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The Regional Association of Oil, Gas and Biofuels Sector Companies in Latin America and the Caribbean (ARPEL) has announced last week its signature of the statement of support to the Women’s Empowerment Principles promoted by UN Women and the United Nations Global Compact....

Medellín based utility company EPM (Empresas Públicas de Medellín) announced last week that it has decided to pause the planned first stage of the sale of its shares in Interconexión Eléctrica S.A. (ISA). Currently, in this process, 112,605,547 ordinary shares, equivalent to...

Colombian petroleum producer Ecopetrol S.A. has announced that José Cotello, who had been serving as Regional Vice President Orinoquía (VRO) since 2015, was appointed as President of the Ecopetrol subsidiary in Brazil and will assume his new functions as of April 1, 2019. The...

Frontera Energy (TSX:FEC) achieved or exceeded its original 2018 guidance targets, with the exception of production guidance where it achieved revised guidance. Average production before royalties of 71,032 boe/d (within guidance range of 70,000 to 72,000 boe/d), operating EBITDA...

Shell, the operator of the exploration plan, and Chevron both hold a 45% interest in the block. With the deal, Ecopetrol now holds the remaining 10% stake.

BP will be the operator of the exploration and has a 50% holding in the block. CNOOC has a 30% interest, with Ecopetrol having rights to 20%.

All shareholders of record at the close of business on January 3 will be eligible to receive the dividend.

Arrow Exploration will bring in $5 million USD by selling a 46.9% interest in what it refers to as the the "deeper section" of the block and a 20% interest in the "shallow section."

"This joint venture forms an important part of Frontera's plans to build growth for the future,” said Gabriel de Alba, chairman of the board of directors of Frontera Energy.

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.