LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 4.Oct.2024) — LatAm NRG highlights, headlines and "heard on the street," for the week ended 4 Oct. 2024. LATIN AMERICA —Argentina: Malaysian energy giant Petronas, which has...
Petrobras Says Uchuva-1/Uchuva-2 Gas Potential: 6 Tcf
(Energy Analytics Institute, 3.Oct.2024) — Petrobras, following up on the announcements issued on 29 Jul. 2022 and 5 Aug. 2024 on the extension of the gas discoveries in the Uchuva-1...
Ecopetrol Appoints Hurtado as Upstream VP
(Energy Analytics Institute, 1.Oct.2024) — Colombian state-owned Ecopetrol S.A. announced Juan Carlos Hurtado Parra as Vice President of the Upstream segment. The appointment has been made as part of the...
Frontera to Amend Substantial Issuer Bid
(Frontera, 25.Sep.2024) — Frontera Energy Corporation will amend its previously announced substantial issuer bid (the "Offer") to remove the preferential acceptance of "odd lot" tenders, which are tenders from holders...
Ecopetrol Changes Names of Offshore Projects
(Energy Analytics Institute, 24.Sep.2024) — Colombia’s state-owned Ecopetrol S.A., in compliance with the ruling issued by the Fourth Labor Court of the Santa Marta Circuit, announced it will no longer...
Ecopetrol, Petrobras Ordered to Halt Drilling Offshore Gas Well
(Bloomberg, 13.Sep.2024) — A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of a gas well in the nation’s Caribbean waters after an Indigenous community...
Ecopetrol Announces Settlement of its Global Notes due 2026
(Ecopetrol, 5.Sep.2024) — Ecopetrol S.A. announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5bn. This make...
Frontera Reveals $30mn Substantial Issuer Bid
(Frontera, 4.Sep.2024) — Frontera Energy Corporation announces that its board of directors has approved the commencement of a substantial issuer bid (the "Offer") pursuant to which the company will offer...
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the Board of Directors made the following appointments on 30 Aug. 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as...
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the company's Board of Directors, in the...
EAI’s NRGBriefs: Aug. 2024
(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target at the Uchuva-2 well offshore...
Interoil Exploitation Activity in Colombia
(Interoil, 30.Aug.2024) — Interoil Exploration and Production ASA’s Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), shall carry out a campaign aimed at improving substantially the current production from all...
Ecopetrol to Execute $250mn Loan Agreement with International Bank
(Ecopetrol, 21.Aug.2024) — Ecopetrol S.A. announces that the Ministry of Finance and Public Credit (MHCP) has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476...
GeoPark Reports Second Quarter 2024 Results
(GeoPark, 14.Aug.2024) — GeoPark Limited reports its consolidated financial results for the three-month period ended 30 June 2024 (“Second Quarter” or “2Q2024”). A conference call to discuss these financial results...
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) — During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso,...
Ecopetrol on Partial Redemption of $250mn Notes due 2026
(Ecopetrol, 7.Aug.2024) — Ecopetrol S.A. announces that, as part of its comprehensive debt management strategy, it will redeem U.S.$250mn of its 5.375% Notes due 2026 (the "Notes") (CUSIP: 279158 AL3 /...
Petrobras Confirms Gas Find Offshore Colombia at Uchuva-2
(Petrobras, 5.Aug.2024) — Petrobras, following up on the release disclosed on 29 July 2022, has achieved the main target of the Uchuva-2 well, confirming the extent of the gas discovery made...
Ecopetrol on Senior Management Moves
(Ecopetrol, 31.Jul.2024) — Ecopetrol S.A. informs that the Board of Directors, in its meeting held on 31 July, 2024 adopted the following decisions: As part of the implementation of the new organizational structure,...
Fitch Maintains Ecopetrol’s Rating at BB+
(Ecopetrol, 30.Jul.2024) — Ecopetrol S.A. said the credit rating agency Fitch Ratings maintained the company's credit rating at BB+ with a stable outlook. Additionally, the agency reaffirmed the company's national long-...
