Colombia Archives - Page 11 of 25 - Editores LatinPetroleum

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. […]

Petro Names Afro-Colombian Environmentalist as Running Mate

(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

(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 […]

Ecopetrol, Promigas Start up Pilot-Scale Electrolysers in Cartagena

(Renewables Now, 21.Mar.2022) — The Colombian government on Friday inaugurated a pair of electrolysers in the city of Cartagena installed by two domestic companies as part of their pilot projects to produce green hydrogen. Colombian oil producer Ecopetrol SA (NYSE:EC) and natural gas utility Promigas SA (BVC:PROMIG) each launched solar-powered […]

NRGBriefs: Xi Jinping Says World Must Reject Cold War Mentality

(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

(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

(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

(Grupo Energía Bogotá, 10.Mar.2022) — Grupo Energía 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

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 […]

Colombia’s Mines and Energy Minister Gives Presser During CERAWeek

(Energy Analytics Institute, 9.Mar.2022) — Colombia’s Mines and Energy Minister Diego Mesa held a media press conference during CERAWeek by S&P Global. Excerpts from that 9 Mar. 2022 discussion follow. HYDROCARBON PRODUCTION — Colombia closed 2021 with an average production rate of about 730,000 b/d, the lowest rate one in […]

Colombia in Talks with Coal Producers for Exporting Extra Supplies

(Reuters, 8.Mar.2022) — Colombia’s government has begun talks with the nation’s coal producers to increase exports after requests for extra supplies by European, Central American and Caribbean countries, the minister of Mines and Energy Diego Mesa told Reuters on Tuesday, as global energy flows are disrupted by the crisis in […]

NRGBriefs: Cameron LNG Names New President

(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 Asdrúbal Oliveros, Datanalisis President Luis Vicente León and international […]

Q&A with Colombia’s Mines and Energy Minister Diego Mesa

HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 8.Mar.2022) — Colombia’s head at the Mines and Energy Ministry, Diego Mesa Puyo, spoke briefly with Energy Analytics Institute (EAI) during CERAWeek by S&P Global in Houston about the South American country’s most important achievements during his tenure with the ministry, which winds […]

Ecopetrol Eyes Transmission Opportunities in the Americas, Especially the US

(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 Launches Offshore Wind Energy Roadmap

(Colombian Mines and Energy Ministry, 8.Mar.2022) — The Minister of Mines and Energy, Diego Mesa, launched this Tuesday the Offshore Wind Energy Roadmap in the margins of CERAWeek 2022, the most important event in the energy sector that takes place in Houston, Texas. Highlights: “Today represents a milestone for Colombia […]

Colombia’s President Iván Duque Márquez During CERAWeek

(Energy Analytics Institute, 7.Mar.2022) — Colombia’s President Iván Duque Márquez spoke in an interview with Daniel Yergin on 9 Mar. 2022 during CERAWeek by S&P Global. Excerpts from that discussion follow. Related to energy security and the energy transition: Iván Duque: In terms of energy security and energy transition, I […]

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

(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: Venezuela Still Has Most Potential in LatAm to Boost Production

(Energy Analytics Institute, 6.Mar.2022) — Energy briefs including Colombia’s state owned Ecopetrol aims to boost combined oil and gas production to 730 Mboe/d in 2024 and between 800-850 Mboe/d in 2030; Venezuela producing 791.8 Mb/d in mid-January 2022; and Venezuela being the lone country in the Latin America and the […]

NRGBriefs: CARICOM and SICA Unite at Belize Summit [PDF Downloads]

(Energy Analytics Institute, 4.Mar.2022) — Energy briefs including Argentina’s state-owned entity YPF reporting a major reduction in gross debt; officials from CARICOM and SICA coming together at a summit in San Pedro, Belize; Gustavo Petro continuing to lead in a new election poll compiled by Colombia Opina#10 and Invamer; Guyana […]

NRGBriefs: Gustavo Petro Gaining In Popularity in Colombia

(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; […]

Aris Gold Reveals Financial and Operating Results for 2021

(Aris Gold, 3.Mar.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) reports financial and operating results for the fourth quarter and full year ended 31 December 2021. All amounts are in US dollars, unless otherwise indicated. During 2021, Aris Gold made significant progress including the start of construction of the Lower Mine. While […]

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

(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

(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

(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

(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, […]

Presidential Candidate Gustavo Petro Raising Eyebrows in Colombia and Beyond

(Energy Analytics Institute, 1.Mar.2022) — Colombia’s so-called progressive lawmaker Gustavo Petro continues to top early polls ahead of presidential elections slated for 29 May 2022. A Petro victory would represent a drastic politically shift left of center and usher in a climate conscious leader openly against hydraulic fracking and new […]

Ecopetrol’s 2021 Earnings Distribution Proposal

(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

(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 […]

IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region

(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]

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

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 […]

Ecopetrol Publishes Measures Ahead of Shareholder Meeting on 30 March 2022

(Ecopetrol, 24.Feb.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 approved the implementation of the following measures aimed at […]

Ecuador’s Pro-Market President Delivers World’s Top Bond Returns

(Bloomberg, 23.Feb.2022) — At a time when bond investors are feeling the burn pretty much everywhere, a developing nation infamous as a serial defaulter has emerged as a surprising bright spot. Ecuador’s dollar bonds have returned 6.4% this year, compared with an average loss of 4.2% for emerging markets, according […]