(Ecopetrol, 26.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation in Colombia whereby social protests have resulted in blockades of the country’s main roads and isolated […]
Category: Colombia
Colombia energy
S&P Downgrades Ecopetrol Rating
(Ecopetrol, 21.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in line with the downgrade of the rating of the Republic of Colombia, the rating agency S&P Global Ratings downgraded the company’s credit rating from BBB- (negative outlook) to BB+ (stable outlook). S&P Global Ratings maintained Ecopetrol’s Stand-Alone rating […]
Wall Street Giants Bet On Colombia Sinking Deeper Into Junk
(Reuters, 20.May.2021) — Wall Street banks predicted on Thursday that Fitch would downgrade Colombia’s credit rating to junk before the year is out and spark forced selling after a similar move by S&P Global Ratings on Wednesday. Colombia has come into focus after President Ivan Duque was forced to withdraw […]
Colombia Production Falls Below 700,000 B/D On Protests, Road Blockages
(Energy Analytics Institute, 19.May.2021) — Ongoing protests and road blockades in Colombia have caused more than 560,000 barrels of oil to stop being produced in the first two weeks of May 2021, the worst decline in terms of hydrocarbon production since 2009, the country’s Mines and Energy Minister Diego Mesa […]
Colombia Briefs: Oil Production Impacts, Duque On Protests
(Energy Analytics Institute, 18.May.2021) — Energy briefs from the Latin America and Caribbean region including: Colombia’s President Iván Duque saying his government was pursuing national dialogue with the multiple groups involved in protests across the South American country, and ongoing protests in Colombia impacting on oil producers Gran Tierra and […]
Gran Tierra Impacted By Protests And Blockades In Colombia
(Gran Tierra, 17.May.2021) — Gran Tierra Energy Inc. (NYSE American: GTE) (TSX: GTE) (LSE: GTE) announced an update on the impact of the ongoing national protests in Colombia on the company’s operations. All production volumes are unaudited and on a working interest before royalties (“WI”) basis and are expressed in […]
Protests In Colombia Impact GeoPark
GeoPark, 17.May.2021) — GeoPark Limited announced that ongoing protests in Colombia have impacted its production. Following a new tax reform proposal, a national strike started on 28 April 2021 with protests and demonstrations in major cities of Colombia. Despite the proposal being dismissed in early May, demonstrations continued and intensified […]
LatAm Briefs: Colombia Unrest, Argentina President In Europe, Pampa Webcast
(Energy Analytics Institute, 13.May.2021) — Energy briefs from the Latin America and Caribbean region including: ongoing national strike and protests in Colombia impacting fuel supply; Argentina’s President to meet with Kristalina Georgieva, head of the International Monetary Fund (IMF); and Pampa EnergĂa S.A. hosting its 1Q:21 Webcast Colombian Protests Impacting […]
Ecopetrol Names New Exploration VP
(Ecopetrol, 11.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that Jorge Arturo Calvache, Vice-President of Exploration has decided to retire as of 1 June 2021. The company acknowledges and thanks Jorge for his leadership and contribution managing Ecopetrol’s Exploration business during the past two years. In his replacement, Elsa Jeanneth […]
Colombia’s Oil And Gas Production Down Sequentially In March 2021
(Energy Analytics Institute, 11.May.2021) — Colombia’s production of crude oil and natural gas moved downwards in March 2021 compared to the prior month, according to details provided by the country’s Mines and Energy Ministry. Gas Production Colombia’s commercialized gas production was 1.091 million cubic feet per day (MMcf/d) in March […]
Colombia Production Down 2% On National Strike, Protests, Road Blockages
(Energy Analytics Institute, 10.May.2021) — An ongoing national strike, peaceful protests, social unrest and road blockages in Colombia have taken a toll on the country’s petroleum sector, including crude oil production and fuel consumption, in the first week on May 2021. Eleven Colombian departments are at high risk of gasoline […]
Ecopetrol CEO Felipe BayĂłn On 1Q:21 Webcast
(Seeking Alpha, 5.May.2021) — Colombia’s state oil company Ecopetrol S.A. (NYSE:EC) hosted its 1Q:21 results earnings conference call on 5 May 2021. The transcript follows. Company Participants Felipe BayĂłn – CEO Alberto Consuegra – COO Jaime Caballero – CFO Walter Canova – VP, Refining Milena LĂłpez – Director, Strategy and […]
LatAm Briefs: Venezuela Oil Output, Ecopetrol Tactical Hedges
