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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.

The state-controlled oil giant and the U'wa community that has spent decades fighting energy firms have negotiated an end to their standoff in Norte de Santander.

While Ecopetrol's long-term foreign-currency IDR was maintained at BBB, its outlook has changed to negative, and the energy giant's long-term local-currency IDR was downgraded one notch.

This is Gran Tierra's third big play in Colombia already this year after the Calgary-based firm acquired Petroamerica Oil and PetroGrenada in January.

The expiration of a contract between Pacific Exploration and Ecopetrol cedes the Canadian firm's 43% stake in the vast Campo Rubiales field to the state-run oil company.

“EIG’s binding proposal is undeniably superior and is clearly in the best interests of creditors, the company, and its other stakeholders," said EIG CEO Blair Thomas.

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed Isagen S.A. ESP’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘, while revising the Rating Outlook Positive from Stable. Fitch has also affirmed Isagen’s...