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Isagen will issue the AAA-rated ordinary bonds on September 13 through the Colombia stock market in a Dutch auction.

Amid road blocks and bridge damage from a strike in Putumayo, Ecopetrol says up to 40,000 barrels per day of its production is now at risk.

If violations are proven, the Superintendency could levy fines as high as $23.7 million USD against each of the involved companies.

Ecopetrol CEO Juan Carlos Echeverry has called for an "extraordinary" shareholder meeting next month to fill open seats on the oil company's board of directors.

The drilling push is expected to bring Ecopetrol's new well count to 105 in 2016, with 35 additional wells coming to the lucrative Rubiales oilfield.

The Medellín utility credits the poor results largely to an El Niño-related drought that plagued Colombia in the early part of 2016.

Despite 98% of creditors approving a Catalyst Capital restructuring plan this week, Pacific Exploration says it is still weighing an alternative proposal from a group including its largest shareholder.

More than 98% of affected creditors approved the plan, and Pacific Exploration expects to get official sign off from a Canadian court on August 23.

With its share of Gunflint field, Ecopetrol America's operations in the United States now exceed 10,000 barrels of oil equivalent per day.

Pacific Exploration & Production Corp. has extended its proxy and election deadline until 5:00 p.m. on August 12, 2016.