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By

//Loren Moss
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Harbour Energy Back In Pursuit Of Pacific Energy; Floats Tender Offer For Outstanding Debt At 17.5% Of Face Value

After being rebuffed last summer by a major Venezuela based shareholder when it attempted to acquire Pacific Exploration & Production (TSX:PRE) (BVC:PREC) , then known as Pacific Rubiales, in a joint offer along with ALFA S.A.B. of Mexico, Harbour Energy is attempting to take...
Posted On January 25, 2016
, By Loren Moss
US Ambassador Kevin Whitaker (Photo courtesy US Embassy, Bogotá)
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US Ambassador Fetes Success of “100,000 Strong In The Americas” Exchange Student Program in Colombia

Ambassador of the United States Kevin Whitaker received at his residence last Friday morning several members from Colombia’s private sector to celebrate the success of the  100,000 Strong in the Americas (La Fuerza de 100,000 en las Americas) higher education initiative in...
Posted On January 23, 2016
, By Loren Moss
Downtown Bogota street scene - Photo credit Loren Moss
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Fitch: Colombia’s Insurance Market Continues To Be Attractive To New Participants

Bogotá, Colombia–(Business WIre)– Fitch Ratings has announced that its Sector and Rating Outlooks for the Colombian insurance industry are currently stable, and that there is a high likelihood Fitch will affirm the ratings of most Colombian insurance companies in...
Posted On January 23, 2016
, By Loren Moss
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Electricaribe Awards Peru’s Graña Y Montero Subsidiary 5-Year $63 Million USD Electricity Technical Services Contract

Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) announced Friday evening that their subsidiary CAM Colombia Multiservicios S.A.S. has obtained the Buena Pro for the “Comprehensive Electricity Contract” to provide engineering and technical services for the Colombian company...
Posted On January 23, 2016
, By Loren Moss
LNG Floating Storage Unit (CNW Group/Pacific Rubiales Energy Corp.)
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Pacific Exploration & Production Gets An Extension To Looming Minimum Liquidity Deadline

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the company and its lenders have agreed to extend the Liquidity Deadline to February 4, 2016, “or such later date as the company and its lenders shall agree.” This comes after the oil company...
Posted On January 21, 2016
, By Loren Moss
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Zonte Metals Closes Private Placement

Zonte Metals Inc. (TSXV: ZON) has announced the closing of a private placement offering including the second tranche which closed on January 20, 2016. Zonte Metals Inc. is a junior explorer focused on gold and copper that is actively reviewing and completing field due diligence...
Posted On January 21, 2016
, By Loren Moss
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Nielsen: 57% Of Colombian E-Commerce Shoppers Still Pay COD (Cash On Delivery)

New York, January 20, 2016 (PRNewswire) — E-Commerce is going mobile and innovative technology is allowing consumers around the world unprecedented access to products. Consumers are no longer limited to the product selection at their local store or even in their own...
Posted On January 20, 2016
, By Loren Moss
Mayors Challenge - Bloomberg
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Call For Entries: Bloomberg Philanthropies Offers $9 Million To Latin American, Caribbean Cities For Innovative Ideas

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The...
Posted On January 20, 2016
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Downgraded By Moody’s To Baa3/ba3, Persistent Low Oil Prices Cited

Moody’s Investors Service announced yesterday that it has downgraded Colombia’s government controlled petroleum company Ecopetrol’s senior unsecured ratings to Baa3 from Baa2. At the same time, the company’s BCA (Baseline Credit Assessment) was lowered to ba3 from...
Posted On January 19, 2016
, By Loren Moss
Courtesy JayMantri - Pixabay
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European Based Transcom WorldWide Contact Centers Pulling Out Of Colombia; Chile & Peru May Be Next

Sweeden based Transcom WorldWide AB, trading on the Stockholm NASDAQ exchange (STO:TWW) today announced that it will close its loss-making contact center in Cali, Colombia, and that the board of directors is evaluating strategic alternatives for the company’s remaining Latin...
Posted On January 19, 2016
, By Loren Moss
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