(Ecopetrol, 22.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 1 March 2022, after market close, it will release its financial and operating results for the fourth quarter and full year 2021. On Wednesday 2 March 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in […]
Category: Colombia
Colombia energy
Arrow Exploration Eyes Drilling the RCE-2 Well in Colombia’s Tapir Block
(Arrow Exploration, 22.Feb.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) shared an operational update in connection with the drilling of the next well, the RCE-2 well, at the Rio Cravo Este Field (Tapir Block) in Colombia. The company continues to quickly advance towards drilling the RCE-2 well. — The […]
Frontera Announces CAPEX and Production Guidance for 2022
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]
Frontera Reveals YE:21 Reserves
(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 […]
Interoil Provides Argentina and Colombia Production Update
(Interoil, 15.Feb.2022) — Interoil provided production details from its operations in Argentina and Colombia. Below are details of average gross operated production in January 2022 and corresponding numbers for December 2021. Comments In January 2022, average daily production was 3,358 barrels of oil equivalents per day (boepd), compared to 3,104 […]
Colombia’s Economy Grows the Most in 115 Years
(Bloomberg, 15.Feb.2022) — Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product expanded 10.6% in […]
Ecopetrol Group Launches 2040 Strategy “Energy that Transforms”
(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, […]
Canacol Energy Provides Sales, Drilling Operations, and Share Buyback Update
(Canacol, 8.Feb.2022) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) provided the following information concerning its January 2022 natural gas sales, the Toronja 2 development well, near term drilling plans, and the Corporation’s normal course issuer bid. Gas sales averaged 170 MMscfpd for January 2022 Realized contractual natural gas sales (which […]
Ecopetrol Reports Reserve-Replacement Ratio of 200% in 2021
(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 […]
![Top NRG headlines from Argentina and Colombia to Venezuela [photos]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/header-nrg-photo-recap-energy-analytics-institute.jpg)
Top NRG headlines from Argentina and Colombia to Venezuela [photos]
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2022) — Energy Analytics Institute‘s photo journalistic recap of 10 of our top headlines on Instagram in recent weeks. ____________________ By Ofelia Paredes. © Energy Analytics Institute (EAI). All Rights Reserved.
NRGBriefs: Maduro Says No Presidential Elections Until At Least 2025
(Energy Analytics Institute, 4.Feb.2022) — Energy briefs including Colombia signing a MOU w/ The Netherlands to create a hydrogen export channel; Venezuela’s President Nicolás Maduro saying there will be no presidential elections in 2024; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia signed a MOU w/ The Netherlands […]
NRGBriefs: Argentina’s President Meets with Putin
(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
(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
(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 Front-Runner Petro’s No-More-Oil Pledge Sinks Ecopetrol Bonds
(Bloomberg, 28.Jan.2022) — Gustavo Petro, the front-runner to win Colombia’s presidential election in May, has repeatedly vowed he will halt oil drilling the day he takes office. To some observers, this is campaign bluster that would prove difficult to carry out in a country where oil is the No. 1 […]
Colombia inaugurates Isagen’s Guajira I project
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
(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
(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 […]
NRGBriefs: Argentina Asks Users to Reduce Energy Demand
(Energy Analytics Institute, 14.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat DarĂo MartĂnez asking users to reduce their energy demand during peak hours; and Acipet denouncing the kidnapping of engineer Diego Fernando Lozano in Norte de Santander Bogotá. LATIN AMERICA AND THE CARIBBEAN Argentina — High temperatures and high energy […]
NRGBriefs: Presidential Elections in Brazil and Colombia
(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 […]
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 […]