(Pioneer, 12.Jun.2019) — Pioneer Energy Services announced that it has been notified by the New York Stock Exchange (NYSE) that its common stock does not satisfy one of the NYSE’s standards for continued listing. The NYSE requires that the average closing price per share of a listed company’s stock be […]
Category: Colombia
Colombia energy
Canacol’s Acordeon 1 Exploration Well Tests At 33 MMcf/d In Colombia
(Canacol, 11.Jun.2019) — Canacol Energy Ltd. released results of the Acordeon 1 exploration well located on its 100% operated VIM 5 block in the Lower Magdalena Valley Basin of Colombia. Given the magnitude of this new discovery, Canacol is altering its previously announced 2019 drilling program and has spud the […]
ANH Approves Occidental Farm Out with Amerisur
(Amerisur, 11.Jun.2019) — Colombia’s National Hydrocarbon Agency (ANH) granted approval of the farm-out agreement with Occidental announced 23 November 2018. The deal relates to four exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya in the Putumayo region, southern Colombia. As previously stated, Occidental acquires a 50% interest in each block and […]
Parex Announces Discovery At Andina Norte-1 Well, Test Of 2,900 B/D
(Parex, 10.Jun.2019) — Parex Resources Inc. highlighted testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos (WI Parex 50%, Ecopetrol S.A 50%): Parex, as the operator drilled the Andina Norte-1 exploration well to a total depth of 18,852 feet and encountered oil bearing reservoirs in the […]
Heard On The Street Colombia: Fracking, Budget Price, Shale, Gas Supply
(Energy Analytics Institute, Aaron Simonsky, 9.Jun.2019) — Heard on the street related to the Colombian upstream, midstream, downstream and renewable energies sectors. — Colombia’s state oil company Ecopetrol plans to spend $500 million between 2019-2021 on an unconventional project that includes drilling 20 wells to gauge community interest and potential […]
LatAmNRG Q&A Series With Barry Blacklock About Water Management In Fracking
(Energy Analytics Institute, Ian Silverman, 8.Jun.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, unconventionals to renewables, Calgary-based Consultant Barry Blacklock weighs in on the fracking debate in Colombia and one of many headwinds to face the Andean country: […]
Colombian Streets Filled With Protests Against Fracking
(Energy Analytics Institute, Piero Stewart, 7.Jun.2019) — Protesters in Colombia took to the streets across the Andean country on Friday 7 June to show their disagreement with the government of President Ivan Duque to move forward with fracking in the country. Related Story: Exploring The Innovative Evolution of Hydraulic Fracturing […]
Ecopetrol Reports Attack Along Caño Limón Coveñas Pipeline In Arauca
(Energy Analytics Institute, Piero Stewart, 7.Jun.2019) — Colombia’s state oil company Ecopetrol activated a contingency plan after the most recent attack on 7 June along the Caño Limón Coveñas near La Pajuila, Saravena (Arauca). The attack caused a pipeline rupture and resultant oil spill that covered soil and vegetable growth […]
Colombia’s ANH And Hocol Inaugurate Solar Powered Pumping System
(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — Colombia’s National Hydrocarbon Agency (ANH) inaugurated a new solar powered water pumping system in Ovejas in Sucre with investments from ANH and Hocol S.A., the agency announced in a social media post on Twitter. © Energy Analytics Institute (EAI)
Ecopetrol Shuts Section Of Pipeline After Oil Found In Cobaria River
(Reuters, 4.Jun.2019) — Colombia’s state-run oil company Ecopetrol said late on Tuesday it closed the valves on a section of its Cano Limon pipeline in central Boyaca province after crude oil was detected in a local river. The 485-mile (780-km) pipeline was not pumping when the oil was detected, the […]