Frontera Announces Agreement Between Puerto Bahia and GASCO
(Frontera, 22.Jul.2024) — Frontera Energy Corporation announced that its subsidiary, Sociedad Portuaria Puerto Bahía S.A. and Gasco Soluciones Logísticas y Energéticas S.A.S. have entered into a Framework Collaboration Agreement (the "Agreement") to...
Ecopetrol Informs of Ongoing Negotiations with Occidental
(Ecopetrol, 19.Jul.2024) — Ecopetrol S.A. informs that it is engaged in conversations with Occidental Petroleum Corp. (OXY) oriented to consider the potential acquisition by Ecopetrol of a certain percentage of assets...
Decisions of BODs of Ecopetrol
(Ecopetrol, 28.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, at its meeting held on 28 June 2024, appointed independent Director Gonzalo Hernández Jiménez as a member of the Audit and...
Ecopetrol Reports Senior Management Changes
(Ecopetrol, 26.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, in its meeting held on 28 June 2024 adopted the following decisions: As part of the implementation of the new organizational structure,...
Ecopetrol Authorized to Execute Loans with Local Banks for COP 1tn
(Ecopetrol, 17.Jun.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that through Resolution 1671 of 14 Jun. 2024, the Ministry of Finance and Public Credit (MHCP) authorized Ecopetrol to execute a loan agreement for...
Fact Sheet: Colombian Coal
(National Mining Agency, 9.Jun.2024) — Approximately 92% of coal production in Colombia is extracted in open-pit mining areas in the departments of Cesar and La Guajira, with thermal coal, which in general...
Colombia Will Suspend Coal Exports to Israel over War in Gaza
(AP, 8.Jun.2024)) — President Gustavo Petro announced on Saturday that his country will suspend coal exports to Israel over the war in Gaza, as relations sour between two countries that were once...
Black & Veatch Delivers Feasibility Study for Andes Energy LNG Terminal
(Black & Veatch, 7.Jun.2024) — Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification terminal and...
Israel Risks Losing Colombian Coal Supplies over Gaza War
(Bloomberg, 6.Jun.2024) — Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises...
Ecopetrol Reports on Registry of Amendments of its Bylaws
(Energy Analytics Institute, 30.May.2024) — Colombia’s state-owned Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reported that the amendment to its bylaws was registered with the Chamber of Commerce of Bogotá on 29...
Frontera Announces Annual Meeting Results
(Frontera, 23.May.2024) — Frontera Energy Corporation (TSX: FEC) announced the results from its 2024 annual meeting of shareholders held today (the "Meeting"). ELECTION OF DIRECTORS Shareholders elected each of the nominees...
Moody’s Changes Ecopetrol’s Credit Rating to Ba1
(Ecopetrol, 23.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that credit rating agency Moody’s downgraded its global credit rating from Baa3 to Ba1 and changed the outlook from negative to...
Ecopetrol Reports on Investigation by Superintendency
(Ecopetrol, 22.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that between May 3, 2024 and May 9, 2024, the company and its subsidiaries, Cenit Transporte y Logística de Hidrocarburos S.A.S. and Oleoducto Central S.A. (Ocensa)...
Geopark Reports 1Q:24 Results
(GeoPark, 15.May.2024) — GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended 31 Mar. 2024 (“First Quarter” or “1Q2024”). A conference call to discuss these...
Aris Mining Results Boosted by Segovia Project
(Aris Mining, 14.May.2024) — Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces its full financial and operating results for the three months ended 31 Mar. 2024 (Q1 2024). Aris Mining previously released Q1...
Ecopetrol Calls Holders of Domestic Public Debt for Ordinary Bondholders Meeting
(Ecopetrol, 10.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in light of the statutory reform approved by its Shareholders' during their ordinary meeting held on 22 Mar. 2024, its local bondholders...
GeoPark Signs New Offtake Agreement with Vitol for the Llanos 34 Block in Colombia
(GeoPark, 9.May.2024) — GeoPark Limited (NYSE: GPRK) announces the execution of an offtake and prepayment agreement with Vitol, one of the world’s leading energy and commodity companies. The offtake agreement...
Frontera on 1Q:24 Conference Call
(Frontera, 30.Apr.2024) — Frontera Energy Corporation (TSX: FEC) will release its financial and operational results for the first quarter ended 31 Mar. 2024, after markets close on 8 May 2024. A conference call...