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s rising crude oil production and tactical hedges in place by Colombia’s Ecopetrol. Venezuela’s Oil Production Continues To Rise Venezuela’s crude oil production continues to rise despite US sanctions that impede it legally trading oil […]
![LatAmNRG briefs: Ecopetrol results [PDF download]; roadblocks in Neuquén](https://energy-analytics-institute.org/wp-content/uploads/2020/04/planta_refineria_ecopetrol_barrancabermeja.jpg)
LatAmNRG briefs: Ecopetrol results [PDF download]; roadblocks in Neuquén
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Ecopetrol reporting strong 1Q:21 financial results [see enclosed PDF download] and a Chilean congressman expressing outrage related to ongoing roadblocks in Argentina’s NeuquĂ©n province. Ecopetrol Reports Strong 1Q:21 Financial Results [PDF Download] Colombia state-controlled oil […]
LatAm Briefs: Petrol Shortages In Cali, Salary Deal In Argentina
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: foodstuff and petrol shortages in Cali, Colombia and Argentine entities reaching a salary agreement. Foodstuff And Petrol Shortages In Cali Shortages of foodstuffs and petrol have been reported in Cali, Colombia as a result of […]
Colombian President Urges Dialogue
(Reuters, 4.May.2021) — Colombian President Ivan Duque said on Tuesday the government is ready for national dialogue after days of protests led to over 20 deaths and international concern about excessive use of force by police. The protests, set to continue on Wednesday, were originally called in opposition to the […]
Ecopetrol Group Reveals 1Q:21 Results
(Ecopetrol, 4.May.2021) — Ecopetrol SA announced the Ecopetrol Group’s financial results for the first quarter of 2021, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial information is expressed in billions […]
Ecopetrol Reports On Sanction By ANLA
(Ecopetrol, 30.Apr.2021) — Ecopetrol S.A., informs that the National Authority on Environmental Licensing (ANLA), through Resolution No. 754 of 2021, declared the company responsible for carrying out works, during the construction phase of the hydrocarbon transportation system of the Poliducto Andino project, that would not have been covered by the […]
Ecopetrol On Release Of 1Q:21 Results
(Ecopetrol, 28.Apr.2021) — Ecopetrol S.A. announces that on 4 May 2021 after market close, it will release its financial and operating results for the first quarter of 2021. On Wednesday, 5 May 2021 Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and one […]
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the Caribbean, revealed its latest promo video related to its media kit 2021/22 and SPonsor and ADvertiser (SPAD) opportunities. ____________________ By Rafael Hurtado, Lilly Chistine, Chad […]
Ecopetrol Files Form 20-F (2020)
(Ecopetrol, 9.Apr.2021) — Ecopetrol S.A. announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F the company complies with its reporting obligations with the SEC, […]
Colombia Oil Workers Join Anti-Fracking Campaign
(Reuters, 6.Apr.2021) — Colombia’s largest oil union has joined anti-fracking activists to oppose the development of non-conventional energy deposits and demand a quicker transition to renewable energy, campaigners said on Tuesday. The Petroleum Industry Workers Union (USO) and the Colombia Free from Fracking Alliance said in a joint statement they […]
LatAm Briefs: Biking Cuts Emissions, Reficar Case Ruling
(Energy Analytics Institute, 4.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: biking reducing transport emissions by 67% and Colombia’s comptroller general preparing a tax ruling for the Reficar case. Biking Reduces Transport Emissions By 67% Switching from the car to the bicycle reduces transport emissions by […]
LatAm Briefs: Argentina’s IMF Payments, Odebrecht Arrest Warrants
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina only paying the IMF around $3.1bn in interest and arrest warrants being issued for three former Odebrecht executives. Argentina Has Only Paid The IMF $3.1bn In Interest Argentina has paid the International Monetary Fund […]
Ecopetrol On Shareholders’ Meeting
(Ecopetrol, 29.Mar.2021) — Ecopetrol S.A. announced that at the ordinary General Shareholders’ Meeting, held on 26 March 2021, the company’s Shareholders approved the following: 1. The earnings distribution proposal presented for their consideration, which establishes the distribution of an ordinary dividend per share of seventeen pesos (COP$ 17). The dividend […]
Promigas To Host Virtual Investor Day
