Search for your article of interest

Company News

GTE narrows loss in Q4

GTE narrows loss in Q4

Gran Tierra Energy (TSX:GTE) says 2015 was a “transformational” year and it is in good financial shape to be competitive going forward. It posted a loss for the year of US$268M, but shrunk its loss in the fourth quarter by over 70% compared to the previous year.

Monday, February 29th, 2016
Usefulness:
Campetrol survey results show pessimism

Campetrol survey results show pessimism

A 2015 perceptions survey carried out by the Chamber of Oil Goods and Services (Campetrol) showed that almost no service companies could call 2015 a good year, and the association called for immediate action from the government to restart Ecopetrol’s (NYSE:EC) exploration program.

Thursday, February 25th, 2016
Usefulness:

Constitutional Court strikes again, this time in Quifa

Pacific E&P (TSX:PRE) was the affected operator in another Constitutional Court decision regarding the prior consultation process and an indigenous group in Puerto Gaitán, Meta, which affects the operator’s operations in Quifa.

Thursday, February 25th, 2016
Usefulness:

ANH will sanction firm implicated in false guarantees

The National Hydrocarbons Agency (ANH) stepped up its position and said that it will sanction Santa María Petroleum, one of several firms accused of delivering false letters of credit to cover contract guarantees for an E&P contract.

Wednesday, February 24th, 2016
Usefulness:

Reficar Update: Congress plans sessions

The controversy surrounding the Cartagena Refinery (Reficar) has caused a moment of rare consensus across the political spectrum in Colombia’s congress: From the opposition bank of Senator Alvaro Uribe to the left leaning Polo Democratico and those between, all want to see a special session to grill those involved in the project.

Wednesday, February 24th, 2016
Usefulness:

Price crisis starting to drain oil talent, says survey

Oil companies in Colombia and beyond are starting to see a “significant” loss of labor talent, says a recently published study on the oil and gas labor market from global recruiter Hays.

Wednesday, February 24th, 2016
Usefulness:

New executive profiles

We came across two profiles of recent executive appointments in Colombia which warranted a bit more attention: the arrival of Andrés Acosta as the new president of ExxonMobil (NYSE:XOM) Colombia, and of Felipe Bayón Pardo as Ecopetrol’s (NYSE:EC) COO.

Tuesday, February 23rd, 2016
Usefulness:

CSR Summary: Improving Casanare

Ecopetrol (NYSE:EC), Equion, and Parex Resources (TSX:PXT) have all been activie in the Llanos, as the new Governor promises to create a space to facilitate dialogue and reduce social conflict. These and other Corporate Social Responsibility (CSR) stories in our periodic roundup.

Tuesday, February 23rd, 2016
Usefulness:
Ecopetrol requests to suspend wells in Caño Sur

Ecopetrol requests to suspend wells in Caño Sur

Ecopetrol (NYSE:EC) says that the fall in oil prices has forced it to suspend wells temporarily in the Caño Sur field, in Puerto Gaitán, Meta. A local operations manager said it has already filed the request with the National Hydrocarbons Agency (ANH).

Thursday, February 18th, 2016
Usefulness:

Barrancabermeja authorities clamor for emergency economic plan

Local authorities, unión leaders and sympathetic lawmakers have convened to call on the national government to declare a state of economic emergency in Barrancabermeja and to write a strategic Conpes document, looking at Ecopetrol (NYSE:EC) to compensate for canceling its plan to modernize the local refinery.

Thursday, February 18th, 2016
Usefulness: