On May 23, Colombia’s Superintendency of Public Utilities (Superservicios) imposed a management program on gas provider Alcanos S.A., following the discovery of billing irregularities that resulted in unjustified overcharges to users.
S&P Global Ratings revised the outlook for Colombian oil and gas company Frontera Energy Corp. (TSE: FEC).
This week’s Analyst’s Desk contribution is from periodic contributor Tomás de la Calle, who brings us the checkered history of Shell’s on-again-off-again relationship with Colombia.
GeoPark (NYSE: GPRK) is making bold moves to position itself as a leading oil and gas company in Latin America. At the heart of its strategy lies a major investment in human capital, specifically, by recruiting top-level executives who previously held senior roles at Colombia’s state-run oil giant, Ecopetrol (NYSE: EC).
At a time when Ecopetrol’s (NYSE: EC) profits are declining and the possibility of importing Venezuelan gas remains uncertain, PDVSA Colombia has not only received millions from Colombia’s state oil company but is now asking for even more.
GeoPark Limited (NYSE: GPRK) announced that Phoenix Global Resources has chosen to withdraw from a previously agreed transaction involving a non-operated interest in four unconventional blocks in Argentina’s Vaca Muerta formation. As a result, GeoPark will not complete the acquisition.
Fitch Ratings affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of SierraCol Energy Limited at ‘B+’, maintaining a Stable Outlook.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending March 31st, 2025.
Frontera Energy (TSX: FEC) announced its financial and operating results for 1Q25.
Parex (TSX: PXT) announced its financial and operating results for the first quarter 2025. Here are the details.
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