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Colombian petroleum company Ecopetrol (NYSE: EC, BVC: ECO) has announced today that its exploratory well Flamencos-1 in Puerto Wilches, Santander, has encountered oil in the La Paz formation. The Ecopetrol well reached a depth of 8,561 feet (2,620 meters) and penetrated the La...

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced high-grade channel sampling assay results from six development drifts being prepared as part of the underground construction at its Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on...

Frontera Energy Corporation (TSX: FEC) has delivered estimated third quarter 2019 production of 70,200 boe/d (barrels of oil equivalent per day) in-line with 2019 year to date production of 70,820 boe/d, both of which are above the high end of Frontera’s annual production...

Colombian petroleum company Ecopetrol (NYSE: EC, BVC: ECO) has announced that for the first half of 2019, asphalt sales have reached 212,888 tons, representing an increase of 47% over the same semester of 2018, and the highest amount in the past 3 years. The company attributes...

The Colombian town of La Macarena, Meta and surrounding areas has been certified as a “sustainable tourism destination” by ACERT S.A. and recognized by Colombia’s deputy minister of tourism, Julián Guerrero Orozco. The sustainability designation includes Colombia’s famous Caño...

The United States National Oceanic and Atmospheric Administration (NOAA) has authorized the lifting of the embargo on yellowfin tuna from Colombia, announced Colombia’s Ministry for Commerce, Industry and Tourism. The action was taken after the Colombian government...

Bancoldex, Colombia’s development bank, has announced a new $50 million line of credit for microenterprises and small businesses to finance projects that reduce greenhouse gases, adapt to climate change, or mitigate environmental impact. The credit like has a term of up to 3...

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Marmato Project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by...

One in four Fitch-rated corporates in Latin America is exposed to either a one-notch sovereign or country ceiling downgrade, while ratings for nearly one-third of issuers are vulnerable to a two-notch downgrade, according to Fitch Ratings. There are a meaningful number of...

On October 4, 2019, United Airlines, Inc. (NASDAQ: UAL) and Kingsland Holdings Limited delivered to Avianca Holdings S.A. (NYSE: AVH, BVC PFAVH) a commitment to provide Avianca at least a $250 million senior secured convertible loan, expected to close on or before October 15,...