Seven Companies Bid For 11 Contracts In Colombia Oil Auction
(Reuters, 4.Jun.2019) — Seven companies have put in bids for 11 oil exploration contracts in Colombia, the government said on Tuesday, as the Andean country seeks to revitalize its oil sector. Frontera Energy, Geopark, Ecopetrol , Hocol, Parex Resources, Gran Tierra Energy and ONGC Videsh have put in a total […]
GeoPark Says Colombia Flowline On Stream
(GeoPark, 3.Jun.2019) — GeoPark Limited announced the flowline connecting the Llanos 34 block (GeoPark operated, 45% WI) to the Oleoducto de los Llanos (ODL), one of Colombia’s principal pipelines, is now fully operational with oil flowing from the Jacana oil field to the ODL regional infrastructure. The flowline (with a […]
Colombia Had 4th Greatest Loss Of Primary Rainforest Of Any Country In 2018
(Reuters, Anastasia Moloney, 31.May.2019) — Colombia is fighting a losing battle against the destruction of its rainforests in war-hit regions where the government remains weak, a Norwegian climate envoy said during a visit to the country. Norway, rich from offshore oil, is a key financial backer of Colombia’s efforts to […]
ANH Says 22 Companies Qualified To Bid On 20 Oil Areas In Colombia
(ANH Colombia, 30.May.2019) — After having been validated by the firm ‘Gestión y Auditoría Especializada S.A.S., independent auditor, the National Hydrocarbons Agency of Colombia published the final list of investors that are enabled to compete for the 20 areas for exploration and production of hydrocarbons. These areas were released on […]
Frontera Energy Corporation BODs Declares Dividend
(Frontera, 30.May.2019) — Frontera Energy Corporation’s board of directors has declared a dividend of C$0.205 per common share, which will be paid on or about July 17, 2019 to shareholders of record at the close of business on July 3, 2019. The Company’s board of directors has also amended its […]
Colombia Oil Auction Attracts 22 Qualified Bidders
(Reuters, 30.May.2019) — At least twenty-two companies are qualified to bid for new exploration contracts for 20 oil blocks in Colombia, the government said on Thursday, as the Andean country pursues its effort to increase crude reserves. Interested companies can present bids from Tuesday, June 4 with results expected on […]
LatAmNRG Colombia Briefs: Caño Limón-Coveña Pipeline, Ecopetrol Data Room
(Energy Analytics Institute, Piero Stewart, 27.May.2019) — Heard on the street and LatAmNRG briefs related to another oil spill along the Caño Limón-Coveña pipeline and this time in La Gloria in the Department of Cesar, Colombia needing to advance existing and new gas exploration projects, and state oil and gas […]
Fitch Ratings Revises Ecopetrol Outlook To Negative From Stable
(Energy Analytics Institute, Piero Stewart, 27.May.2019) — Rating agency Fitch revised the outlook for Colombia’s state oil company to Negative from Stable, stating the adjustment made to the Colombia’s Sovereign Rating Outlook. Fitch affirmed Ecopetrol’s credit rating at BBB, which is investment grade, the oil company said 27 May in […]
LatAmNRG Q&A With ANH Colombia: Exploratory Drilling To Start In 2H:20
(Energy Analytics Institute, Piero Stewart, 24.May.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, unconventionals to renewables, Colombia’s Hydrocarbons National Agency (ANH) weighs in on some of our Colombia-related questions. What follows are excerpts from our series: LatAmNRG Q&A […]
Canacol Energy: 42% FFO Jump, Poised To Grow Further
(Seeking Alpha, Vasily Zyryanov, 24.May.2019) — Canacol Energy, Toronto-listed and Colombia-focused natural gas producer, has recently presented its Q1 results and impressed investors with robust revenue and a 42% funds from operations increase. Importantly, that surge in cash flow and sales is just the very beginning of a much more […]
