The most surprising news of the past week was Ecopetrol’s decision to make a bid for 51.4% of the country’s long-haul electricity transmission provider, ISA. This could be a financial trick by Hacienda to turn 8% of its Ecopetrol stock into cash, a way to assure a floor price for ISA or it could be, as ECP said in its press release, a major step along its way to becoming a diversified energy company.
The Ministry of Mines and Energy (MinEnergia) presented its perspectives for this year.
Fedesarrollo, with information from the Colombian Stock Exchange (BVC), published the Survey of Colcap’s sectors and the shares most attractive to investors.
ANH’s Armando Zamora spoke about the 2021 Colombia Round, and the expectations about this process.
Fitch Ratings Announced Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) for Canacol Energy Ltd.
Gran Tierra Energy (TSX: GTE) announced its 20202 year-end reserves, as evaluated by the company’s independent qualified reserves evaluator, McDaniel & Associates Consultants Ltd.
Ecopetrol (NYSE: EC) announced new renewable energy facilities to boost oil and gas production in the municipality of Castilla La Nueva (Meta).
The government has a package of 33 hydrocarbon and energy projects to reactivate the economy, but these projects are not progressing as planned.
The election of Joe Biden as president of the US generated many reactions about the possible effects on the economy for Colombia and Latin America. Experts spoke on this topic.
The Ministry of Mines and Energy (MinEnergia) announced oil production in the first weeks of January, with worrying data.