Page 2 - Oriente Basin News Today

Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign investment. Lasso’s new center-right government, which has set out to reform Ecuador’s Hydrocarbons Law, aims to sell off all of ...

Image source: Getty Images Gran Tierra Energy(TSX:GTE)(NYSE:GTE) is a company focused on oil and gas exploration and production in Colombia and Ecuador. The company’s Colombian properties represents 95% of revenue. Gran Tierra Energy was incorporated in the state of Nevada. Attractive valuation The company has a price-to-book ratio of 1.44 and market capitalization of $436 million. Debt is very high at GTE, as evidenced by a debt-to-equity ratio of 2.58. The company has de...

Premium Content Ecuador Scrambles To Clean Up Its Oil Industry By Matthew Smith - Jan 06, 2021, 1:00 PM CST The last year was difficult for Ecuador’s beaten-down hydrocarbon sector. Aside from the severe fallout from the COVID-19 pandemic and sharply weaker oil prices, the industry was rocked by yet another corruption scandal and a series of environmental disasters. Those events sharply impacted oil production, will deter urgently required investment and spark greater dissent among...