Category: Colombia

Colombia energy

Petro Names Afro-Colombian Environmentalist as Running Mate

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(Bloomberg, 23.Mar.2022) — Gustavo Petro, who’s leading Colombia’s presidential race with a campaign focused on wealth redistribution and a green economy, doubled down on his approach by picking as his running mate a 39-year-old Afro-Colombian woman who’s an environmental activist.  Francia Marquez pledged to move the Vice President’s office from […]

Colombia’s Fossil Fuel Industry Is Freaking Out About Gustavo Petro

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(The New Republic, 22.Mar.2022) — This spring, Colombia could elect its first progressive president. In primary elections earlier this month—held for left-wing, centrist, and ruling right blocs—former Bogotá mayor and 2018 presidential candidate Gustavo Petro won an astounding nearly 4.5 million votes to emerge as nominee for the left-wing coalition known as the Historic Pact. Election […]

NRGBriefs: Xi Jinping Says World Must Reject Cold War Mentality

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(Energy Analytics Institute, 20.Mar.2022) — Energy briefs including China’s Xi Jinping saying there should be a rejection to “the Cold War mentality”; and the American Association of Petroleum Geologists (AAPG), in conjunction with the Colombian Association of Petroleum Geologists and Geophysicists (ACGGP), hosting ICE in Cartagena, Colombia in mid-April 2022. […]

Ecopetrol Rectifies False Details Published on Third-party Website

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(Ecopetrol, 18.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 17 March 2022, it became aware of certain false information published on a now-deactivated website (https://secureleads.org/), which purported to give Colombians an opportunity to access the company’s profits by investing COP 960,000 in cryptocurrency for trading in an instrument called “Bitcoin Ecopetrol” and […]

NRGBriefs: Astra Exploration Provides Update on Pampa Paciencia

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(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing […]

Grupo Energia Bogota Improves Caribbean Electricity Supply

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(Grupo EnergĂ­a Bogotá, 10.Mar.2022) — Grupo EnergĂ­a Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network.  This marks the second installation of SmartValve in Colombia, with more projects to be delivered in 2022 to further strengthen the national transmission network. […]

EAI Q&A with Colombia’s ANH head Armando Zamora

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HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 10.Mar.2022, Words: 1,270) — Colombia’s head at the National Hydrocarbon Agency (ANH by its Spanish acronym), Armando Zamora, spoke briefly with Energy Analytics Institute (EAI) during CERAWeek by S&P Global in Houston about the South American country’s plans for its next bid round […]

NRGBriefs: Cameron LNG Names New President

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(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner AsdrĂşbal Oliveros, Datanalisis President Luis Vicente LeĂłn and international […]

Ecopetrol Eyes Transmission Opportunities in the Americas, Especially the US

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(Energy Analytics Institute, 8.Mar.2022) — Bogotá-based Ecopetrol is eying opportunities abroad where there are synergies between the transmission and oil and gas business. Ecopetrol’s move into the transition sector is part of the company’s decarbonization and electrification efforts which also include a continued focus on low-cost and low carbon opportunities. […]

Colombia’s President Says Any Solution for Venezuela Must Come Through Elections

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(Reuters, 7.Mar.2022) — Colombian President Ivan Duque on Monday said any solution for Venezuela’s future, whose humanitarian crisis under President Nicolas Maduro has hit neighboring nations with an influx of migrants, must come through genuine, transparent presidential elections. A top delegation from the U.S. government traveled to Caracas since the […]

NRGBriefs: Gustavo Petro Gaining In Popularity in Colombia

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(Energy Analytics Institute, 3.Mar.2022) — Energy briefs including YPF selecting advertising and communication agency Sentidos to carry out its campaigns on different platforms; Colombia’s presidential hopeful Gustavo Petro boosting his appeal among voters amid Iván Duque’s rising unpopularity; Guyana’s gov’t continuing to review ExxonMobil‘s development plan for its Yellowtail project; […]

MPC Energy Solutions Grows Presence in its Key LatAm and the Caribbean Markets

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(MPC Energy Solutions, 3.Mar.2022) — “2021 was an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022, we are reaching another important milestone, as our first projects become operational and start generating […]

Leaders from Africa and LatAm’s Major Gas Producing Economies To Gather

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(EnergyNet Ltd., 2.Mar.2022) — As gas again is discussed as a critical fuel for the energy transition, the most senior officials from Africa and Latin America’s natural gas economies are set to visit Washington DC on 16-18 March, to meet leading institutional and private sector investors at the Powering Africa Summit and Latin America Energy Forum […]

NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward

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(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 and FY:21 webcast to discuss financial and operational results; Exxon updating on its operations offshore Guyana during its virtual Investor Day 2022 webcast [PDF download]; […]

Frontera Announces 4Q:21 and YE:21 Results

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(Frontera, 2.Mar.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter ended 31 December 2021. 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 continues to deliver on its strategic, […]

Ecopetrol’s 2021 Earnings Distribution Proposal

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(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) hereby informs of the company’s 2021 earnings distribution proposal, approved by the Board of Directors of Ecopetrol, which will be submitted for the consideration of the General Shareholders’ Meeting that will take place on 30 March 2022: 1 A 60% dividend payout ratio established in […]

Ecopetrol Reveals 4Q:21 and YE:21 Results

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(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group´s financial results for the fourth quarter and year end for 2021, prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The financial information included in this report has been audited and is expressed in billions of Colombian […]

NRGBriefs: YPF conf. call; Venezuela’s Maduro advocates for peace in Ukraine conflict

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HOUSTON, TEXAS (Energy Analytics Institute, 24.Feb.2022) — Energy briefs including Argentina’s state oil entity YPF revealing details of 4Q:21 and YE:21 results conference call on 4 Mar. 2022; Ecopetrol S.A. releasing details related to amendments to its bylaws to be submitted for consideration at the general shareholders’ meeting slated for […]

Frontera Reveals YE:21 Reserves

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(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (D&M). All dollar amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted. All of the Company’s booked reserves for the year […]

Ecopetrol Group Launches 2040 Strategy “Energy that Transforms”

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(Ecopetrol, 9.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022/24 term (22–24 Plan). The long-term strategy of the Ecopetrol Group (GE for its Spanish acronym), so-called “Energy that Transforms“, fully addresses current environmental, social, and governance challenges, […]

Ecopetrol Reports Reserve-Replacement Ratio of 200% in 2021

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(Ecopetrol, 7.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL,NYSE: EC) announced its consolidated proven oil, condensate, and natural gas reserves (1P reserves, according to the standard international denomination), which include the results of Ecopetrol and its subsidiaries, as of 31 December 2021. HIGHLIGHTS: Proven oil and gas reserves increased by 13%, up to 2,002 […]

NRGBriefs: Argentina’s President Meets with Putin

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(Energy Analytics Institute, 3.Feb.2022) — Energy briefs including Grupo EnergĂ­a Bogotá commencing assembly of the first tower of its north project in Chocontá (Cundinamarca); Argentina’s President Alberto Fernandez visiting Russia to discuss energy, industry, environmental and financing issues w/ his Russian counterpart Vladimir Putin; and EP PetroEcuador General Manager Äştalo […]

Colombia Reports YE:21 Gas and Oil Production

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(Energy Analytics Institute, 2.Feb.2022) — In December 2021, Colombia reported a 2.49% sequential rise in its natural gas production while its crude oil production fell 0.33%, according to Colombia’s National Hydrocarbon Agency (ANH). Colombia’s best opportunities to significantly boost both oil and gas production relate to exploratory wells planned offshore […]

Canacol Energy Reveals Block Purchase Under Normal Course Issuer Bid

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(Canacol, 28.Jan.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) purchased 5,307,700 Common Shares for CAD$3.15 per share under its normal course issuer bid (the “NCIB”), relying on the block purchase exemption under the NCIB rules. The purchase was made from an arm’s length third party via the TSX Exchange. Canacol’s […]

Colombia inaugurates Isagen’s Guajira I project

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PANAMA CITY, PANAMA (Energy Analytics Institute, 21.Jan.2022) — Colombia’s President Iván Duque and the country’s Mines and Energy Minister Diego Mesa finally inaugurated Isagen‘s Guajira I project. Guajira I is the largest wind farm in Colombia and the first built in more than 17 years in the country after JepĂ­rachi […]

NRGBriefs: Road Blockages in Southern BolĂ­var Impacting Oil Production

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(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern BolĂ­var department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings […]

MPC Energy Solutions Breaks Ground on 2nd Solar Power Plant in Colombia

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(MPC Energy Solutions, 17.Jan.2022) — MPC Energy Solutions (MPCES) commenced construction of Parque Solar Los Girasoles, a solar photovoltaic (PV) plant in Colombia that  will supply around 23 GWh a year – equivalent to the energy consumption of over 17,000 people. MPC Energy Solutions is investing $11mn to bring Los Girasoles online, and the project is expected to generate […]