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Fitch Affirms Ecopetrol At BBB- With Negative Outlook
The rating agency highlighted Ecopetrol's liquidity profile, supported by its cash generation, strong access to capital markets and adequate debt maturity profile.
Posted OnDecember 2, 2020
Tag
//oil
Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019
During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.
Posted OnJune 8, 2020
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 OnMay 25, 2020
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 OnMay 18, 2020
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 OnMay 5, 2020
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 OnApril 22, 2020
Colombian Government Confirms Cargo Imports & Exports, Mining, Energy, Agriculture To Continue Through Curfew
The Colombian government has clarified that foreign trade (import/export), agriculture, energy and mining activities may continue during the mandatory Coronavirus COVID-19 Curfew now in effect.
Posted OnMarch 29, 2020
Singularity Summit: Deloitte’s Duleesha Kulasooriya Examines Colombia’s Orange Economy Initiative
Finance Colombia's Loren Moss talks with Duleesha Kulasooriya, executive director of Deloitte's Center For The Edge on how disruptive transformation can benefit developing economies...but the right strategy is the key to success.
Posted OnMarch 28, 2020
Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions
Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions
Posted OnMarch 18, 2020
Armando Zamora Returns As Head Of National Hydrocarbons Agency
Today, mechanical engineer Armando Zamora Reyes (above, left) was sworn in as president of Colombia’s National Hydrocarbons Agency by Minister of Mines and Energy, María Fernanda Suárez Londoño
Posted OnMarch 12, 2020
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