By the end of 2020, the Ecopetrol Group's net proven reserves totalled 1,770 million barrels of oil equivalent (MBOE), which represents a 6.5% decrease versus 2019 (1,893 MBOE). The reserves replacement ratio was 48%, with an average reserve life of 7.5 years.
Fitch Ratings has assigned a ‘BB+’ rating to TermoCandelaria Power Ltd.’s proposed notes reopening of up to $200 million USD under its 7.875% senior unsecured notes due 2029. TermoCandelaria initially issued $410 million in senior unsecured notes in January 2019...
Because the nation generates around two-thirds of its energy through hydropower, the required emissions cut should be less daunting for Colombia than many other countries.
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) has issued a statement indicating that, along with partner Anadarko, it has verified the presence of hydrocarbon resources at the ultra-deepwater depth of 3720 meters, via its Kronos-1 well in the Fuerte Sur block. This...