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Gulf Weekly
12-06-2025
- Entertainment
- Gulf Weekly
Stories in sound
A sound, story and shape-shifting musical project by Bahrain-based creative Sean Aaron Fernandes has dropped three new tracks earlier this month. Sean, under his artist name 'Monsoon for Two' has released his side project Byculla Video Club's three newest tracks - Feel So Pt 1, Eat You Alive and Margao. Known for blurring the lines between genre, narrative and sound design, Sean treats each song as a self-contained 'videotape' in a growing library of sonic episodes. With this new drop, the Byculla Video Club (BVC) is making its boldest mission statement: storytelling through sound that refuses to stay still. 'Each track is its own short film, really,' the Indian creative architect behind the project, told GulfWeekly. 'A song isn't just a vibe – it's a scene, a memory, a moment. That's what the Video Club is for.' Emerging from the atmospheric, experimental leanings of Sean's project Monsoon for Two, Byculla Video Club has evolved into something less like a band and more like a creative ecosystem. The 'video club' in the name isn't just nostalgic kitsch; it's a structural metaphor. Each release functions like an old VHS cassette – distinct in tone and aesthetic, yet part of an ongoing archive. 'The idea was to keep making different music without being tied down to any single genre,' Sean explains. 'So every song becomes a tape, and the BVC is the library. That freedom to shift styles is baked into the concept.' Indeed, previous releases have bounced across indie, funk, folk, disco, and ambient electronica, with new tracks promising further sonic experimentation. Eat You Alive leans heavily into orchestral and electronic elements, and was written within a day, drawing inspiration from one of Sean's previous relationships. Meanwhile Margao explores lush cinematic textures, inspired by Sean's grandmother's home in Goa, India. Feel So was written when Sean was facing an existential crisis and the loss of his first job. The project is deeply collaborative, drawing in artists from across Bahrain and Saudi Arabia within an open door ethos. Frequent collaborators include local mainstays like Gofer, Pineapples, Sugar Rey, Neon Sfynx, Abhinaya and Ronald Shera, who also plays keys and sings in the live band. 'There's no gatekeeping here,' Sean added. 'If someone has a sound, a voice, or even just an idea - they're welcome. It can get chaotic, but that chaos is part of the magic.' The core live band includes Ryan James on bass, Ryan John on drums, Sunny Salis on guitars and Abhinaya on vocals – anchoring the project's swirling collaborations into something tangible for the stage. Their live debut at Over 338 during the Hive series flipped through a mixtape of eras and emotions. What sets Byculla Video Club apart isn't just the genre-bending sound but the immersive sense of storytelling embedded within each track. Songs don't merely express emotion. They frame it like scenes in a film, 'scoring the movie in your head'. This cinematic impulse is no accident. Sean grew up surrounded by stories – some inherited, some imagined. Even the name 'Byculla', a reference to his father's upbringing in a gritty Mumbai neighbourhood, serves as a kind of mythic anchor for the project. 'I've never even been there,' Sean admits, 'but the name just stuck with me. It's a memory I never had but still carry.' With more than 30 tracks already recorded, the most recent releases are just the next few shelves in an ever-expanding library. In the world of Byculla Video Club, every song is a story waiting to be played, and rewound.
