(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]
Category: Colombia
Colombia energy
Colombia Knocks Out Illegal Refineries Belonging to ELN
(Reuters, 28.Dec.2021) — Colombian security forces on Tuesday neutralized two clandestine refineries in the country’s northeast which belonged to the rebel National Liberation Army (ELN), the defense ministry said. The operation in Norte de Santander province, which sits on Colombia’s border with Venezuela, involved 900 members of the military and […]
NRGBriefs: Ecopetrol Sends First Carbon-Neutral Cargo to PetroChina
(Energy Analytics Institute, 28.Dec.2021) — Energy briefs including Colombia’s state-controlled Ecopetrol agreeing to ship 1 MMbbls of Castilla blend oil to PetroChina for delivery in Feb. 2022; Venezuela’s opposition lawmakers voting to for the continuity of the National Assembly and its leader Juan GuaidĂł; and more. LATIN AMERICA AND THE […]
NRGBriefs: Maduro Courts Arab Investments
(Energy Analytics Institute, 26.Dec.2021) — Energy briefs including Venezuela’s President Nicolas Maduro talking in a special interview w/ Arab media house Al Mayadeen broadcast on Venezuelan national TV; Venezuela’s GDP expected to rise 5% in 2022; Mammoet crews continue to assist w/ construction of Guajira I, in the municipality of […]
Colombia’s Energy Self-Sufficiency at Risk
(Rystad Energy, 23.Dec.2021) — Colombia, Latin America’s third-largest oil producer after Brazil and Mexico, is in danger of losing its energy self-sufficiency and a significant part of its gross domestic product (GDP) in the future, unless the pace of exploration accelerates, a Rystad Energy report has revealed. The country’s oil […]
NRGBriefs: CFIUS Approves Pemex’s Deer Park Refinery Purchase
(Energy Analytics Institute, 22.Dec.2021) — Energy briefs including Chile being chosen for the 2nd consecutive yr as the most attractive emerging mkt to invest in renewable energies in the LatAm region; AkerSolutions crossing the 36% mark in terms women among all hired personnel in Brazil; the Committee on Foreign Investment […]
Frontera to Acquire Colombian Producer PetroSud
(Frontera, 20.Dec.2021) — Frontera Energy Corporation (TSX: FEC) entered into an agreement to acquire 100% of the issued and outstanding shares in Petroleos Sud Americanos S.A. (PetroSud) with operations in Colombia in El Dificil (a 65% working interest), Entrerrios and Rio Meta Blocks. Assets to be acquired in the PetroSud and VIM-46 […]
NRGBriefs: Ecopetrol Fined for Caño Cacayal Contamination
(Energy Analytics Institute, 17.Dec.2021) — Energy briefs including Ecopetrol S.A. revealing the Sustainable Development Corporation of the Macarena Special Management Area CORMACARENA, through Resolution No. PS-GJ.1.2.6.21.2094 of 2021, imposed a fine of 20 monthly minimum wages to the co. due to the contamination of Caño Cacayal; Venezuela’s oil production set to […]
No Counter-offers in ANH, 30 Contracts to be Signed
(Reuters, 16.Dec.2021) — There were no counter-offers for oil and gas blocs in Colombia’s latest licensing round, but contracts for 30 blocs which received bids will be signed in the coming days, the government said on Thursday. The oil and gas industry is a major source of income and foreign […]
LatAm Oil Auctions Kick Off After Two-year Lull
(Reuters, 16.Dec.2021) – Latin America’s oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday […]
NRGBriefs: Venezuela’s Oil Minister El Aissami Says He’s Fine
(Energy Analytics Institute, 14.Dec.2021) — Energy briefs including EP PetroEcuador announcing it has sufficient fuel supplies at all its terminals despite transport issues impacting Ecuador’s two oil pipelines and one derivatives pipeline; ExxonMobil reiterating the Liza Unity FPSO will commence ops by 2022 offshore Guyana; Venezuela’s oil minister Tareck El […]
NRGBriefs: Ecuador Declares Force Majeure On Oil Exports
(Energy Analytics Institute, 13.Dec.2021) — Energy briefs including Ecuador’s gov’t declaring force majeure on 12 Dec. 2021 on oil exports due to erosion issues around the Piedra Fina River and other tributaries of the Quijos River; Argentina celebrating Petroleum Day; TechnipFMC being awarded three frame agreements by Petrobras; and more. […]
Ecopetrol To Invest $4.8-$5.8bn In 2022
(Ecopetrol, 9.Dec.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that its Board of Directors approved the 2022 organic investment plan for the GE, for an estimated amount between $4.8bn to $5.8bn. Highlights: The Investment Plan of the Ecopetrol Group (GE for its Spanish acronym) for 2022, approved by the Board of Directors, is oriented towards […]
NRGBriefs: Orea Prepping for Maripa Gold Project
(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Fitch Ratings affirming Frontera‘s IDR at ‘B’; Orea Mining Corp. commencing preparation for a diamond drilling program at the Maripa Gold Project, located in eastern French Guiana; — Frontera spud the Jandaya-1 exploration well on the Perico block in Ecuador; and more. LATIN […]
Colombia Testing Waters for Carbon-Neutral Crude
(Bloomberg, 7.Dec.2021) — Colombia, a producer of sludgy, dirty oil, is seeking to sell crude that’s carbon neutral as it tests the market’s appetite for ESG oil. State-controlled oil driller Ecopetrol SA is offering as much as 1 million barrels of oil, according to an internal document seen by Bloomberg. […]
![ANH’s Ronda Colombia 2021 [Photo Roundup]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/ronda-2021-e-colombia-source-mines-and-energy-ministry-1.jpg)
ANH’s Ronda Colombia 2021 [Photo Roundup]
(ANH, 1.Dec.2021) — The ANH reports success in the Colombia Round 2021: 30 bids for areas were received in order to continue the reactivation of the hydrocarbon sector. The top photos from the event follow.
