready for Shipment
(Energy Analytics Institute, 2.Jun.2022) — Energy briefs including the upcoming Suriname Energy, Oil & Gas Summit and Exhibition; and Touchstone Exploration preparing to receive the separators for the Cascadura facility...
Colombia Higher Court Rules Fracking Pilot Projects Can Go Ahead
(Reuters, 2.Jun.2022) — Investigative fracking operations in Colombia can go ahead after a court in the Andean country's Santander province on Thursday reversed a lower court's decision to block two...
Ecopetrol on Measures for its Extraordinary Shareholders’ Meeting
(Ecopetrol, 1.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendence of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol S.A....
Ecopetrol on Distribution of the Occasional Reserve
(Ecopetrol, 1.Jun.2022) — In connection with the convening of an Extraordinary Shareholders' Meeting of Ecopetrol S.A. requested by the majority shareholder (the Ministry of Finance and Public Credit of Colombia, or...
NRGBriefs: Petro and Hernández Lead Colombian Presidential Elections
(Energy Analytics Institute, 29.May.2022) — Energy and political briefs including initial results in Colombia showing Gustavo Petro and his running mate Francia Márquez Mina, representing the Pacto Histórico party, heading...
NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License
(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation's license to remain in Venezuela; and...
Houston American Energy Spuds First Exploration Well in Colombia
(Houston American Energy, 24.May.2022) — Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on...
Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia
(Sumitomo, 18.May.2022) — Sumitomo Corporation Andes S.A.S. (SCAN), a subsidiary of Sumitomo Corporation, together with Promigas, a leading energy distributor and transporter in South America, announced their intent to collaborate on...
NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s...
Frontera Announces Annual and Special Meeting Results
(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today. ELECTION OF DIRECTORS Shareholders elected each of the nominees...
Frontera Releases Sustainability Report
(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) released its 2021 Sustainability Report, announced its 2022 environmental, social and governance (ESG) targets and reaffirmed its commitment to continue to develop and...
NG Energy Receives Initial Prepayment from the María Conchita Block
(NG Energy, 18.May.2022) — NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) received an initial advance payment for the first 15 days of production from the María Conchita block. Energy Transitions S.A.S...
NRGBriefs: YPF Reports Strong 1Q:22 Results; Ecopetrol Growth
(Energy Analytics Institute, 11.May.2022) — Energy briefs including Argentina’s state-owned YPF delivering strong results during the 1Q:22 and again achieving higher hydrocarbon production; Ecopetrol CEO Felipe Bayón saying the Colombian...
Aris Gold Says Marmato Lower Mine Progressed in 1Q:22
(Aris Gold, 11.May.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) reports financial and operating results for the three months ended 31 March 2022. All amounts are in US dollars, unless otherwise indicated....
Ecopetrol Group Reports 1Q:22 Results [PDF Download]
(Ecopetrol, 10.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group's financial results for the first quarter of 2022. Table 1: Financial Summary Income Statement –Ecopetrol Group Billion (COP)1Q 20221Q...
NRGBriefs: Colombia Boosts Reserves; Trinidad’s Young Talks Gas on CNN
(Energy Analytics Institute, 10.May.2022) — Energy briefs including Colombia’s National Hydrocarbon Agency (ANH) President Armando Zamora Reyes and Colombia’s Mines and Energy Minister Diego Mesa Puyo announcing during a joint...
Colombian Environmental Activists Deluged by Threats
(Al Jazeera, 9.May.2022) — Environmental activists Fabian Urquijo and Jhordan Peinado, who hail from Colombia’s Santander region, received an eerie warning in February. They were named in a pamphlet shared...
Colombia to Promote Foreign Investment Opportunities in NYC Event
(ProColombia, 6.May.2022) — Colombia InsideOut, the country's flagship event for the promotion of foreign investment abroad will be held next 10 and 11 May 2022, at the facilities of Citi's...
Ecopetrol says Fracking Could Boost Reserves by up to 15 Years
(Reuters, 5.May.2022) — The use of commercial fracking in Colombia could boost oil and gas reserves by between 12 and 15 years, majority state-owned oil producer Ecopetrol said on Thursday,...
Ecopetrol on Sanction Imposed by ANLA Related to Poliducto Andino
(Ecopetrol, 4.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Agencia Nacional de Licencias Ambientales (ANLA) notified on 3 May 2022 through Resolution 881 that Ecopetrol had been...