Colombia Archives - Page 10 of 25 - Energy Analytics Institute (EAI)

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 failures impacting the Venezuela’s National Electric System that would require ~$10bn to fix. LATIN AMERICA AND THE CARIBBEAN Colombia — […]

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 the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the […]

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 the development of hydrogen mobility solutions in Colombia. The purpose of this agreement is to establish a collaboration between the two […]

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 Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]

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 proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total […]

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 implement meaningful actions to strengthen its ESG performance across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: “I am […]

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 E.S.P. and Plus + SAS ESP‘s prepayment for the acquisition of 3.5 million standard cubic feet per day (MMSCFD) of gas […]

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 company will continue to grow in future years; and the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo continuing his […]

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. Aris Gold CEO Neil Woodyer stated: “During Q1 we began to see positive results from our performance optimization initiatives at the Marmato […]

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 2022 1Q 2021 ∆ ($) ∆ (%) Total sales 32,473 17,206 15,267 88.7% Depreciation and amortization 2,579 2,237 342 15.3% […]

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 press conference in Bogotá details of slight rises in the country’s crude oil and natural gas reserves; Trinidad and Tobago […]

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 by the Gulf Clan paramilitary group, warning that they would be killed if they did not give up their activism. More than […]

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 headquarters in New York City. Led by the Colombian Securities Exchange (bvc) and ProColombia, the government agency in charge of promoting […]

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, adding it expects a ruling on the suspended environmental license for a fracking pilot project to come in June. Supporters […]

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 declared responsible of undertaking during the construction phase of the hydrocarbon transportation Poliducto Andino project, works that were not covered […]

Ecopetrol and Petrobras spud Uchuva-1 Well offshore Colombia

HOUSTON, TEXAS (Energy Analytics Institute, 4.May.2022) — State oil companies Ecopetrol and Petrobras spud the Uchuva-1 well offshore Colombia’s Caribbean coast in the Tayrona Block. Uchuva-1 will test the hydrocarbon structure located offshore La Guajira and investigate exploration potential in a new area, Bogotá-based Ecopetrol announced 4 May 2022 in […]

Frontera Reports 1Q:22 Net Income of $102.2mn

(Frontera, 3.May.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 31 March 2022. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continued to deliver strong performance results […]

Ecopetrol to Release 1Q:22 Results, Hold Quarterly Calls

(Ecopetrol, 3.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 10 May 2022, after market close, it will release its financial and operating results for the first quarter 2022. On Wednesday, 11 May 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and the […]

Ecopetrol on Divestment of Inversiones de Gases de Colombia S.A.

(Ecopetrol, 2.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that in the board meeting held on 29 April 2022, the board of directors authorized the divestment of its entire ownership in Inversiones de Gases de Colombia S.A. (Invercolsa), which corresponds to an equity stake of 51.8%. Such divestment is subject to […]

Colombia’s ANH Imposes $4,550 Sanction on Ecopetrol

(Ecopetrol, 29.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) it received notification in the Resolution No. 315 of 26 April 2022 that it was being sanctioned for an amount equivalent to four thousand five hundred and fifty dollars (US$4,550) by the Agencia Nacional de Hridorcarburos (ANH by its Spanish acronym). The sanction is […]

Ecopetrol Files its Form 20-F for FY 2021

(Ecopetrol, 26.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2021, with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F, the company complies with its reporting obligations […]

Ecopetrol Comments on Elections in Colombia, Uncertainties

(Energy Analytics Institute, 26.Apr.2022) — Colombia’s state-owned Ecopetrol commented on the electoral process and Colombia in its Form 20-F filed this week with the US SEC, and highlighted uncertainties regarding future policies. — “The Colombian parliamentary elections were held on March 13, 2022, with more than 99% of votes counted, results […]

Arrow Exploration Updates On Exercise of Warrants, Voting Rights

(Arrow Exploration, 25.Apr.2022) — Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value. Further, the company has identified that prior to its admission to […]

Colombia Judge Orders Suspension of Fracking Pilot Project

(Reuters, 21.Apr.2022) — A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing – or fracking – pilot project, on the grounds that local communities were not properly consulted. Colombia’s majority state-owned oil company Ecopetrol and partner U.S. oil major Exxon […]

