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After manufactured uproar, Hocol says no plans for Meta oil sands

Hocol reassured the San Juan de Arama Municipality that despite alarms being sounded that it had an imminent plan to extract crude from oil sands, it has no plans to do so and its environmental license does not contemplate it either.

Thursday, March 10th, 2016
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Parex narrows loss, grows production in 2015

Parex narrows loss, grows production in 2015

Parex Resources (TSX:PXT) reported an increase in production in 2015 and said that its net loss had shrunk compared to the previous year, adding that it has also cleaned up its debt and remains poised for the year to come.

Wednesday, March 9th, 2016
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Reficar scandal matures

Reficar scandal matures

The initial headline frenzy generated by a General Controller report on budget overruns at the Cartagena Refinery (Reficar) has slowed, as some of the big names implicated in the scandal sound off with their arguments and explanations. We summarize some of the bigger stories.

Tuesday, March 8th, 2016
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Ecopetrol ends 2015 in the red

Ecopetrol ends 2015 in the red

Ecopetrol (NYSE:EC) had been able to escape quarterly losses for much of 2015, buoyed by its transportation business and improved refining results. But its year end 2015 financial results could not escape a global trend of impairment charges from the low oil price, with the NOC posting a CoP$3.9T loss (US$1.23B)

Monday, March 7th, 2016
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Ecopetrol taps new legal VP

Ecopetrol says that it has tapped Fernán Ignacio Bejarano Arias, who has worked with a number of public entities and boards, as its new legal vice president.

Monday, March 7th, 2016
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Ecopetrol reports 11% reduction in proven reserves

Ecopetrol reports 11% reduction in proven reserves

Ecopetrol (NYSE:EC) announced an 11% reduction in its 1P reserves of crude and natural gas in 2015, confirming a reserves/production ratio of 7.4 years.

Thursday, March 3rd, 2016
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Ecopetrol to suspend Akacías field

Ecopetrol (NYSE:EC) has received permission from the National Hydrocarbons Agency (ANH) to suspend the Akacías field in the CPO-9 block in Meta, the second such shut in it has announced in as many weeks.

Thursday, March 3rd, 2016
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TGI names new president UPDATED

Julian Garcia Salcedo has been designated as the new president of TGI, the natural gas distributor owned by The Bogotá Energy Company (EEB) with one of the largest urban gas networks in the country.

Thursday, March 3rd, 2016
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Geopark reports reserves increase in 2015

Geopark (NYSE:GPK) updated its 2015 reserves count in Colombia, Chile, Brazil and Peru, reporting a net proven developed producing (PDP) reserve replacement ration of 150% for 2015. Its total net P1 reserve count increased 13% to reach 71.1mmboe.

Thursday, March 3rd, 2016
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Echeverry has his team assembled

The renovation of Ecopetrol’s (NYSE:EC) management team is now complete, following the arrival of Juan Carlos Echeverry last year and the shuffling of the 22 upper management positions.

Tuesday, March 1st, 2016
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