Cano Limon, Bicentenario Pipeline Pumping Halted After Bombings
(Reuters, 22.May.2019) — Pumping on Colombia’s Bicentenario and Cano Limon oil pipelines has been halted following bomb attacks in recent days, sources from operators Bicentenario and state-run oil company Ecopetrol said on Wednesday. Military sources attributed the bombings, which both took place in eastern Arauca province near the border with […]
Colombia’s Ecopetrol Says Exports To U.S. Up On Venezuela, Higher Output
(Reuters, 22.May.2019) — Colombia’s state-run oil company Ecopetrol said on Wednesday its crude exports to the United States rose nearly 25% in the first quarter because of lower supply from neighboring Venezuela and higher production. The 4-week average for crude imports from Colombia have surged to near the highest levels […]
Ecopetrol Earnings And Revenues Increase Y/Y In Q1
(Zacks, Nilanjan Banerjee, 17.May.2019) — Ecopetrol SA (EC) reported first-quarter 2019 net income of 2,745 billion Colombian pesos, higher than 2,615 billion Colombian pesos in the March quarter of 2018. Moreover, revenues of 15,943 billion Colombian pesos were higher than 14,643 billion Colombian pesos reported in the March quarter of […]
Readout Of Secretary Perry’s Visit To Bogota, Colombia
(Energy.gov, 13.May.2019) — Today, U.S. Secretary of Energy Rick Perry was in Bogotá, Colombia for the Concordia Americas Summit, a gathering of government and private sector leaders held to discuss a range of issues impacting Colombia and the broader Latin American region. Secretary Perry addressed the Summit about the desire […]
Colombia Oil Reserves Up 9.9% In 2018; Gas Reserves Decline
(Reuters, 13.May.2019) — Colombia’s crude oil reserves were up 9.9% to 1.96 billion barrels at the end of last year, as efforts to increase exploration, production and reserves paid dividends for the Andean country. At 2018 production levels the reserves are equivalent to 6.2 years of output, the Energy Ministry […]
US Secretary Perry Attends 2019 Concordia Americas Summit
(US DOE, 10.May.2019) — On Monday, May 13, 2019, U.S. Secretary of Energy Rick Perry will travel to Bogotá, Colombia to participate in the 2019 Concordia Americas Summit. He is also scheduled to participate in bilateral meetings on the sidelines of the summit. The Americas Summit is Concordia’s flagship regional […]
Ecopetrol’s1Q:19 Earnings Call Transcript
(MotleyFool, 7.May.2019) — Attached is the first quarter 2019 earnings call transcript for Colombia’s state oil company Ecopetrol. Contents Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Hilda and I will be your conference operator today. At this time, I would like to […]
JinkoSolar Supplies PV Modules To Solar Power Plant In Colombia
(JinkoSolar, 7.May.2019) — JinkoSolar Holding Co., Ltd., today announced JinkoSolar has supplied 250,000 Pieces of 345Watt – 1500V monocrystalline standard modules for one of the largest solar power plant in Colombia to date which was recently inaugurated and is located in Cesar Department. “We are proud to have been chosen […]
Colombia’s Ecopetrol Reports Strong 1Q:19 Results, EBITDA Margin Of 46.1%
(Ecopetrol, 6.May.2019) — Ecopetrol S.A. announced today the Ecopetrol Group’s financial results for the first quarter of 2019, prepared in accordance with International Financial Reporting Standards applicable in Colombia. The figures included in this report are not audited. The financial information is expressed in billions of Colombian pesos (COP) or […]
Ecopetrol Updates Details of Farm-in To Saturno Block In Brazil
(Energy Analytics Institute, Aaron Simonsky, 3.May.2019) — Colombia’s state oil company Ecopetrol reportedly has updated on its farm-in in the Saturno block in Brazil. Partners in the block include: Ecopetrol (10% WI), Shell (45% WI) and Chevron (45% WI), reports online media Brasil Energia Petróleo. Limited access to the website […]
