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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced yesterday that the General Shareholders’ Meeting, held March 26th, 2015, approved an ordinary dividend of 133 Colombian pesos (COP$133) per share. The General Shareholders’ Meeting approved a lump sum...

Consistent with Fitch Ratings’ belief that a major acquisition by Empresa de Energia de Bogota S.A. E.S.P.’s (EEB) is unlikely in the near to medium term, the company publicly declared it will not be participating in the republic of Colombia’s attempted sale of...

Deepwater and unconventional E&P activities in Colombia are experimenting a significant boost, creating great business opportunities for international companies. Monday, May 4th, 2015, 8:00 am – 12:00 pm OTC – NRG Arena – Houston, TX 77054 While Colombia is...

Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade,...

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced last week that it has received approval from the Brazilian Securities Commission and the Brazilian Stock Exchange (BM&FBOVESPA – Bolsa de Valores, Mercadorias e Futuros), effective immediately, for the...

Ecopetrol (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced last week that its board of directors appointed Juan Carlos Echeverry as the new CEO of the company, effective April 6, 2015. With extensive knowledge of economics, the ability to lead processes of change, experience in...

Latin American oil and gas explorer GeoPark Limited announced this morning a new oil field discovery following the drilling of exploration well Tilo 1, located on the Llanos 34 Block in Casanare Department,Colombia, several hours East of Bogotá. GeoPark operates and has a 45%...

Gran Tierra announced that it has reduced its capital budget for 2015 to $140 million.  This is a reduction of $170 million from the previously announced budget of $310 million.   The revised budget for operations in Colombia, Peru and Brazil allocates $50 million t...

Canacol Energy Ltd.  (TSX:CNE; OTCQX:CNNEF;BVC:CNEC) announced last week, the appointment of Francisco Diaz to the board of directors with immediate effect. Mr. Diaz is currently a Managing Partner of Evolvere Capital, a Private Equity firm that manages variou...

The depressed global oil prices have not been kind to Pacific Rubiales, Colombia’s largest independent oil producer. Heavily staffed with refugees from Venezuela’s PDVSA, the company is finding it even more challenging to create shareholder value than its other petroleum sector...