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UPDATE: According to Colombia Reports, Chile’s Colbun drops out of bidding for Colombia’s Isagen on Monday, January 11, 2 days before the slated auction After a series of debates in Congress and conflicting positions between Colombian political parties, the Colombian...

Petroamerica Oil Corp. (TSX-V: PTA), has announced that it has completed a vertical amalgamation with its wholly-owned subsidiaries, Aries Exploration Corp., Petroamerica Inc. and Petroamerica International Corp. pursuant to subsection 184(1) of the Business Corporations Act of...

Last week, Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced that it has obtained an extension of the waivers previously granted by its lenders in respect of the Net Worth Covenant that requires the company to...

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that its Board of Directors approved the Ecopetrol Group 2016 Investment Plan for US$4.8 billion. The approved investment budget is in line with the new corporate strategy, and is attuned to the challenging situation of...

Ecopetrol’s Oleoducto (Pipeline) Caño Limón Coveñas has reached 30 years of operation, reported Ecopetrol this month. Over that time, the pipeline has transported 1.5 billion barrels of crude oil, contributing $148 billion pesos to the economies of the surrounding areas. Such...

Unisys Corporation (NYSE: UIS) has announced this past week that Empresas Públicas de Medellín (EPM) has renewed its contract for cybersecurity with Unisys, covering information security threat and event management For EPM’s domestic Colombian operations. The renewal means Unisys...

Fitch Ratings-New York-29 October 2015: The weather phenomenon known as El Nino, which causes lower water precipitation in Colombia, is currently putting the country’s electricity regulatory framework to the test, according to Fitch Ratings. A drought that could last until...

Latin American oil and gas explorer GeoPark Limited (NYSE: GPRK), with current operations in Chile, Colombia, Brasil, and Argentina, has announced a new oil field discovery following the drilling of the Chachalaca 1 exploration well, located on the Llanos 34 Block in Colombia,...

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, has announced the start of operations of Puerto Bahía port facilities in Cartagena, Colombia. The multimodal terminal officially started liquid and general bulk transport...

State owned petroleum company Ecopetrol and its subsidiary Cenit has commenced operation of two new hydrocarbon storage tanks in the Coveñas maritime terminal, Colombia’s primary petroleum shipping port. The two new tanks, each with capacity of 420,000 barrels, are part of a...