Enel Américas Files 2018 Annual Report On Form 20-F
(Enel, 29.Apr.2019) — Enel Américas, announced today that its 2018 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission on April 26, 2019. Enel Américas is a company engaged in the electricity generation and distribution businesses in Argentina, Brazil, Colombia and Peru. Our […]
Ecopetrol Sets Date For 1Q:19 Earnings Report, Conference Call
(Ecopetrol, 29.Apr.2019) — Ecopetrol S.A. announces that on May 6, 2019 after market close, it will release its financial and operating results for the first quarter of 2019. On Tuesday, May 7, Ecopetrol’s senior management will host two conference calls to review the results. Please find below the timing, dial-in […]
Ecopetrol Reports Attack To OTA Pipeline In Casas Frías De Pupiales
(Energy Analytics Institute, Piero Stewart, 26.Apr.2019) — Colombia’s state oil company Ecopetrol activated a contingency plan along the Trasandino Pipeline (OTA) after an attack on the installation occurred on 26 April 2019 in the village of Casas Frías de Pupiales (Nariño). The most recent attack caused a pipeline rupture and […]
ANH President Discusses Projects At Colombia’s Escuela Superior de Guerra
(Energy Analytics Institute, Aaron Simonsky, 26.Apr.2019) — Colombia National Hydrocarbon Agency President Luis Miguel Morelli presented “Offshore Exploration and Production Projects” during a discussion at Colombia’s Military School “Escuela Superior de Guerra”. ***
IDB Lends $600 Million To Aid Colombia Improve Energy Matrix
(Renewables Now, 26.Apr.2019) — The Inter-American Development Bank (IDB) announced on Thursday it will give Colombia a USD-600-million (EUR 538.9m) loan to diversify and improve its energy matrix and integrate non-conventional renewables such as wind, solar and biogas. The IDB loan has a 19-year term, with a 5.5-year grace period and […]
LatAmNRG Colombia Briefs: OTA Pipeline Attack, Orca-1 Well
(Energy Analytics Institute, Piero Stewart, 12.Apr.2019) — Heard on the street and LatAmNRG briefs related to a new attack on the OTA pipeline, the Orca-1 well expected online in 2026, and Ecopetrol’s plans to expand its renewables portfolio to 181 megawatts. Ecopetrol Reports New Attack On OTA Pipeline (Energy Analytics […]
Ecopetrol Announces Dates For Colombian Ex-dividend Period
(Ecopetrol, 12.Apr.2019) — Ecopetrol S.A. announced that according to the regulation of the Colombia Securities Exchange, the Colombian ex-dividend period for Ecopetrol’s shares begins on April 17, 2019. The ex-dividend period corresponds to the first business day for the dividend payment (April 25, 2019) and the four (4) trading days […]
LatAmNRG Frontera briefs: Ralph Coffman, NorPeruano, Intracampos bid
HOUSTON, TEXAS (By Piero Stewart, Energy Analytics Institute, 11.Apr.2019, Words: 314) — Heard on the street and LatAmNRG briefs related to Frontera Energy Corporation and its operations in Colombia, Peru, Guyana and Ecuador. Ralph Coffman Expected To Spud Offshore Guyana In 3Q:19 (Frontera, 11.Apr.2019) — Frontera says a definitive rig […]
Frontera Announces 1Q:19 Update On Colombia, Peru, Guyana, and Ecuador
(Frontera, 11.Apr.2019) — Frontera Energy Corporation announces a first quarter 2019 operational update. All values in this news release and the company’s financial disclosures are in United States dollars, unless otherwise noted. Richard Herbert, Chief Executive Officer of Frontera, commented: “2019 is off to a strong start for Frontera, with […]
Ecopetrol President Says Colombia Gas Potential Between 14-64 Tcf
(Energy Analytics Institute, Piero Stewart, 10.Apr.2019) — Colombia’s natural gas potential — including onshore, offshore and non-conventional resources — is between 14 and 64 trillion cubic feet (Tcf), Ecopetrol President Felipe Bayón said on 10 April in an official company statement. Colombia’s potential gas resources are distributed as such: — […]