![ANH Awards 30 Areas In Colombia Round 2021 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/ronda-2021-b-colombia-source-mines-and-energy-ministry.jpg)
ANH Awards 30 Areas In Colombia Round 2021 [PDF Download]
(ANH, 1.Dec.2021) — During the Deposit of Proposals Hearing for the fourth cycle of the Permanent Process of Area Assignment (PPAA) Colombia Round 2021, 7 companies submitted bids for 30 blocks, thus consolidating the reactivation of the hydrocarbons sector that the Ministry of Mines and Energy and the National Hydrocarbons […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) — Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the NĂ©stor Kirchner Gas Pipeline and the Transport.Ar National Production Gas Pipeline System; the EU welcoming the “largely calm and peaceful atmosphere” […]
ANH To Hold Hearing For Colombia Round 2021 Proposals
(ANH, 30.Nov.2021) — The National Hydrocarbons Agency – ANH will hold tomorrow 1 December 2021, the Presentation of Proposals Hearing of the Colombia Round 2021 to continue advancing in the reactivation of the hydrocarbons sector. In the Colombia Round 2021, 17 companies were qualified, a new contractual framework was structured, […]
Fitch Maintains Ecopetrol’s Rating At BB+
(Ecopetrol, 23.Nov.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that Fitch Ratings affirmed the company’s credit rating at BB+ with a stable outlook and the stand-alone rating at bbb (without incorporating government support). Fitch highlighted the company’s linkage to the Republic of Colombia, which currently owns 88.5% of the voting shares, as […]
Colombia Presidential Front-Runner Would End New Oil Exploration
(Bloomberg, 21.Nov.2021) — Colombian front-runner Gustavo Petro said his first decision as president would be to stop awarding oil exploration contracts, according to an interview with El Tiempo. Petro, a left-wing candidate in next year’s presidential race, said he’d move Colombia away from an “extractivist” economy based on fossil fuels, allowing the […]
Ecopetrol 3Q:21 Earnings Transcript
(Motley Fool, 10.Nov.2021) — Colombia’s state oil and gas company Ecopetrol hosted a webcast to report and discuss its third quarter 2021 earnings results. What follows is the transcript of the call. Operator Welcome to Ecopetrol’s earnings conference call, in which we will discuss the main financial and operational results […]
![Ecopetrol Reports 3Q:21 Results [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/11/Screenshot-2021-11-10-at-20-24-20-Portal-Ecopetrol.png)
Ecopetrol Reports 3Q:21 Results [PDF Download]
(Ecopetrol, 9.Nov.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group‘s financial results for the third quarter of 2021. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial […]
![NRGBriefs: Trinidad’s Gas Production Falls [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2018/07/pag-80001-1200x689.jpg)
NRGBriefs: Trinidad’s Gas Production Falls [PDF Download]
(Energy Analytics Institute, 5.Nov.2021) — Energy briefs including Trinidad and Tobago’s natural gas and LNG production continuing to slide; Caribbean Accelerator CEO Racquel Moses talking about things a small developing island state needs to advance its climate ambitions; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — Vostock Capital will […]
NRGBriefs: Ecopetrol Conf. Call
(Energy Analytics Institute, 4.Nov.2021) — Energy briefs including plans by Ecopetrol S.A. to host its 3Q:21 conf. call; Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) inking two 20yr sales and purchase agreements to supply 4 mt/a of LNG from Venture Global’s Plaquemines LNG export facility; and more LATIN AMERICA […]
Frontera Energy Reveals 3Q:21 Results
(Frontera Energy, 3.Nov.2021) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the third quarter ended 30 September 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. Third Quarter Operational and Financial Results: The company is tightening and increasing its full-year operating EBITDA […]
NRGBriefs: Shell And YPF Eye Bajada De Añelo Investment
(Energy Analytics Institute, 3.Nov.2021) — Energy briefs including Shell Argentina and YPF looking to commence development of the Bajada de Añelo area w/ an anticipated investment of around $300mn; Ecuador’s oil production struggles to reach the 500,000 b/d range; Frontera Energy‘s plans to host its 3Q:21 conf. call; and more. […]
