(Ecopetrol, 25.Mar.2020) — In accordance with the authorizations and recommendations provided by the Colombian Financial Superintendence and the Superintendence of Companies, the President of Ecopetrol […]
Category: Colombia
Colombia energy
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances […]
Frontera Responds To Lower Oil Price Environment
(Frontera, 23.Mar.2020) — Frontera Energy Corporation announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes […]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices […]
Ecopetrol Cuts CAPEX And Other Expenses, Costs
(Ecopetrol, 17.Mar.2020) — Ecopetrol S.A. informs that in an extraordinary session held on March 16, its Board of Directors adopted a set of actions to […]
Armando Zamora To Head Colombia ANH
(ANH, 12.Mar.2020) — Colombia’s National Hydrocarbon Agency or ANH announced appointment of Armando Zamora Reyes as its new president, replacing Luis Miguel Morelli. Zamora, a […]
Gran Tierra Revises 2020 Capital Program
(Gran Tierra, 12.Mar.2020) — Gran Tierra Energy Inc. announced revisions to its 2020 capital program in response to recent commodity price volatility. All dollar amounts […]
Bioenergy Gets Restructuring Authorization
(Ecopetrol, 12.Mar.2020) — Ecopetrol S.A. published the release from its subordinate Bioenergy S.A.S, that together with Bioenergy Zona Franca S.A.S., were admitted in the reorganization […]
Petrobras Releases Teaser For Colombian Assets
(Petrobras, 6.Mar.2020) — Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its fuel and lubricant distribution and marketing businesses in […]
Frontera Announces Quarterly Dividend
(Frontera, 5.Mar.2020) — Frontera Energy Corporation announced that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid […]
Frontera Reports 4Q:19 And Year End 2019 Results
(Frontera, 5.Mar.2020) — Frontera Energy Corporation released its Consolidated Financial Statements, Management Discussion and Analysis (“MD&A“), Annual Information Form (“AIF“) and Form 51-101 F1 – […]
Promigas Commissions New Gas Transportation Capacity
(Promigas, 2.Mar.2020) — Promigas has commissioned an infrastructure expansion project in order to transport natural gas from new deposits in the south of the Caribbean […]
Promigas Guarantees Energy Security In Colombia
(Promigas, 2.Mar.2020) — Because of the drought that has been affecting Colombia, reservoir levels have fallen this week to 44% of capacity, which represents a […]
Ecopetrol Restricts Travel To Asia And Europe
(Reuters, 2.Mar.2020) — Colombia’s state-run oil company Ecopetrol SA placed restrictions on business travel to all Asian and European countries on Monday in response to […]
Ecopetrol Presents 4Q:19 And YE:19 Operations Results
(Ecopetrol, 25.Feb.2020) — Ecopetrol S.A. announced the Business Group’s 2019 fourth quarter and full-year financial results, prepared in accordance with International Financial Reporting Standards (IFRS) […]
Colombia’s Ecopetrol To Build 50-MWp Solar Farm
(Renewables Now, 20.Feb.2020) — Colombian oil company Ecopetrol SA will develop a 50-MWp solar photovoltaic (PV) park in the department of Meta. Located on a […]
Ecopetrol Closes 2019 With Proven Reserves 10% Higher
(Reuters, 20.Feb.2020) — Colombia’s state-owned oil company Ecopetrol said an independent assessment found its proven reserves of oil and gas had increased 9.6% at the […]
Frontera To Announce 4Q And Full Year 2019 Results
(Frontera, 18.Feb.2020) — Frontera Energy Corporation said Fourth quarter and full year 2019 results are expected to be released after market on Thursday, March 5, […]
Ecopetrol To Reveal 2020-2022 Business Plan
(Ecopetrol, 18.Feb.2020) — Ecopetrol S.A. announces that on February 25, 2020 after market close, it will release its financial and operating results for the fourth […]
Frontera Reports Growth In Value Of Reserves
(Frontera, 18.Feb.2020) — Frontera Energy Corporation announced the results of its annual independent reserves assessment and provided notice of fourth quarter and full year 2019 […]
Ecopetrol And Shell To Develop Caribbean Gas
(Ecopetrol, 7.Feb.2020) — Ecopetrol S.A. and Shell, through its subsidiary Shell EP Offshore Ventures Limited, signed an agreement whereby Shell will acquire a 50% stake […]
Frontera Announces Discovery In Colombia
(Frontera, 6.Feb.2020) — Frontera Energy Corporation provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint […]
Ecopetrol Endorses Initiative To Eliminate Gas Flaring
(Ecopetrol, 30.Jan.2020) — Ecopetrol has adhered to the Bank World-let initiative called “Zero Routine Flaring by 2030”, whose goal is to eliminate the routine flaring […]
Colombia Oil Investment To Rise 23% This Year: ACP
(Reuters, 27.Jan.2020) — Investment in Colombia’s oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although […]
Colombia 2020 Oil Flow Seen Flat, CAPEX Up: ACP
(Argus, 27.Jan.2020) — Investment in exploration and production in Colombia will grow by an estimated 23pc to $4.97bn in 2020, but crude production will remain […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign […]
