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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...

Definitions                                                                                    Bcf Billion cubic feet. Bcfe Billion cubic feet of natural gas equivalent. bbl Barrel of oil. bbl/d Barrel of oil per day. boe Barrel of oil equivalent. Boe’s may be misleading,...

HOUSTON, Jan. 6, 2015 /PRNewswire/ — Swift Worldwide Resources, the premier supplier of manpower resources to the oil and gas industry, is expanding its global reach by opening three new international branches. These offices bring the total number of Swift locations to 30,...

According to company reports, government owned Ecopetrol broke a single day production record in it’s Chichimene, Meta oil field, pumping 86,389 barrels of crude oil on January 2nd. A year ago, the field was producing 48,446 barrels per day, so the mature field is now...