Finance Colombia

Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Finance Colombia readers are invited to attend a virtual tour around the production site of Ecopetrol’s Cartagena Refinery within the Online Business Congress and one-on-one Meetings during the “Colombia Oil and Gas 2020” congress July 22-24.

Posted On June 11, 2020

, By Loren Moss

Ecopetrol Barrancabermeja Oil Spill Santander 2

Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de...

Posted On June 8, 2020

, By Loren Moss

Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.

Posted On June 8, 2020

, By Loren Moss

Colombia Oil & Gas 2020 To Be Held Online July 22-24

The 2nd Online Business Congress and One-on-One meetings event “Colombia Oil And Gas 2020” is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil and Gas...

Posted On May 25, 2020

, By Loren Moss

gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production

Gran Tierra Energy Announces Q1 2020 Results

Gran Tierra Energy announced that its net loss was $252 million compared with net income of $27 million in the Prior Quarter, due to lower revenues primarily from the collapse in oil price

Posted On May 25, 2020

, By Loren Moss

Ecopetrol oil and gas company headquarters in Bogotá, Colombia

Ecopetrol Announces Q1 2020 Results

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced last week the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. Table 1: Financial Summary of Income...

Posted On May 25, 2020

, By Loren Moss

Frontera Energy’s Cost Cutting Is a Positive Development, Says Fitch

Fitch Ratings believes Frontera Energy's (TSX: FEC) cost cutting initiative and reduction in production volumes are positive developments to preserve the company's strong liquidity position.

Posted On May 18, 2020

, By Loren Moss

Gran Colombia Gold To Purchase 11.2 MW Solar Project In Tolima

Gran Colombia Gold has announced a deal with Renergetica to purchase the 11.2 MW Suarez Solar Project In Tolima, Colombia

Posted On May 18, 2020

, By Loren Moss

Colombia Imposes Countervailing Tariffs On US Ethanol

Of the total corn subsidies paid by the US government, 68.7% went towards the production of ethanol, amounting to $0.06646 USD per kilogram subsidy.

Posted On May 11, 2020

, By Loren Moss

Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...

Posted On May 5, 2020

, By Loren Moss