Ecopetrol to Appeal Suspension of ‘Fracking’ Project in Puerto Wilches, Santander

(Infobae, 21.Apr.2022) — After the Barrancabermeja First Court notified Ecopetrol of the suspension of the Kalé and Platero fracking pilot projects, which were to be developed in Puerto Wilches, Santander, the company said it would appeal the ruling. According to the Colombian oil company, it has met all the requirements […]

NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela

HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario Martínez participating in an official ceremony in Loma Campana to inaugurate the Néstor Kirchner Gas Pipeline […]

UN Top Court Raps Colombia Over Sea Row with Nicaragua

(France24, 21.Apr.2022) — The United Nations‘ top court on Thursday ordered the Colombian navy to stop interfering in Nicaraguan waters, ruling on a longstanding legal battle over maritime borders. The International Court of Justice “finds that by interfering with fishing and marine research activities of Nicaraguan-flagged vessels … in Nicaragua’s […]

Day 1 of AAPG ICE Highlights: Staatsolie Executive Angéle Ramsaransing – Karg

(Energy Analytics Institute, 19.Apr.2022) — Highlights from Staatsolie Executive Angéle Ramsaransing – Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive Angéle Ramsaransing – Karg — Staatsolie looks to maintain production […]

Day 1 of AAPG ICE Highlights: ANP Substitute Director Marina Abelha

(Energy Analytics Institute, 19.Apr.2022) — Highlights from ANP Brazil Substitute Director Marina Abelha during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANP Substitute Director Marina Abelha — A completely diverse sector will emerge […]

Arrow Exploration Says RCE-2 Well Logs 80ft of Net Pay

(Arrow Exploration, 19.Apr.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) announced a further update on the Rio Cravo Este-2 well (“RCE-2 well”) on the Tapir Block in the Llanos Basin of Colombia. The RCE-2 well was spud on 2 April 2022. The well is targeting a large, three-way fault-bounded […]

Day 1 of AAPG ICE: ANH Head Armando Zamora

(Energy Analytics Institute, 19.Apr.2022) — Highlights from ANH Colombia head Armando Zamora during his presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANH Colombia head Armando Zamora: — Colombia’s 2040 plan (base case scenario) envisions […]

Colombia’s President Iván Duque Touts Oil Production Potential

(Energy Analytics Institute, 14.Apr.2022) — Colombia’s President Iván Duque talked about Colombia’s oil production potential, coal production, and Colombia’s relationship with the US during a televised interview with Bloomberg during his trip to New York. Excerpts from his interview follow. Highlights — Colombia has a chance to sale more oil […]

Ecopetrol, Shell Pick up Six Blocks in Brazil Bid Round

(Energy Analytics Institute, 13.Apr.2022) — Ecopetrol, through its Brazilian affiliate Ecopetrol Óleo e Gás do Brasil, in partnership with Shell Brasil Petróleo Ltda, picked up six blocks in the offshore Santos Basin in the Third Cycle of Permanent Offers offered by Brazil’s hydrocarbon regulator National Petroleum, Natural Gas and Biofuel […]

Goldmining Starts Exploratory Drilling at its La Mina Project in Colombia

(GoldMining, 12.Apr.2022) — GoldMining Inc. (TSX: GOLD) (NYSE: GLDG) commenced a program of exploration drilling on the La Garrucha target, located less than one kilometer to the east and immediately adjacent to the existing mineral resources on the company’s 100% owned La Mina project, located in Antioquia, Colombia. Alastair Still, CEO of […]

Aris Gold Completes Soto Norte JV Investment

(Aris Gold, 12.Apr.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) announces that, further to the company’s news release of 21 March 2022, it has closed the acquisition of a 20% joint venture interest in the Soto Norte gold project in Colombia, with the option to acquire a further 30% interest. Aris Gold has […]

The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”

(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]

Colombia Launches Green Taxonomy at NYSE

(Energy Analytics Institute, 11.Apr.2022) — Colombian officials including President Iván Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister José Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) to launch the South American country’s green taxonomy, an instrument designed to mobilize resources from […]

