Category: Colombia

Colombia energy

Ecopetrol Reports on Investigation by Superintendency

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(Ecopetrol, 22.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that between May 3, 2024 and May 9, 2024, the company and its subsidiaries,  Cenit Transporte y LogĂ­stica de Hidrocarburos S.A.S. and Oleoducto Central S.A. (Ocensa) were notified of Resolution No. 20884 of April 26, 2024, through which the Superintendency of Industry and Commerce (SIC) opened an […]

Geopark Reports 1Q:24 Results

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(GeoPark, 15.May.2024) — GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended 31 Mar. 2024 (“First Quarter” or “1Q2024”). A conference call to discuss these financial results will be held on 16 May 2024, at 10:00 am (Eastern Daylight Time). FIRST QUARTER 2024 SUMMARY In […]

Ecopetrol Calls Holders of Domestic Public Debt for Ordinary Bondholders Meeting

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(Ecopetrol, 10.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in light of the statutory reform approved by its Shareholders’ during their ordinary meeting held on 22 Mar. 2024, its local bondholders are summoned to consider said reform, in compliance with Colombian regulations applicable to securities issuers, particularly Article 6.4.1.1.42 of Decree […]

Frontera on 1Q:24 Conference Call

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(Frontera, 30.Apr.2024) — Frontera Energy Corporation (TSX: FEC) will release its financial and operational results for the first quarter ended 31 Mar. 2024, after markets close on 8 May 2024. A conference call for investors and analysts will be held on 9 May 2024, at 2:30 p.m. Eastern Time. Participants will include Gabriel de Alba, Chairman […]

Ecopetrol Reveals Senior Management Changes

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(Ecopetrol, 26.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Board of Directors, at its meeting held on 26 Apr. 2024, made the following appointments in property: 1. Felipe Trujillo LĂłpez as Vice President Commercial and Marketing, effective as of this date. Dr. Trujillo has been in charge of this Vice-Presidency since 20 […]

Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom

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(AP, 24.Apr.2024) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. LNG Energy […]

Ecopetrol Announces Senior Management Changes

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(Ecopetrol, 5.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes: Ana Milena LĂłpez, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value effective on 12 Apr. 2024. MarĂ­a Catalina Escobar Hoyos, our current Value Maximization Manager, will temporarily take over this position […]

Ecopetrol Reveals Candidate to its BODs

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(Ecopetrol, 11.Mar.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), in accordance with the subscription of the Declaration of the Nation as majority shareholder and complying with the established procedure, the current representatives of the hydrocarbon producing departments in which Ecopetrol operates, signed a document through which they unanimously agreed to nominate […]

Frontera Reveals 4Q:23 and YE:23 Results

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(Frontera, 7.Mar.2024) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter and year ended 31 Dec. 2023, and announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton Corp (D&M). All financial amounts in this news release and the company’s financial […]

Ecopetrol Production Averages 737 Mboe/d in 2023

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(Ecopetrol, 1.Mar.2024) — Ecopetrol SA ended 2023 with strong operational results that drove achievements across the entire company. We have achieved the second-best financial results in history by following our financial planning, enhancing our traditional business, and managing the steps toward the energy transition, the company’s president Ricardo Roa Barragan said. […]

Ecopetrol Submits Report “CĂłdigo PaĂ­s” for FY2023 [PDF Download]

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(Ecopetrol, 30.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), submitted the Report on the Implementation of Best Corporate Practices – “CĂłdigo PaĂ­s” – to the Financial Superintendency of Colombia. The report describes the corporate governance practices adopted and implemented by the company between 1 Jan. 2023 and 31 Dec. 2023. The CĂłdigo […]

S&P Maintains Ecopetrol’s Credit Rating at BB+

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(Ecopetrol, 19.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that S&P Global Ratings modified the outlook of Ecopetrol’s credit rating from stable to negative, as a result of the review in the outlook of Colombia’s credit rating, also from stable to negative. Likewise, S&P confirmed that Ecopetrol’s global rating is maintained […]

Ecopetrol Reveals Senior Management Changes

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(Ecopetrol, 17.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, the following changes will be made in its senior management: Alejandro Arango, who has been serving as Corporate Vice President of Human Talent, presented his voluntary resignation from the position, which was accepted as of 18 Jan. 2024.  Victoria Irene […]

Ecopetrol Shareholders’ to Amend Bylaws [PDF Download]

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(Ecopetrol, 11.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that during the extraordinary general shareholders’ meeting held on 10 Jan. 2024, previously called in accordance with the legal and statutory requirements applicable to the company, the shareholders approved the amendment to the bylaws proposed by the majority shareholder, in accordance with […]

Ecopetrol Commences Tender for 4.125% Notes due 2025

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(Ecopetrol, 5.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the commencement of a cash tender offer (the “Offer”), to purchase any and all of its outstanding 4.125% Notes due 2025 (the “Securities”), upon the terms and subject to the conditions set forth in Ecopetrol’s Offer to Purchase, dated January 9, 2024 (as the same may […]

