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After five years without any new signed hydrocarbons exploration and production contracts, Colombia’s ANH (National Hydrocarbons Agency) in charge of the allocation of oil fields for production, achieved a historic success rate of 55% of the areas offered. Two continental blocks,...

Australis Partners, an independent private equity firm focused on Latin America, in association with Caisse de dépôt et placement du Québec (CDPQ), a Canadian institutional investor and the International Finance Corporation (IFC), a member of the World Bank Group, today finalized...

Hosted by GFC Media Group, Project Finance & Capital Markets Latin America, exclusively designed for projects in Latin America to be unlocked, and innovative financing solutions in capital markets can be discussed, will be launching on September 4th 2019, at The Four Seasons...

Today Fitch Ratings announced the appointment of managing director Carlos Fiorillo as head of Latin America, effective immediately. Fiorillo succeeds Peter Shaw, who has retired after 25 years of service at Fitch. Most recently, Fiorillo was the head of Fitch’s Mexico operations,...

Liberty Seguros, subsidiary of US based Liberty Mutual Insurance Group, is selling its group, labor and individual life insurance business in Colombia to local insurer Seguros Bolivar. Finalization of the transaction is subject to the approval of Superfinanciera, the Financial...

Chevron Petroleum has received a green light from Colombia’s Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio) to purchase Peru-based Primax’s interest in their jointly owned petroleum terminals in the Cali suburb of Yumbo, and the Pacific port...

Petroleum producer Frontera Energy (TSX:FEC)has announced an increase in production to 65,560 barrels of oil per day , equivalent in the first quarter of 2019, up 4% from the same quarter last year. The Canada based company with operations in Colombia attributes the increase to...

Colombia’s financial superintendent Jorge Castaño Gutiérrez has appointed the economist Juan Carlos Mendoza as the delegate for the Supervision of Market Risk and Liquidity for Superfinanciera, Colombia’s financial regulatory body. Mendoza worked for more than 10 years in the...

On April 25, 2019, the Andean region’s banking elite will turn out for the annual Bonds & Loans Latin America Awards at the JW Marriott in Bogotá. Over 380 leading banking executives and their clients will attend the ceremony. Big winners include the Dominican Republic who...

Banco de Bogotá, member of financial conglomerate Grupo Aval, was named as the “Best Bank in Colombia” for 2019 according to financial magazine Global Finance. The selection was made by the editors of Global Finance, after  consultations with financial executives,...