(Promigas, 29.Mar.2021) — Promigas S.A. E.S.P. will host a virtual Investor Day event on 29 April 2021 from 9:30 a.m. to 12:00 p.m. Eastern Time (8:30 to 11:00 a.m. Bogota Colombia time). Promigas executives presenting during the event include President & Chief Executive Officer Eric Flesch, Legal and Sustainability Vice […]
Committee Named For ISA Valuation
(Ecopetrol, 26.Mar.2021) — Ecopetrol S.A. reports that its Board of Directors, within the context of the potential acquisition of the 51.4% of the outstanding shares currently owned by the Ministry of Finance and Public Credit in ISA, approved today the establishment of a Special Committee that will act as a […]
LatAm Briefs: Petrobras Form 20-F, Ecopetrol Eyes Net Zero
(Energy Analytics Institute, 25.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Brazil’s Petrobras filing its Form 20-F for 2020 and Colombia’s Ecopetrol announcing its commitment and plans to achieve net zero carbon emissions by 2050. Petrobras files 2020 Form 20-F PetrĂłleo Brasileiro S.A. (Petrobras) filed its […]
Ecopetrol Eyes Net Zero Emissions By 2050
(Ecopetrol, 25.Mar.2021) — In line with its commitment to mitigate climate change, further the energy transition and its TESG agenda[1], Ecopetrol Group announces its goal of net zero emissions by 2050. Ecopetrol is the first company in the Oil and Gas industry in Latin America to establish this ambitious goal, […]
Favorable Conciliation Deal Between Frontera, CENIT And Bicentenario
(Frontera Energy, 24.Mar.2021) — Frontera Energy Corporation, Cenit Transporte y LogĂstica de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced today that the Office of the Attorney General of Colombia (ProcuradurĂa General de la NaciĂłn) has delivered its opinion on the Conciliation Agreement between Frontera, CENIT and Bicentenario. […]
Ecopetrol On Board Member Nominee
(Ecopetrol, 19.Mar.2021) — Ecopetrol S.A. announced in accordance with the agreement of the Nation’s Declaration as the majority shareholder, and in compliance with standing procedures, the representatives of the hydrocarbon producing departments have signed an agreement in order to unanimously nominate Mr. Hernando Ramirez as their candidate for the Board […]
LatAm Briefs: Ambar Eyes Bolivian Gas, PDVSA Shuts CardĂłn Refinery
(Energy Analytics Institute, 16.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Bolivia and Venezuela including Ambar executives seeking a deal for piped gas from Bolivia’s YPFB, PDVSA shutting its CardĂłn Refinery in FalcĂłn state, and Venezuela reportedly shipping around 50% of its diesel production to Cuba. Ambar […]
Frontera Announces Normal Course Issuer Bid
(Frontera, 15.Mar.2021) — Frontera Energy Corporation announces that the Toronto Stock Exchange (TSX) has accepted its notice to initiate a normal course issuer bid (the “NCIB”) for its common shares. Pursuant to the NCIB, Frontera may purchase up to 5,197,612 common shares during the twelve-month period commencing 17 March 2021 […]
LatAmNRG Briefs: YPF Fuels, Colombian Fracking
(Energy Analytics Institute, 15.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Venezuela including: Tenaris snatches up Baker Hughes Argentina, YPF raises fuel prices again, Colombia’s ANH awaits offers for more pilot fracking projects and Venezuela suffers a severe diesel shortage. Tenaris Acquires Baker Hughes […]
EPM On Success Of Modular FACTS
(Smart Wires, 10.Mar.2021) — EPM innovates to serve their customers by investing in solutions that improve quality of life throughout their service territory. To fulfil this purpose, EPM announces its successful application of Modular FACTS (Flexible Alternating Current Transmission Systems). This places EPM at the forefront of the electricity sector […]
Frontera Reports YE:20 Reserves
(Frontera, 3.Mar.2021) — Frontera Energy Corporation 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. Richard Herbert, Chief Executive Officer, commented: “In 2020, Frontera […]
Frontera Announces CEO Succession
(Frontera, 3.Mar.2021) — Frontera Energy Corporation announced the appointment of current director Orlando Cabrales Segovia as Chief Executive Officer. The company also provided an update on its 2021 Strategic Plan, including its growth opportunity in Guyana, its full year 2021 guidance, and its plans to implement a normal course issuer bid […]
Chinese Loans To LatAm Plunge As Virus Strains Ties
(AP, 24.Feb.2021) — It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin America, a region starved of capital but rich in natural resources the Asian giant lacked. The result: a record US$35 […]
