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Month

//January 2015
1

Understanding Petroleum Production Acronyms, Phrases & Abbreviations

Definitions                                                                                    Bcf Billion cubic feet. Bcfe Billion cubic feet of natural gas equivalent. bbl Barrel of oil. bbl/d Barrel of oil per day. boe Barrel of oil equivalent. Boe’s may be misleading,...
Posted On January 24, 2015
, By Loren Moss
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Gran Colombia Gold to Resume Paying Interest on Senior Debt

Struggling Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) announced today that it has negotiated a favorable contract amendment with the primary contract miner at its Segovia Operations and the company will resume monthly interest payments on February 28, 2015 on its Senior...
Posted On January 24, 2015
, By Loren Moss
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Colombia’s Mining Regulatory Agency Selects Argus Coking Coal Price Assessments

Colombia’s mining regulatory agency, Agencia Nacionál de Mineria (ANM) has started pricing coking coal for royalty calculations using price assessments published by global energy and commodity news and price reporting agency Argus. This expands Colombia’s innovative...
Posted On January 24, 2015
, By Loren Moss
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Neuberger Berman Opens 2nd Latin American Office in Bogotá

Neuberger Berman, a New York based employee-owned investment manager, is pleased to announce the opening of a new office in Bogota, Colombia. The office is located on the 14th floor of Calle 100 #7-33, Tower 1. Bogota is Neuberger Berman’s second location in Latin America,...
Posted On January 24, 2015
, By Loren Moss
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Fitch: Outlook Stable for Colombian Insurance Sector in 2015

Fitch Ratings this week announced a stable outlook for the Colombian insurance industry today. The stable sector outlook reflects Fitch’s expectation that the key credit metrics of the Colombian insurance sector will remain broadly stable and the industry will manage to...
Posted On January 23, 2015
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Fitch Affirms Davivienda at ‘BBB-‘; Revises Outlook to Positive

Davivienda’s Rating Outlook was revised to Positive given Fitch’s expectation that the banks’ financial profile and performance will continue to improve. The bank’s integration of its subsidiaries in Central America (HSBC’s former subsidiaries in...
Posted On January 23, 2015
, By Loren Moss
President Santos in Bogotá's El Dorado International Airport, flanked by 2 airport employees. Photo credit: Efraín Herrera
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Colombia Announces Plans For Airport Expansions, Including Possible 2nd Bogotá Airport

President Juan Manuel Santos announced Wednesday plans to expand the El Dorado International Airport in Bogotá, which seeks to increase the current capacity of 50 operations per hour and 27 million passengers per year, to 90 operations per hour and approximately 40 million...
Posted On January 21, 2015
, By Loren Moss
Mauricio Cardenas, photo courtesy MinHacienda
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Colombia Issues $1.5 Billion (USD) Bonds At Record Low 5% Rate

The bonds, due in 2045, have a 5% coupon, the lowest rate that Colombia has achieved to date. The Ministry of Housing and Public Credit, Minhacienda, completed a successful bond offering today of $1.5 Billion (US), though there was $5 billion worth of demand from 244...
Posted On January 21, 2015
, By Loren Moss
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Fitch Affirms Medellín’s International Credit Ratings, Outlook Stable

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...
Posted On January 20, 2015
, By Loren Moss
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OECD Urges Colombian Tax Reform For Economic Diversification

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward...
Posted On January 20, 2015
, By Loren Moss
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