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//Energy
EPM General Manager Alvaro Rendón (left) with Medellín Mayor Daniel Quintero (photo credit: EPM)
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Medellín’s Mayor Quintero To Be Deposed Over Firing Of EPM General Manager

According to former GM Rendón in several interviews, the mayor fired him due to his resistance of the mayor's interference in EPM’s internal management, contrary to the established corporate governance framework that allows EPM to operate as a business without direct political...
Posted On March 11, 2021
, By Loren Moss
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Frontera Energy Appoints New CEO, Issues 2021 Guidance

Since the new Frontera emerged in November 2016, Frontera has made tremendous progress. The team has improved Frontera's performance and reputation, exited underperforming assets and agreements, driven down costs, and maintained a strong production and financial profile...
Posted On March 10, 2021
, By Loren Moss
The measurements are carried out by means of a 150-meter-high meteorological tower that was installed in a lot near the oil producer’s Cartagena refinery.
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Ecopetrol Investigating Wind Energy Feasibility In Cartagena, Huila, Casanare

The company estimates that in the second half of this year it will also begin wind energy potential measurements in the Colombian departments of Huila and Casanare on land adjacent to its local operations in those regions.
Posted On March 10, 2021
, By Loren Moss
Ecopetrol President Felipe Bayón
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Ecopetrol Announces 2020 & Q4 Results, President Defends ISA Deal

Ecopetrol reports sales down 23.6% year-on-year for the 4th quarter of 2020, to 14,190 trillion Colombian pesos, or 3.95 billion USD. Full year sales are down 29.4% to 13.8 billion. The company was able to report net income of 1.7 trillion pesos, or $471 million USD.
Posted On March 2, 2021
, By Loren Moss
Vostock LNG 2021
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Invitation: Participate In The 1st LNG Online Congress in Latin America, the Caribbean and Brazil

In the virtual platform of Vostock Capital you will be able to attend all the scheduled conferences, look for the participants and hold 1 to 1 video meetings with them or have a conversation via chat, allowing you to do business and contacts from anywhere in the world.
Posted On March 2, 2021
, By Loren Moss
The transformers each have a capacity of 112 MVA (million volt amperes) and will transform the generator output from 18 kilovolts to the grid distribution voltage of 500 kilovolts. Each is 4 meters high and weighs 110 tons when filled with oil.
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EPM’s Hidroituango Project Installs 1st of 25 500-Kilovolt Transformers

When the catastrophic flooding occurred on April 18, 2018, 18 transformers had been installed, but were submerged for 9 months when engineers had to flood the power generation chamber to save the rest of the structure. This left the transformers completely destroyed,...
Posted On February 23, 2021
, By Loren Moss
la cira infantas ecopetrol loan cash on hand
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Ecopetrol Net Proven Reserves Down 6.5%

By the end of 2020, the Ecopetrol Group's net proven reserves totalled 1,770 million barrels of oil equivalent (MBOE), which represents a 6.5% decrease versus 2019 (1,893 MBOE). The reserves replacement ratio was 48%, with an average reserve life of 7.5 years.
Posted On February 20, 2021
, By Loren Moss
SINPRO President Olga Lucia Arango
1

SINPRO, EPM’s Largest Labor Union Warns The Battles Between Medellín’s Mayor & EPM’s Former GM Are Hurting The Utility Conglomerate

Olga Lucia Arango, president of SINPRO, EPM's largest labor union, expresses in a letter shared with Finance Colombia, the union's grave concerns with the behavior of, and public battle between Medellín Mayor Daniel Quintero and EPM former GM Alvaró Rendón, who was both hired...
Posted On February 12, 2021
, By Loren Moss
Rendition showing fully expanded Puerto Solo Energy Hub Port Complex to be built in Buenaventura, Colombia
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SeaOne To Build New Natural Gas Port & Infrastructure In Buenaventura, Colombia

The Puerto Solo Energy Hub Port Complex intends to facilitate international trade by receiving and delivering imported natural gas to the Pacific region of Colombia, providing storage and pipeline infrastructure to store and deliver 1.8 million barrels of fuel into the Colombian...
Posted On February 11, 2021
, By Loren Moss
EPM General Manager Alvaro Rendón (left) with Medellín Mayor Daniel Quintero (photo credit: EPM)
2

Former CEO of EPM Denounces Medellín’s Mayor As A Menace To The Utility’s Corporate Governance & Independence

According to Rendón on radio interviews he gave with Colombian radio stations Blu Radio and W Radio, Mayor Quintero has led a hostile takeover of EPM. In the interviews, Rendón accused the mayor of attempting to install his private secretary, Camila Villamizar, on various EPM...
Posted On February 8, 2021
, By Loren Moss
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