EAI’s NRGBriefs: Dec. 2023

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(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]

Dujiangyan: Changes and Constants in 2279

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(The Sichuan Dujiangyan Water Conservancy Development Center, 7.Dec.2023) — As 2023 comes to a close, international students from countries such as France, Canada, Colombia are gearing up to visit Dujiangyan to experience its hydraulic culture. Now 2279 years old, known as the “originator of world hydraulic culture,” Dujiangyan reveals its changes and constants to visitors […]

Ecopetrol to Invest Between 23tn-27tn Pesos in 2024

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(Ecopetrol, 1.Dec.2023) — On 30 Nov. 2023, Ecopetrol‘s Board of Directors approved maintaining investment levels between 23tn and 27tn Colombian pesos in 2024, aligning with the commitment to energy security and the country’s energy transition under the 2040 “Transforming Energy” Strategy. Highlights: Approximately 19tn pesos will be allocated to profitable production, with daily averages […]

Aris Boosts Segovia Gold Reserves by +75%

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(Aris Mining, 27.Nov.2023) — Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective 30 Sep. 2023 (the “2023 Mineral Reserve”). This updated mineral reserve estimate follows the updated mineral resource estimate announced on 2 Nov. 2023. Aris Mining is also increasing the capacity […]

Ecopetrol Announces New Senior Management Appointments

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(Ecopetrol, 22.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces changes in its senior management team of the Upstream Vice-Presidency to meet challenges in the process of aligning its hydrocarbons exploration and production activities with the energy transition, as follows: 1. Elsa Jeanneth Jaimes is confirmed as Vice President of Offshore, a position she […]

Fitch Maintains Ecopetrol’s Rating at BB+, with Stable Outlook

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(Ecopetrol, 20.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings affirmed the company’s long-term foreign and local currency issuer default rating at “BB+”, with a stable outlook. Additionally, the agency affirmed the company’s national long- and short-term ratings at ‘AAA(col)’ and ‘F1+(col)’, respectively, both with a […]

Frontera Updates on Colombia and Guyana

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(Frontera, 9.Nov.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the third quarter ended 30 Sep. 2023. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera’s three core businesses continue to deliver […]

Ecopetrol Responds to News From BluRadio

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(Ecopetrol, 9.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that today the news website www.bluradio.com reported the convening of an extraordinary meeting of the General Shareholders’ of Ecopetrol. Ecopetrol hereby informs that it has not announced a General Shareholders’ Meeting. To date, Ecopetrol has only received a request from the Ministry of Finance […]

Colombia Eyes Country’s First Offshore Wind Auction

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(Energy Analytics Institute, 22.Oct.2023) — Colombia government expects to reveal detail about the first offshore wind energy auction in Colombia and Latin America. The Colombian Ministry of Mines and Energy, the Maritime Authority (Dimar) and the National Hydrocarbons Agency (ANH) invite all those interested in the first seabed allocation competitive […]

Ecopetrol Names Rivera VP of Science, Technology, and Innovation

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(Ecopetrol, 14.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, during its meeting held on 13 October 2023, appointed Luis Felipe Rivera as the Vice President of Science, Technology, and Innovation, effective from 23 October 2023. Dr. Rivera holds a degree in Systems Engineering from Universidad Industrial de Santander, a specialization […]

Ecopetrol Presents Reports on Climate Change Management [PDF Downloads]

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(Ecopetrol, 10.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its third TCFD report as of December 31, 2022, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this third report is in line […]

Parex Comments on Production Strategy [PDF Download]

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(Energy Analytics Institute, 30.Sep.2023) — Parex Resources said in late Sep. 2023 that its production strategy and approach were focused on three key things. First, minimizing decline rates and maximizing net present value; Second, enhanced oil recovery (EOR) and leveraging horizontal drilling, waterflood injection and gas reinjection; and Third, unlocking […]

Bladex Acts as Joint Arranger for Ecopetrol $1bn Term Loan Facility 

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(Ecopetrol, 14.Sep.2023) — Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closing of a $1bn Term Loan Facility for Ecopetrol S.A. Bladex acted as Joint Lead Arranger and three additional financial institutions joined the facility including Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The funds from the Facility will be […]

Ecopetrol Updates on RefinerĂ­a de Cartagena and Arbitration Proceeding

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(Ecopetrol, 11.Sep.2023) — Ecopetrol issues the following response in relation to the statement on 8 September 2023 by McDermott International regarding its intention to start financial restructuring proceedings for its CB&I subsidiaries in the United Kingdom and the Netherlands, in the aftermath of the arbitral award issued by the International Arbitration Tribunal of the International […]

Aris Mining Reports Record Segovia Gold Production

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(Aris Mining, 11.Sep.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces record gold production of 19,406 ounces at its Segovia Operations in Colombia during August 2023, the highest monthly production since the expansion of the Maria Dama processing plant in 2022. This is a result of our efforts in optimization and improvement and represents […]