GeoPark Announces 1Q:22 Operational Update

(GeoPark, 11.Apr.2022) — GeoPark Limited announced its operational update for the three-month period ended March 31, 2022 (“1Q2022”). All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified. Highlights Accelerating Production Growth Consolidated oil and gas production of […]

Canacol Energy’s Eyes Pola 1 Exploration Well in 3Q:22

(Canacol, 11.Apr.2022) — Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC: ‎CNEC) reported on the conventional natural gas prospective resources (resources other than reserves) ‎for its Pola-1 prospect on the VMM-45 exploration block located in the Middle Magdalena Valley (“MMV”) basin of Colombia (the “Audited Area”). Boury Global Energy Consultants […]

NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow

(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of Neuquén […]

Ecopetrol Reduced Carbon Emissions by Over 490,000 Tons Over Two Years

(Ecopetrol, 6.Apr.2022) — In line with the goal of achieving net-zero carbon emissions within scopes 1 and 2 by 2050, as announced a year ago, the Ecopetrol Group reported that it reduced its carbon emissions by 493,441 tons between 2020 and 2021, which is equivalent to restoring an area of […]

Canacol Reveals 7.6 Tcf of Gross Mean Risked Prospective Gas Resources

(Canacol Energy, 6.Apr.2022) — Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) reported on the conventional natural gas ‎prospective resources (resources other than reserves) for its Esperanza, VIM‐21, VIM‐5, ‎VIM-33, VIM-44 and SSJN-7 exploration blocks located in the Lower Magdalena Valley (“LMV”) basin, ‎and VMM-45, VMM-47, VMM-49, VMM-53 and […]

Arrow Exploration Spuds RCE-2 Well in Colombia’s Tapir Block

(Arrow Exploration, 4.Apr.2022) — Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) announced that the contracted Top Drilling Company rig has spud the Rio Cravo Este-2 (“RCE-2”) well on the Tapir Block in the Llanos Basin of Colombia. The company also shared an update on its 2022 corporate outlook. Marshall […]

Mainstream Renewable Inks Deal for 100 MW Solar Project in Colombia

(Mainstream Renewable, 1.Apr.2022) — Mainstream Renewable Power, a renewable energy company, has commercialised its first development in Colombia by signing a deal to supply 180 Gigawatt hours of clean energy each year in a private power purchase agreement (PPA). Mainstream will build the 100 MW Andromeda solar PV plant, located in Toluviejo, Colombia, to supply the electricity to Air-e, a Colombian energy distribution […]

Parex Looks to Unlock Colombian Assets [PDF Download]

(Energy Analytics Institute, 31.Mar.2022) — Parex Resources is focused on further unlocking its Colombian asset portfolio through technology, the company said 31 March 2022 in a corporate presentation on its website. Key highlights from the presentation include: — First-mover advantage: acreage to explore, secured rigs and long-lead items, and strengthened […]

Ecopetrol Gets Approval For Profit Distribution for Fiscal Year 2021

(Ecopetrol, 30.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the ordinary General Shareholders’ Meeting, held on 30 March 2022, approved the profit distribution proposal submitted for its consideration. This proposal establishes that an ordinary dividend per share of two hundred and forty-three pesos (COL $243) and an exceptional extraordinary dividend, equivalent to thirty-seven […]

NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Mar.2022, Words: 583) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO in its achieving its 1000th crude offload; Petrobras filing its Form 20-F for the year ended 31 Dec. 2021; Ecopetrol reporting that the ordinary General […]

NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil

(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 […]

Presidential Candidate Petro’s Oil, Pension Proposals Give Investors Pause

(Reuters, 29.Mar.2022) — Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s economic stability at risk, investors say, though doubts remain about his ability to implement them. Petro, a senator and former M-19 guerrilla rebel, has tallied up to […]

Ecopetrol Trading Asia to Dispatch 90,000 Barrels to Sinochem

(Energy Analytics Institute, 29.Mar.2022) — Ecopetrol Trading Asia, an affiliate of Ecopetrol Group with an office in Singapore, realized its first commercial operation to sell 90,000 barrels of oil to Sinochem. The cargo is expected to be dispatched in coming weeks, Ecopetrol announced 29 March 2022 in an official statement. […]