GeoPark Closes Amerisur Acquisition
(GeoPark, 16.Jan.2020) — GeoPark Limited closed the previously announced acquisition of Amerisur Resources Plc. GeoPark acquired the entire issued share capital of Amerisur for a […]
Colombia Boosts Monitoring To Curb Deforestation
(Reuters, 16.Jan.2020) — Colombia’s environment minister said on Thursday the Andean country will increase monitoring of its jungles and forests to fight deforestation and protect […]
Ecopetrol Reports Spill In Cerro Madera
(Energy Analytics Institute, Piero Stewart, 11.Jan.2020) — Illegal valves were again detected stealing crude oil from the Caño Limón-Coveñas oil pipeline and subsequently produced an […]
GEB Acquires 0.01% Of EDSAA Shares
(Energy Analytics Institute, Piero Stewart, 10.Jan.2020) — Bogotá Energy Group (GEB) was awarded 0.01% of the shares of Electro Dunas S.A.A. (EDSAA) by the Lima […]
Asia Eyes LatAm For Heavy Crude Amid Supply Risk
(S&P Global Platts, 8.Jan.2020) — Some Asian importers of Iraqi crude oil may scout for more heavy sour crude from Central and South America in […]
Colombia Inks $2.7bn In Investment Commitments
(ANH, 20.Dec.2019) — With 31 exploration and production (E&P) contracts subscribed and investment commitments of more than $2,714 million in 2019, the government of Colombia’s […]
Ecopetrol To Pay $1.1bn Extraordinary Dividend
(Energy Analytics Institute, Piero Stewart, 16.Dec.2019) — Colombia’s state oil company Ecopetrol announced plans to pay a $1.1 billion extraordinary dividend in December. The dividend […]
Ecopetrol Tapped For Emergency $1bn
(Forbes, Dylan Baddour, 10.Dec.2019) — As protesters continue to push demands in Colombia, the government here has asked its oil company, Ecopetrol S.A., for a […]
Parex, Ecopetrol Winners In Colombia Round
(Reuters, Oliver Griffin, 5.Dec.2019) — Companies including Canada’s Parex Resources and Ecopetrol SA won contracts to operate oil blocks in Colombia’s auction round on Thursday, […]
Frontera Announces 2020 Capital Plan
(Frontera, 5.Dec.2019) — Frontera Energy Corporation announced full year 2020 capital plan and guidance information. All values in this news release and the Company’s financial […]
Fitch Confirms Ecopetrol Investment Rating
(Ecopetrol, 3.Dec.2019) — Ecopetrol S.A. announced that the risk-rating agency Fitch Ratings has maintained the company’s credit rating at BBB with negative outlook, and its […]
Invenergy Expands Via Deal With Colombia’s EPM
(Invenergy, 2. Dec.2019) — Invenergy executed a strategic partnership agreement with Empresas Publicas de Medellin (EPM), one of Colombia’s largest public electric utilities, to develop, […]
Ecopetrol Measures Ahead Of Shareholders’ Meeting
(Ecopetrol, 28.Nov.2019 ) — In accordance to Colombian Corporate Law and Securities Regulations concerning illegal, unauthorized and unsafe practices by the issuers of securities, the […]
Cos. Bid On 15 Colombian Blocks
(Reuters, 26.Nov.2019) — Oil companies placed bids for just 15 of 59 blocks in Colombia’s ongoing oil auction, the national hydrocarbons agency (ANH) said on […]
Ecopetrol Targets Higher CAPEX In 2020
(Ecopetrol, 25.Nov.2019) — Ecopetrol S.A. reported that in 2020 the Ecopetrol Group (GE) plans to invest an expected US$4.5 to US$5.5 billion, 25% to 53% […]
Höegh LNG Updates On Colombia, Other Ops
(Höegh LNG, 21.Nov.2019) — Höegh LNG Partners LP provided its quarterly outlook for the LNG market with details on its operations in Cartagena, Colombia. A […]
Moody’s Ecopetrol Review
(Moody’s, 21.Nov.2019) — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Ecopetrol S.A. and other ratings that are associated with […]
GeoPark Announces All-Cash Deal With Amerisur
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, […]
Ecopetrol and Oxy Finalize Permian Deal
(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 Jul. 2019. Through this deal, the company and Occidental Petroleum Corp agreed […]
Frontera Announces Quarterly Dividend
(Frontera, 7.Nov.2019) — Frontera Energy Corporation announces that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid […]
Ecopetrol Updates On Invercolsa Shares
(Ecopetrol, 6.Nov.2019) — Ecopetrol S.A. reports that, as mentioned in certain media and in searches on the Judiciary website, the Colombian Supreme Court of Justice […]
Don’t Count On Oil To Reignite Latin America
(Project Syndicate, Mauricio Cárdenas, 5.Nov.2019) — Some regard Latin America as the world’s new oil frontier, and think that the region could potentially add three […]
Ecopetrol To Ratchet Up Oil Output By 4% In 2020
(S&P Global Platts, 30.Oct.2019) — Colombia’s state-controlled Ecopetrol is targeting 2020 production of 740,000-760,000 barrels of crude and equivalents per day, up to 4% more […]
Ecopetrol’s 3Q:19 Results
(Ecopetrol, 29.Oct.2019) — Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the third quarter and the first nine months of 2019, prepared in accordance […]