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 26.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Board of Directors, at its meeting held on 26 Apr. 2024, made the following appointments in property: 1. Felipe Trujillo López as...
Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom
(AP, 24.Apr.2024) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden...
Ecopetrol Announces Senior Management Changes
(Ecopetrol, 5.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes: Ana Milena López, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value...
Ecopetrol Informs About Dutch Court and Restructuring Process of CB&I N.V.
(Ecopetrol, 22.Mar.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena S.A.S. (Reficar) has been notified of the decision to approve the alternative financial restructuring plan of Chicago...
Ecopetrol Board Blasts Anti-Oil President Petro’s Nominees as Unfit
(Bloomberg, 14.Mar.2024) — Board members of Colombia’s state oil company are objecting to President Gustavo Petro’s attempt to overhaul it with new directors as he works to wean the country...
Ecopetrol Reveals Candidate to its BODs
(Ecopetrol, 11.Mar.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), in accordance with the subscription of the Declaration of the Nation as majority shareholder and complying with the established procedure, the current...
Frontera Reveals 4Q:23 and YE:23 Results
(Frontera, 7.Mar.2024) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter and year ended 31 Dec. 2023, and announced the results of its annual independent...
Ecopetrol Production Averages 737 Mboe/d in 2023
(Ecopetrol, 1.Mar.2024) — Ecopetrol SA ended 2023 with strong operational results that drove achievements across the entire company. We have achieved the second-best financial results in history by following our financial...
Frontera Announces 2024 Capital and Production Guidance
(Frontera, 15.Feb.2024) — Frontera Energy Corporation (TSX: FEC) announced its full year 2024 capital and production guidance, provides an update on its estimated fourth quarter 2023 and full year average...
![ANH Updates on Offshore Wind Competitive Process [Spanish PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/07/offshore-wind.jpg)
ANH Updates on Offshore Wind Competitive Process [Spanish PDF Download]
(Energy Analytics Institute, 13.Feb.2024) — Colombia’s National Hydrocarbon Agency (ANH) announced that during the offshore wind qualification stage from 21 Dec. 2023 to 21 Jun. 2024 that interested parties lookin...
![Ecopetrol Submits Report “Código País” for FY2023 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/01/best-practices.jpg)
Ecopetrol Submits Report “Código País” for FY2023 [PDF Download]
(Ecopetrol, 30.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), submitted the Report on the Implementation of Best Corporate Practices – "Código País" - to the Financial Superintendency of Colombia. The report...
S&P Maintains Ecopetrol’s Credit Rating at BB+
(Ecopetrol, 19.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that S&P Global Ratings modified the outlook of Ecopetrol's credit rating from stable to negative, as a result of the...
Ecopetrol Says to Conduct Further Tests at Arauca 8 Well
(Energy Analytics Institute, 18.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) said that in order to determine the materiality of the Arauca 8 well discovery, it would be necessary to...
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 17.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, the following changes will be made in its senior management: Alejandro Arango, who has been serving as Corporate Vice President...
Ecopetrol Prices Cash Tender Offer for Outstanding 4.125% Notes due 2025
(Ecopetrol, 16.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the tender offer consideration (the "Total Consideration") payable in connection with the previously announced cash tender offer (the "Offer") by Ecopetrol, which...
![Ecopetrol Shareholders’ to Amend Bylaws [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/02/ecopetrol-hq-latamnrg.jpg)
Ecopetrol Shareholders’ to Amend Bylaws [PDF Download]
(Ecopetrol, 11.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that during the extraordinary general shareholders' meeting held on 10 Jan. 2024, previously called in accordance with the legal and statutory requirements...
Ecopetrol Commences Tender for 4.125% Notes due 2025
(Ecopetrol, 5.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the commencement of a cash tender offer (the "Offer"), to purchase any and all of its outstanding 4.125% Notes due 2025 (the "Securities"),...
EAI’s NRGBriefs: Dec. 2023
(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29...
Ecopetrol Publishes Measures for Jan. 2024 Meeting
(Ecopetrol, 21.Dec.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by...