Colombia Could Assist, Benefit From Venezuela Oil Recovery: Former Minister
(S&P Global Platts, 10.Apr.2019) — Colombia could use its oil expertise to assist in, and benefit from, the secondary recovery of Venezuela’s heavy crude production, Colombia’s former energy minister said Wednesday. Colombia has a crop of heavy oil fields that contribute to its own 900,000 b/d of current oil production, […]
Enel Green Power Switches On 86-MW Solar Plant In Colombia
(Renewables Now, 8.Apr.2019) — Italian energy major Enel SpA inaugurated on Friday an 86.2-MW solar photovoltaic (PV) farm in Colombia’s Cesar department. The company’s local renewables subsidiary, Enel Green Power Colombia (EGPC), has invested nearly USD 70 million (EUR 62.3m) in the El Paso PV farm, the local energy ministry […]
Students Put Energy Efficient Cars To The Test At Shell Eco-marathon Americas
(Shell, 7.Apr.2019) — Make the Future Live California featuring Shell Eco-marathon Americas drew more than 1,000 students to Sonoma Raceway to compete for the title of most fuel-efficient vehicle. Northern Illinois University of DeKalb, Illinois took home first place in the Internal Combustion Engine Prototype category with their gasoline-fueled vehicle […]
LatAmNRG Colombia Briefs: El Paso Solar Park, Seeking Electricaribe Investors
(Energy Analytics Institute, Piero Stewart, 5.Apr.2019) — Heard on the street and LatAmNRG briefs related to Colombia an inauguration of the 86.2 megawatt El Paso solar park in Cesar and the Colombian government seeking investors and/or operators for Electricaribe. Colombia Inaugurates 86.2 MW El Paso Solar Park In Cesar (Energy […]
Ecopetrol Files Form 20-F For Fiscal Year 2018
(Ecopetrol, 5.Apr.2019) — Ecopetrol filed its annual report under Form 20-F for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission (the “SEC”). With the filing of its annual report under Form 20-F the company complies with its reporting obligations with the U.S. Securities and […]
Repsol, Exxon and Ecopetrol Enter Into Colombian Exploration Contracts
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) — Colombia’s National Hydrocarbon Agency (ANH) announced that Ecopetrol, Repsol Exploración Colombia S.A., and ExxonMobil Exploration Colombia Ltd signed two separate offshore exploration contracts for the “Gua Off-1” and “Col-4” blocks, ANH said 3 April 2019 in an official statement. Execution of both contracts […]
Hocol Reports Gas Find At Arrecife-1ST Well In Colombia
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) — Hocol, a company of Ecopetrol Group, announced a new natural gas discovery at its Arrecife-1ST well located in Colombia’s Córdoba department. Data from well indicate discovery of sandstones with gas at several intervals from the Upper Ciénaga de Oro formation of Miocene geological […]
LatAmNRG Colombia M&A Briefs: Chevron Eyes Yumbo, Buenaventura Terminals
(Energy Analytics Institute, Piero Stewart, 1.Apr.2019) — Heard on the street and LatAmNRG briefs related to US-based Chevron’s dealings to acquire the Yumbo and Buenaventura terminals and Terpel’s plans to divest of some 2,296 petrol stations in 2019. Chevron Negotiates Purchase Of Yumbo and Buenaventura Terminals (Energy Analytics Institute, Piero […]
Decisions Of The Ecopetrol General Shareholders’ Meeting
(Ecopetrol, 29.Mar.2019) — Ecopetrol S.A. announces that, at the General Shareholders’ Meeting held on March 29, 2019, the Company’s Shareholders approved the following: 1. The plan for distribution of profits, which establishes a distribution of an ordinary dividend per share of one hundred sixty-nine Colombian pesos (COP $169) and an […]