NRGBriefs: Atlantic LNG’s Carbon Abatement Plan
(Energy Analytics Institute, 29.Oct.2021) — Energy briefs including Atlantic LNG revealing its carbon abatement strategy; Brazil’s oil giant Petrobras reducing its gross debt load to $59.6bn in the 3Q:21; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into and closed an […]
NRGBriefs: Liza Unity FPSO Reaches Guyana
(Energy Analytics Institute, 27.Oct.2021) — Energy briefs including the Liza Unity FPSO reaching Guyana’s prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users across Colombia; and more. LATIN AMERICA AND THE CARIBBEAN Brazil –Brazil’s ANP published the complete version of the Brazilian Statistical Yearbook of Petroleum, Natural Gas […]
Ecopetrol Names New Corporate VP Of Strategy
(Ecopetrol, 26.Oct.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that starting 1 November 2021, Nicolás AzcuĂ©naga RamĂrez has been appointed as the new Corporate Vice President of Strategy and New Businesses, taking over for Juan Manuel Rojas. Nicolás AzcuĂ©naga is a business administrator from Colegio de Estudios Superiores de AdministraciĂłn […]
NRGBriefs: Colombia Eyes Net-zero Deforestation By 2030
(Energy Analytics Institute, 22.Oct.2021) — Energy briefs including CorporaciĂłn Nacional del Cobre de Chile (Codelco) announcing final results of a previously announced offer to purchase for cash outstanding notes due in 2023, 2024, and 2025; Colombia aiming to achieve net-zero deforestation by 2030 and carbon neutrality by 2050; Frontera Energy […]
NRGBriefs: Guyana Courts The UAE Or Vice Versa
(Energy Analytics Institute, 21.Oct.2021) — Energy briefs including details of Guyana’s President Irfaan Ali courting investors in the UAE; the repercussions in Caracas from the extradition of Alex Saab to Miami from Capo Verde, and Shell Trinidad and Tobago eyeing finally signing a PSC for development of the 2.7 Tcf […]
Capstone Green Reveals Cooling App For Llanogas
(Capstone, 20.Oct.2021) — Capstone Green Energy Corporation (NASDAQ:CGRN) announced that Supernova Energy Services, Capstone’s exclusive distributor for Colombia and Venezuela, secured an order for a three-bay C400 Signature Series microturbine to be installed in a cogeneration application and supply electricity and cooling for Llanogas, a leading natural gas utility company […]
GeoPark Accelerates Colombia Drilling Activity
(GeoPark, 19.Oct.2021) — GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended 30 September 2021 (3Q:21). Highlights Consolidated oil and gas production of 37,859 boepd, up 4% compared to 2Q2021 Oil production of 32,844 bopd, up 6% compared to 2Q2021 due to increased production in Colombia […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]
NRGBriefs: ANH Talks About Colombia’s Gas Potential
(Energy Analytics Institute, 14.Oct.2021) — Energy briefs including comments from a webcast hosted by the ACIPET spanning speakers such as ANH head Armando Zamora as well as ANH’s JosĂ© de Armas and Ecopetrol executive Maria Fernand Arango; Colombia’s massive gas potential onshore and offshore; ExxonMobil heard being close to reaching […]
NRGBriefs: EP PetroEcuador Awards Export Deals
(Energy Analytics Institute, 13.Oct.2021) — Energy briefs including the IMF advising Argentina to lower its deficit and estimating Venezuela’s inflation at 2,700% this yr, Colombia’s mines and energy minister Diego Mesa saying the country is committed to advancing its decarbonization goals; EP PetroEcuador awarding export deals to Shell Western Supply […]
NRGBriefs: Brazil Eyes Vaca Muerta Gas
(Energy Analytics Institute, 11.Oct.2021) — Energy briefs including Argentina looking to send Vaca Muerta gas to Brazil; US-based Talos Energy setting date for 3Q:21 conf. call; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s Foreign Minister Carlos França expressed “enthusiasm” over a deal w/ Argentina to allow for […]
ANH Inks Contracts With Anadarko Colombia
(ANH, 8.Oct.2021) — The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean, with investment commitments of approximately $1.4bn. Highlights: — Contracts COL-1, COL-2, COL-6 and COL-7 are located in contiguous areas off the coasts of Magdalena, […]