Dujiangyan: Changes and Constants in 2279
(The Sichuan Dujiangyan Water Conservancy Development Center, 7.Dec.2023) — As 2023 comes to a close, international students from countries such as France, Canada, Colombia are gearing up to visit Dujiangyan to experience its hydraulic culture....
Ecopetrol to Invest Between 23tn-27tn Pesos in 2024
(Ecopetrol, 1.Dec.2023) — On 30 Nov. 2023, Ecopetrol's Board of Directors approved maintaining investment levels between 23tn and 27tn Colombian pesos in 2024, aligning with the commitment to energy security and the...
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a...
Aris Boosts Segovia Gold Reserves by +75%
(Aris Mining, 27.Nov.2023) — Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective 30 Sep. 2023 (the "2023 Mineral Reserve"). This updated mineral...
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks bright for upstream oil and...
Ecopetrol Announces New Senior Management Appointments
(Ecopetrol, 22.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces changes in its senior management team of the Upstream Vice-Presidency to meet challenges in the process of aligning its hydrocarbons exploration and...
Fitch Maintains Ecopetrol’s Rating at BB+, with Stable Outlook
(Ecopetrol, 20.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings affirmed the company's long-term foreign and local currency issuer default rating at "BB+", with a stable...
Frontera Updates on Colombia and Guyana
(Frontera, 9.Nov.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the third quarter ended 30 Sep. 2023. All financial amounts in this news release are in United States dollars,...
Ecopetrol Responds to News From BluRadio
(Ecopetrol, 9.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that today the news website www.bluradio.com reported the convening of an extraordinary meeting of the General Shareholders' of Ecopetrol. Ecopetrol hereby informs that it...
Parex Announces 3Q:23 Results, Arauca Drilling Success
(Parex, 7.Nov.2023) — Parex Resources Inc. (TSX: PXT) announced its financial and operating results for the three-month period ended 30 Sep. 2023, and the declaration of its Q4 2023 regular...
![Oxy Reports 3Q:23 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/05/oxy-houston-energy-analytics-institute-768x576.jpg)
Oxy Reports 3Q:23 Results [PDF Downloads]
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2bn, or $1.20 per diluted share, and adjusted income attributable to...
![Ecopetrol 2023 Results: Second Best in History [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/colombia-source-ecopetrol-768x269.jpg)
Ecopetrol 2023 Results: Second Best in History [PDF Downloads]
(Ecopetrol, 7.Nov.2023) — Within the framework of Ecopetrol's 15th anniversary celebration on the New York Stock Exchange, we hosted our Investor Day, during which we reaffirmed our 2040 Strategy, "Energy...
Colombia Eyes Country’s First Offshore Wind Auction
(Energy Analytics Institute, 22.Oct.2023) — Colombia government expects to reveal detail about the first offshore wind energy auction in Colombia and Latin America. The Colombian Ministry of Mines and Energy,...
Canacol On Canceling EPM Sales Contract, Strategic Entrance into Bolivia
(Canacol, 19.Oct.2023) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) announces that the long term take or pay gas sales contract with Empresas Publicas de Medellin E.S.P. (“EPM”), previously scheduled to...
Glaucus-1 Well Confirms Extension of Gas Province Offshore Colombia
(Ecopetrol, 19.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the southern Colombian Caribbean, underscoring the...
Frontera on 3Q:23 Financial Results and Conf. Call
(Frontera, 19.Oct.2023) — Frontera Energy Corporation (TSX: FEC) announces that its third quarter 2023 results will be released after markets close on Thursday, 9 November 2023. A conference call for investors...
Ecopetrol Names Rivera VP of Science, Technology, and Innovation
(Ecopetrol, 14.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, during its meeting held on 13 October 2023, appointed Luis Felipe Rivera as the Vice President of Science, Technology, and...
Ecopetrol Presents Reports on Climate Change Management [PDF Downloads]
(Ecopetrol, 10.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its third TCFD report as of December 31, 2022, which highlights progress in strengthening climate-related risk and opportunity management...
Ecopetrol Appoints Senior Management, Legal Representation
(Ecopetrol, 2.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) informs that the Board of Directors, in its meeting on 29 September 2023, made the following appointments: Germán González Reyes as Vice President of...