(Ecopetrol, 30.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) received authorization from the Ministry of Finance and Public Credit, through Resolution 1484 of 29 June 2021, to structure the issuance and placement of bonds in the international capital markets for up to $1.4bn, to finance organic growth opportunities and the […]
Category: Colombia
Colombia energy
Colombia To Launch Hydrogen Road Map
(Reuters, 29.Jun.2021) — Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year’s oil and gas auction will be successful. The South American country will publish […]
Glencore Snaps Up BHP, Anglo Stakes In Colombian Coal Mine
(Reuters, 28.Jun.2021) — Diversified miner Glencore will become the sole owner of the Cerrejon thermal coal mine in Colombia by buying out partners BHP and Anglo American, boosting its coal assets at a time when others are looking to exit the sector. Glencore said on Monday it expects to pay […]
Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition
(Ecopetrol, 24.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit (MHCP) on 12 February 2021, in connection with Ecopetrol’s potential acquisition of MHCP’s 51.4% stake in Interconexión Eléctrica S.A. (ISA), has been extended until 31 August 2021. The […]
Frontera Closes Offering Of 7.875% Notes
(Energy Analytics Institute, 21.Jun.2021) — Frontera Energy Corporation completed its offering of $400mn in senior unsecured notes due 2028 at a coupon rate of 7.875%. Frontera used some proceeds from the offering to repurchase, at a premium, the company’s $350mn 9.7% senior secured notes due 2023 pursuant to a tender […]
GeoPark Comments On Letter From Former Chair
(GeoPark, 18.Jun.2021) — GeoPark Limited (NYSE: GPRK) issued the following statement in response to the letter sent to the Board by its former Chair Gerald O’Shaughnessy: “Since GeoPark’s inception, we have always worked to ensure we have the skills, capabilities and necessary tools to become the leading independent E&P Company […]
GeoPark’s O’Shaughnessy Issues Open Letter To BODs
(GeoPark, 18.Jun.2021) — Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (NYSE: GPRK) issued an open letter to the Board of Directors of GeoPark. The full text of the letter follows: 18 June 2021 Dear Members of the Board: I am writing you now because […]
Colombia’s UPME Extends Investor Selection Deadline For LNG Terminal
(Energy Analytics Institute, 11.Jun.2021) — Colombia’s Energy Mining Planning Unit, or UPME, announced that the investor selection process related to a second liquefied natural gas (LNG) import terminal would take place in October 2021, three months later than originally planned. The presentation of bid envelopes for the project, to be […]
B2Gold Declares Dividend Of $0.04/Share
(B2Gold Corp. 11.Jun.2021) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) announced that its Board of Directors declared a cash dividend for the second quarter of 2021 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on June 30, 2021, to shareholders of record as of 22 June 2021. All […]
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Colombia’s Oil and Gas Industry Revival [Request Free Webinar]
(Energy Analytics Institute, 10.Jun.2021) — Vostock Capital team offers the possibility to watch Opening Session of the Colombia Oil and Gas 2020. Request Free Webinar Here Among the session participants: — Miguel Lotero, Vice Minister of Energy and Mines, Ministry of Energy and Mines Colombia, Topic of the presentation: Perspectives […]
Colombia Oil And Gas 2021: 21-25 June
(Energy Analytics Institute, 9.Jun.2021) — This years “Colombia Oil And Gas 2021” event is right around the corner and will consist of a business congress and one-to-one meetings. Online Business Congress and 1-2-1 meetings Colombia Oil and Gas is an international, professional platform, bringing together flagship oil and gas companies […]
GeoPark Names New Independent Director Fernanda Suarez, Independent Chair Gomez
(GeoPark, 8.Jun.2021) — GeoPark Limited announced the appointment of an independent chair and the nomination of a new independent member of the Board for election at the upcoming Annual General Meeting, to be held on 15 July 2021. These changes further strengthen the company’s governance profile and create a majority […]
LatAm Briefs: Castillo Leads In Peru’s Latest Election Count, Ecopetrol Net Zero
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Peruvian elections results now showing Free Peru (Politico Nacional Peru Libre) leftist candidate Pedro Castillo leading contender Keiko Fujimori, and Colombia’s state oil company Ecopetrol reiterating its net zero goals for 2050 Peru Elections Results […]
Frontera Commences Tender Offer For Its Outstanding 9.7% Senior Notes Due 2023
(Frontera, 7.Jun.2021) — Frontera Energy Corporation (TSX: FEC) is commencing a cash tender offer and consent solicitation for any and all of its outstanding 9.700% Senior Notes due 2023, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as […]
Frontera’s CPE-6 Operations Impacted By Protests
(Frontera, 3.Jun.2021) — Frontera Energy Corporation (TSX: FEC) announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the company’s ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the company has reached its on-site […]
Life Expectancy For Colombia’s Proven Oil Reserves Closed 2020 Stable At 6.3 Years
(Reuters, 1.Jun.2021) — Colombia’s proven oil reserves at the end of 2020 were equivalent to 6.3 years’ worth, stable versus 2019, despite declining 11% to 1.82 billion barrels as lower oil prices caused exploration activity to slump, the government said Tuesday. Proven reserves – also known as 1P reserves – […]
MPC Energy Provides 1Q:21 Update
(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]
Colombian Army Dismantles 2 Clandestine Refineries in the Catatumbo Region
(General Command of the Colombian Military Forces, 25.May.2021) — In military operations area control, Troops of Task Force Vulcano of the Second Division of the National Army, dismantle, in the municipality of Tibú, Norte de Santander, two illegal refineries, which stored the raw petroleum stolen from the Caño Limón – […]
LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast
(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to rise slightly in 2021, according to estimates revealed by Ecoanalitica. Ecopetrol’s Reports Steady Loads At Barrancabermeja Refinery The loads at […]
Ecopetrol Says Protests Impacting Its Operations
(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 […]
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 Energía 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 Bayón 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 Bayón – CEO Alberto Consuegra – COO Jaime Caballero – CFO Walter Canova – VP, Refining Milena López – 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
(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 Neuquén 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 Petróleo 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 Logística 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 (Procuraduría General de la Nación) 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 […]