NRGBriefs: Colombia’s Hydrogen Roadmap
(Energy Analytics Institute, 4.Oct.2021) — Energy briefs including Colombia’s President Iván Duque Márquez launching the country’s hydrogen roadmap for the next decade during an event in Barranquilla; Trinidad and Tobago’s Minister of Finance Colm Imbert eying bid rounds; and more. Argentina — Lithium South Development Corp. (TSX-V: LIS) (OTCQB: LISMF) […]
NRGBriefs: Golden Arrow Drilling In Paraguay
(Energy Analytics Institute, 1.Oct.2021) — Energy briefs including Mantaro Silver Corp. changing its name to Mantaro Precious Metals Corp.; Golden Arrow Resources Corp. commencing a diamond drilling program in Paraguay; and more. LATIN AMERICA AND THE CARIBBEAN Bolivia — Mantaro Silver Corp.‘s (TSXV: MSLV) (FSE: 9TZ) BOD approved a change […]
Conciliation Deal With CENIT And Bicentenario Extended
(Frontera, 30.Sep.2021) — Frontera Energy Corporation (TSX: FEC), Cenit Transporte y LogĂstica de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced they have agreed to extend the deadline for the approval of the conciliation agreement between Frontera, CENIT and Bicentenario from 30 September 2021 to 29 October 2021. […]
NRGBriefs: Colombia Eyes Hydrogen
(Energy Analytics Institute, 29.Sep.2021) — Energy briefs including revelation of Colombia’s hydrogen roadmap, Xodus conducting a study of Suriname’s gas resources and TotalEnergies CEO Patrick PouyannĂ© presenting the co.’s strategy outlook presentation. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia’s oil and mines minister Diego Mesa revealed 29 Sep. 2021 […]
NRGBriefs: ANH’s Bid Round, Venezuela’s Declining GDP
(Energy Analytics Institute, 28.Sep.2021) — Energy briefs including Colombia’s ANH pushing back bid round deadlines, Colombia’s plans to reveal its hydrogen roadmap, and Trinidad and Tobago’s government commenting on a subsidy to Lake Asphalt Trinidad and Tobago Ltd. (LATT), among other updates. LATIN AMERICA Colombia — Colombia’s Minister of Mines […]
APPEC: Ecopetrol To Expand Heavy Crude Marketing In Asia
(S&P, 27.Sep.2021) — Asian refiners could soon find their crude oil procurement options in the regional spot market increase significantly as Colombia’s state-run Ecopetrol rapidly accelerates its heavy crude marketing efforts in the Far East, while the upstream company’s ambition to apply carbon offsets to its crude cargoes could lure […]
Ecopetrol Sanctioned By ANLA
(Energy Analytics Institute, 14.Sep.2021) — The National Environmental Licensing Authority (ANLA) fined Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC), through Resolution 01613 dated 10 September 2021, for a sum of COP $3,667,409,150. The sanction relates to work carried out in the CPO09 Exploratory Drilling Area project located in the municipality of AcacĂas, […]
LatAm Briefs: Argentina Lithium Acquisition, Citgo Challenges
(Energy Analytics Institute, 13.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina Lithium & Energy Corp. acquiring high quality lithium projects, Citgo Petroleum executives warning of threats from biofuels amid the energy transition, and much more. LATIN AMERICA AND CARIBBEAN Argentina — The Center for International […]
Colombia Not Liable To Pay $736 Mln To Miner Eco Oro – Gov’t
(Reuters, 10.Sep.2021) — Colombia’s government said on Friday a World Bank tribunal has ruled it is currently not liable to pay $736 million in damages to Eco Oro Minerals Corp after the Canadian mining company alleged that the Andean nation’s prohibition on mining in high-altitude wetlands constituted an indirect expropriation. […]
Colombia Loses Gas Supply After Glitch
(Argus, 2.Sep.2021) — Colombia is working to restore natural gas supply after an outage at state-controlled Ecopetrol‘s Cusiana field, the country’s second supply hiccup in a week. Ecopetrol said the outage was caused by a faulty valve but provided no further details. Cusiana normally produces 270mn cf/d of gas and […]
Moody’s Maintains Ecopetrol Rating
(Energy Analytics Institute, 1.Sep.2021) — Moody’s Investors Service affirmed the credit rating of Colombia’s state oil company Ecopetrol S.A. at Baa3 but changed its outlook from Stable to Negative. The rating agency expects the proposed acquisition by Ecopetrol of 51.4% of the outstanding shares of InterconexiĂłn ElĂ©ctrica S.A. ESP (ISA) […]