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Frontera Energy’s Cost Cutting Is a Positive Development, Says Fitch

Fitch Ratings believes Frontera Energy's (TSX: FEC) cost cutting initiative and reduction in production volumes are positive developments to preserve the company's strong liquidity position.

Posted On May 18, 2020

, By Loren Moss

Photo courtesy ACP

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

LNG Floating Storage Unit (CNW Group/Pacific Rubiales Energy Corp.)

Frontera Energy Moves To Defend Against Low Petroleum Prices

Petroleum producer Frontera Energy Corporation (TSX: FEC) last week announced responses to the lower oil price environment caused by excess global supply and the Coronavirus COVID-19 pandemic, including a reduction in the 2020 capital plan and acceleration of cost savings initiatives.

Posted On April 3, 2020

, By Loren Moss