Ecopetrol Earnings Results Call Transcript For 4Q:20
(Seeking Alpha, 24.Feb.2021) — Colombia’s Ecopetrol S.A. announced results of operations for the fourth quarter of 2020. Details from the related earnings conference call held on 24 February 2020 follow: Company Participants Felipe BayĂłn – CEO Alberto Consuegra – COO Jaime Caballero – CFO Milena LĂłpez – Director, Strategy and […]
Ecopetrol: 2020 Earnings Distribution Proposal
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. hereby informs of the company’s 2020 earnings distribution proposal, approved by its Board of Directors, which will be submitted for the consideration of the General Shareholders Meeting that will take place on 26 March 2021: The earnings distribution project proposes, in line with the company’s […]
Ecopetrol Reports 4Q:20 And YE:20 Results
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reported today the financial results of the Ecopetrol Group for the fourth quarter and the cumulative results for 2020, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. * Excluding the effect of expenses associated to the Voluntary Retirement Plan, EBITDA amounts […]
Ecopetrol Minority Owners Nominate Candidate
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. informs that in accordance with the subscription of the Declaration of the Nation as majority shareholder and the established procedure, the representatives of the minority shareholders deposited with Ecopetrol an agreement whereby they agreed to nominate Dr. Carlos Gustavo Cano Sanz as their candidate to […]
Ecopetrol Adopts Measures For Shareholders’ Meeting
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reports that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendency of Colombia (SFC for its Spanish acronym) (E.C. 029 of 2014), the Board of Directors of Ecopetrol approved the […]
Ecopetrol’s Annual General Shareholders’ Meeting
(Ecopetrol, 23.Feb.2021) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the Annual General Shareholders’ Meeting to be held remotely on Friday, 26 March 2021, starting at 9 a.m. The agenda for the meeting will be: Safety guidelinesQuorum verificationOpening by the Chief Executive OfficerApproval of the […]
Ecopetrol’s Reserves Fall To 1,770 MMboe At YE:20
(Ecopetrol, 19.Feb.2021) — Ecopetrol S.A.’s consolidated crude oil, condensates and natural gas proven reserves (1P reserves, according to the standard international denomination) as of 31 December 2020. Reserves were estimated based on US Securities and Exchange Commission (SEC) standards and methods. 99% of the reserves were audited by five recognized […]
Ecopetrol To Report On Its 2021-2023 Business Plan
(Ecopetrol, 18.Feb.2021) — Ecopetrol S.A. announces that on 23 February 2021 after market close, it will release its financial and operating results for the fourth quarter and full year 2020, and the 2021-2023 Business Plan. On 24 February, Ecopetrol’s senior management will host two conference calls to review the results […]
SeaOne Granted 30-Year Port Concession In Buenaventura
(SeaOne Holdings, 10.Feb.2021) — SeaOne Holdings, LLC, which is developing various projects for the delivery of US produced natural gas and natural gas liquids (NGLs) to the Caribbean, Central and South America, today announced that Colombia’s National Infrastructure Agency (ANI) has granted and approved an initial 30-year port concession to […]
Ecopetrol On Decision Related To Lisama 158 Well
(Ecopetrol, 9.Feb.2021) — Ecopetrol S.A. has been notified of the decision issued by Colombia’s National Environmental Licensing Authority (ANLA), as per Resolution 290 of 9 February 2021, whereby a fine has been imposed on Ecopetrol S.A. in the amount of COP$ 3,863,918,267 for the oil seepage in the vicinity of […]
Ecopetrol Updates On Offer To Acquire ISA Stock
(Ecopetrol, 8.Feb.2021) — Ecopetrol S.A,, pursuant to the provisions set forth in Article 5.2.4.1.6 – Decree 2555/2010, does hereby confirm the information published in several media outlets that last 5 February 2021, received a written communication issued by the Ministry of Finance and Public Credit, whom, among other things, announced […]
Ecopetrol Eyes Two Promising Developments
(Energy Analytics Institute, 31.Jan.2021) — Colombia’s state oil and gas company Ecopetrol is eyeing two promising developments in Colombia that could utilize initial lessons learned abroad from offshore Brazil and the US Permian Basin. The first relates to an offshore development and the second relates to pilot fracking projects. The […]