Pacific Rubiales Energy
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Pacific Rubiales Energy
Frontera Energy (formerly Pacific Exploration and Production) is a Canadian petroleum exploration and production company in the business of heavy crude oil and natural gas. Its focus is on Colombia and Peru where it holds numerous properties including 38 blocks in the Llanos, Sucre-Co Lower Magdalena Province, Lower Magdalena and Cesar Department, Cesar Valley, Rancheria, Magdalena River Valley, Upper and Middle Magdalena Valley, Putumayo River, Putumayo Valley, Ucayali Province, Ucayali and Marañón Province, Maranon basins. In early 2010 it was the largest independent oil company operating in South America and in terms of private companies the fastest growing one in Colombia. In 2011 it was responsible for 41% of the growth in oil production in Colombia. In mid-2015 it changed its name from Pacific Rubiales to Pacific Exploration and Production, signalling the diminished importance of the Rubiales oil field in Colombia in the company's total assets and a broader focus in Latin ...
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Public
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dial ...
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Alejandro Betancourt López
Leopoldo Alejandro Betancourt López (born 1980) is a Venezuelan businessman who is Chairman and CEO of Derwick Associates, an engineering, procurement and construction company. He is the leader of the international investment group O'Hara Administration, and a director of Pacific Exploration & Production, Pacific Exploration & Production Corporation, a publicly held Canada, Canadian company and a leading explorer and producer of natural gas and crude oil which operates in various Latin American countries. Betancourt controls 19.95% of Pacific Exploration & Production. He is also president of Hawkers (sunglasses), Hawkers, a Spanish sunglasses company. Personal life and early career Education Betancourt has a double major in Economics and Business Administration from the Suffolk University of Massachusetts, United States. Early career Betancourt started his career at a company specializing in the energy sector and in the exploration, production and trade of oil and its derivat ...
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Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. N ...
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Oil Reserves
An oil is any polarity (chemistry), nonpolar chemical substance that is composed primarily of Hydrocarbon, hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) & lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1 ...
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Puerto Gaitan
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines * Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others * ''Puerto Rico'' (board game) *Operación Puerto doping case Operación Puerto (''Operation Mountain Pass'') is the code name of a still unfinished Spanish Police operation against the pro sports doping network of Doctor Eufemiano Fuentes. It started in May 2006, which resulted in a scandal that involved se ... See also * * Puerta (other) {{disambiguation, geo ...
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Ecopetrol
Ecopetrol, formerly known as Empresa Colombiana de Petróleos S.A. ( en, Colombian Petroleum Co.) is the largest and primary petroleum company in Colombia. As a result of its continuous growth, Ecopetrol forms part of the Fortune Global 500 and was ranked 346. In the 2020 Forbes Global 2000, Ecopetrol was ranked as the 313th -largest public company in the world. It was ranked 303 in 2012 by CNN Money. The company belongs to the group of 25 largest petroleum companies in the world, and it is one of the four principal petroleum companies in Latin America. Ecopetrol should not be confused with the US owned and operated Colombian Petroleum Co. (COLPET) and sister company South American Gulf Oil Co. (SAGOC), dating to the 1930s and taken over by the state owned Ecopetrol in the 1970s. History The company arose from the assets reverted from the "Mares Concession", awarded by President Rafael Reyes to the Tropical Oil Company, which began operating in 1921 with the Infantas 2 well and ...
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Petén Basin
The Petén Basin is a geographical subregion of Mesoamerica, primarily located in northern Guatemala within the Department of El Petén, and into Campeche state in southeastern Mexico. During the Late Preclassic and Classic periods of pre-Columbian Mesoamerican chronology many major centers of the Maya civilization flourished, such as Tikal and Calakmul. A distinctive Petén-style of Maya architecture and inscriptions arose. The archaeological sites La Sufricaya and Holmul are also located in this region. History By the first half of the 1st millennium BCE, the Petén and Mirador Basin of this region were already well-established with a number of monumental sites and cities of the Maya civilization. Significant Maya sites of this Preclassic era of Mesoamerican chronology include Nakbé, El Mirador, Naachtun, San Bartolo and Cival in the Mirador Basin. Classic Period Later, Petén became the heartland of the Maya Classic Period (c. 200 – 900 CE). At its height aroun ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout .... Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the d ...
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