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//Petrol
Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures 10% Interest in Saturno Block in Brazilian Santos Basin

Shell, the operator of the exploration plan, and Chevron both hold a 45% interest in the block. With the deal, Ecopetrol now holds the remaining 10% stake.
Posted On December 21, 2018
, By Jared Wade
Felipe Bayón (second from the right) signed the contract today in Brasila. (Photo credit: Ecopetrol)
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Ecopetrol Formalizes Joint-Exploration Contract of Brazilian Santos Basin

BP will be the operator of the exploration and has a 50% holding in the block. CNOOC has a 30% interest, with Ecopetrol having rights to 20%.
Posted On December 17, 2018
, By Jared Wade
Oil Pump Courtesy Kobiecanka - Pixabay
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Frontera Energy to Pay Dividend of $0.33 CAD on January 17

All shareholders of record at the close of business on January 3 will be eligible to receive the dividend.
Posted On December 14, 2018
, By Jared Wade
oil drilling (Photo credit: Moni49 / Pixabay)
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Arrow Exploration Corp. to Offload Partial Interest in VMM-2 Oil Block in Middle Magdalena Basin

Arrow Exploration will bring in $5 million USD by selling a 46.9% interest in what it refers to as the the "deeper section" of the block and a 20% interest in the "shallow section."
Posted On December 10, 2018
, By Jared Wade
oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Signs Agreement with CGX Energy for Interest in Exploration Blocks off the Coast of Guyana

"This joint venture forms an important part of Frontera's plans to build growth for the future,” said Gabriel de Alba, chairman of the board of directors of Frontera Energy.
Posted On December 10, 2018
, By Jared Wade
Ecopetrol Reficar Coking
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Fitch Ratings Raises Ecopetrol Credit Rating to BBB

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.
Posted On December 8, 2018
, By Jared Wade
oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Turnaround Continues with $45.1 Million USD in Net Income This Quarter

Frontera's oil-price hedges have now expired, and it believes that this will be a boon for future earnings as it tries to further move beyond its most trying financial times.
Posted On November 13, 2018
, By Jared Wade
(Photo credit: kuanish-sar / Pixabay)
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In Response to Air Quality Concerns, Ecopetrol Has Reduced Sulfur Content of Diesel Fuel Closer to U.S. Levels

The diesel Ecopetrol distributed across Colombia in September had an average of 17 parts per million, just north of the 15 ppm limit mandated in the United States.
Posted On October 14, 2018
, By Jared Wade
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Ecopetrol Agrees to Deal to End Labor Dispute with Petroleum Workers Union

The new deal with the Petroleum Industry’s Workers Union (USO) lasts through 2022. Workers will receive a raise of the inflation rate plus 1.21% in 2018 and inflation plus 1.7% in the next four years.
Posted On September 25, 2018
, By Jared Wade
Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures $665 Million USD Contingent Line of Credit from Scotiabank, Mizuho Bank

Ecopetrol says it may draw upon the credit line to strengthen its "liquidity position in the face of eventual growth opportunities" or "mitigate risks associated to unexpected fluctuations in crude prices."
Posted On September 10, 2018
, By Jared Wade
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RECENT

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COMMENTS

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