Finance Colombia

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Ecopetrol Strikes Oil In La Paz Formation, Puerto Wilches, Santander

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...

Posted On October 16, 2019

, By Loren Moss

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Frontera Energy To Announce Q3 Results, Colombia Production Remains Steady

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...

Posted On October 15, 2019

, By Loren Moss

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South American Wayúu Indigenous Leader Says Petroleum Companies, Multinationals Can Live In Harmony With The Environment & Humanity—If They Follow Certain Principles

Wayúu indigenous leader Monica Barros tells Finance Colombia what multinationals must do to make profits in harmony with communities and the land

Posted On September 8, 2019

, By Loren Moss

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Chevron Petroleum Launches Food Bank To Serve Colombia’s Wayúu Indigenous Community & La Guajira Peninsula

Chevron Corporation (NYSE:CVX) last week in Bogotá launched a major initiative to support residents of Colombia’s La Guajira department on the country’s Atlantic Coast. The global petroleum giant collaborated with the local Catholic Diocese of Riohacha and many Colombian delivery...

Posted On September 2, 2019

, By Loren Moss

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Global Hydropower Latin America 2019 Presents Key LatAm Hydroelectric Projects

On October 9 & 10 in Lima, Peru the Hydropower Latin America Congress and Exhibition will bring together over 300 decision making executives of hydroelectric plants, Latin American ministries of energy, hydroelectric companies, investors, EPCs, equipment and service providers...

Posted On August 30, 2019

, By Loren Moss

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Latin American Oil & Gas Maintains Low Half Cycle Costs Amid Higher Oil Prices, Says Fitch Ratings

According to ratings firm Fitch, Half-cycle costs for Latin American oil and gas companies increased only slightly in 2018 by 3 percent, versus an 11 percent increase the prior year, according to a new report the firm issued. “The 2018 increase was caused by higher lifting...

Posted On July 30, 2019

, By Loren Moss

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Colombia’s 1st Renewable Energy Auction Faces Peculiar Challenges

Colombia’s First Renewable Energy Auction has been set for October 22, 2019. The government has published the PPA (Power Purchase Agreement) contract and its terms of reference. There have been several relevant modifications to the auction’s design intended t...

Posted On July 18, 2019

, By Francisco Sanclemente

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Fluor Subsidiary Stork Wins Ecopetrol Contract For Cartagena & Barrancabermeja Refineries

Fluor Corporation (NYSE: FLR) announced yesterday that Stork, part of Fluor’s Diversified Services segment, together with its consortium partners, was awarded a 4-year framework agreement for plant turnaround services by Ecopetrol S.A. (NYSE: EC BVC: ECO) for its Barrancabermeja...

Posted On June 26, 2019

, By Loren Moss

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Standard & Poor’s Adds Frontera Energy To Major TSX Indices

Toronto based upstream petroleum producer Frontera Energy Corporation (TSX: FEC) announced today that the company will be added to the Standard & Poor’s TSX Composite Index, effective prior to the open of trading on Monday, June 24, 2019. The Frontera is also being added to...

Posted On June 17, 2019

, By Loren Moss

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Unido Digital Launches Global Physical Due Diligence Service For Institutional Investors, Auditors, Investment Banks

Medellín based professional services firm Unido Digital has launched a physical asset due diligence, compliance and verification practice to service the investment community, including investment banks, private equity firms, law firms, corporate investors, and high-net-worth...

Posted On June 16, 2019

, By Editorial Staff