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Turmoil At EPM Deepens As Colombia’s Human Rights Tribunal Subpoenas General Manager

EPM's General Manager Alvaro Guillermo Rendón has been given 5 days to respond to a subpoena from Colombia's human rights tribunal, which has been seeking information regarding EPM's handling of the remains of conflict victims at its troubled Hidroituango dam.
Posted On August 25, 2020
, By Loren Moss
2

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.
Posted On August 17, 2020
, By Loren Moss
EPM Headquarters Building in Medellín's Plaza Mayor
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EPM’s New Dollar-Denominated Debt Rated As BBB By Fitch

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...
Posted On July 8, 2020
, By Loren Moss
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Colombia Oil & Gas 2020 To Be Held Online July 22-24

The 2nd Online Business Congress and One-on-One meetings event “Colombia Oil And Gas 2020” is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil and Gas...
Posted On May 25, 2020
, By Loren Moss
Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Announces Q1 2020 Results

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced last week the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. Table 1: Financial Summary of Income...
Posted On May 25, 2020
, By Loren Moss
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Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...
Posted On May 5, 2020
, By Loren Moss
Photo courtesy ACP
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Colombian Petroleum Industry Calls On Urgent Government Action To Mitigate Petroleum Crisis

The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.
Posted On April 22, 2020
, By Loren Moss
Image by highflyer100 from Pixabay
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Guest Editorial: Oil Crisis – Project Iceberg

This oil crisis is quite different from the previous ones because instead of raising the price of a barrel of oil, it lowers it to levels well below the world standard cost of production due to the global economic slowdown caused by the pandemic.
Posted On April 17, 2020
, By Sergio Escobar
3

“Serious Human Rights Violations:” UN Issues Colombia Human Rights Report

United Nations High Commissioner For Human Rights Michelle Bachelet has issued statements and the UN Report on human rights in Colombia. Bachelet stated grave concerns regarding persistent violence, misuse of the Colombian armed forces by the Ivan Duque administration, and the...
Posted On March 4, 2020
, By Loren Moss
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Shell & Ecopetrol Sign Deal To Develop Offshore Colombian Gas

Colombia’s state controlled petroleum producer Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) and Shell (AMS: RDSA, NYSE: RDS.A) through Shell subsidiary Shell EP Offshore Ventures Limited, signed a deal which will see Shell acquire a 50% stake in the Fuerte Sur, Purple Angel and...
Posted On February 8, 2020
, By Loren Moss
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