Yahoo
05-06-2025
- Business
- Yahoo
S&P maintains Ecopetrol's global credit rating at BB+
BOGOTA, Colombia, June 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that S&P Global Ratings maintained the Company's global credit rating at BB+ as well as its negative outlook, as reported today, June 4, 2025. Additionally, the agency lowered the Company's Stand Alone Credit Profile (SACP) rating from bbb- to bb+. S&P mentioned that lower oil prices and exchange rate volatility have impacted the Company's financial performance during the last year, and it estimated that Ecopetrol's debt/EBITDA ratio would remain at a level above 2.0. The rating agency positively highlighted the Company's strategy, focused on growth prospects, reserve replenishment, and strengthening of the investment portfolio through business diversification and profitability margins. The assessment of the aforementioned factors, as well as other considerations included in the report supported an individual rating that is at the same level of the Company's overall rating. The full report issued by S&P, including the detailed rating rationale, can be found below: Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital Markets Carolina Tovar Aragón Email: investors@ Head of Corporate Communications (Colombia) Marcela Ulloa Email: View original content to download multimedia: SOURCE Ecopetrol S.A. Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
S&P maintains Ecopetrol's global credit rating at BB+
BOGOTA, Colombia, June 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that S&P Global Ratings maintained the Company's global credit rating at BB+ as well as its negative outlook, as reported today, June 4, 2025. Additionally, the agency lowered the Company's Stand Alone Credit Profile (SACP) rating from bbb- to bb+. S&P mentioned that lower oil prices and exchange rate volatility have impacted the Company's financial performance during the last year, and it estimated that Ecopetrol's debt/EBITDA ratio would remain at a level above 2.0. The rating agency positively highlighted the Company's strategy, focused on growth prospects, reserve replenishment, and strengthening of the investment portfolio through business diversification and profitability margins. The assessment of the aforementioned factors, as well as other considerations included in the report supported an individual rating that is at the same level of the Company's overall rating. The full report issued by S&P, including the detailed rating rationale, can be found below: Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital Markets Carolina Tovar Aragón Email: investors@ Head of Corporate Communications (Colombia) Marcela Ulloa Email: View original content to download multimedia: SOURCE Ecopetrol S.A. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
U.S. Global Investors Lists Its GoGold ETF, Ticker GOAU, on the Colombia Securities Exchange Amid Growing Demand for Gold Exposure
San Antonio, TX, May 21, 2025 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the 'Company'), a boutique investment firm specializing in precious metals and emerging markets, is pleased to announce that its gold-focused ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), is now trading on the Bolsa de Valores de Colombia (BVC), the Colombian Securities Exchange. With this new listing, Colombian investors will gain access to the GoGold ETF, which offers exposure to companies engaged in the production of gold and other precious metals, either through active mining or passive royalty and streaming agreements. GOAU is already listed in New York, Mexico and Peru. Its addition to the BVC—part of the Nuam market, which links stock exchanges in Colombia, Chile and Peru—further extends its presence and visibility across Latin America. Frank Holmes, the Company's CEO and Chief Investment Officer, emphasizes the timeliness of this expansion: 'The GoGold ETF's listing on the BVC reflects Colombia's increasingly sophisticated capital markets and growing appetite for diversified, international investment options. With gold making headlines amid economic uncertainty and geopolitical instability, we believe this is an ideal moment to bring GOAU to Colombia. The smart beta 2.0 ETF provides exposure to royalty and streaming companies, which we consider to be the 'smart money' of the gold and precious metals industry for their history of strong performance and prudent capital allocation.' As of May 2025, only two gold-related ETFs are listed on the BVC—a physical gold ETF and a gold equity UCITS ETF. A UCITS ETF is one that adheres to the Undertakings for Collective Investment in Transferable Securities (UCITS) regulations in the European Union. GOAU, therefore, is the only BVC-listed, non-UCITS ETF that provides investors with access to companies involved in mining gold and precious metals. GOAU is the Company's second ETF to launch in Colombia, following the U.S. Global Jets ETF (NYSE: JETS), which listed there in August 2024. Why GOAU? The GoGold ETF uses a smart-factor, rules-based investment strategy that combines the efficiency of passive investing with the selectivity of active management. The fund tracks the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX), which screens companies based on fundamentals such as valuation, profitability and balance sheet quality. Unlike traditional gold mining funds that tend to concentrate on large-cap producers, GOAU focuses on high-quality, well-managed companies with consistent profitability. The GoGold ETF places special emphasis on North American royalty and streaming companies, which provide upfront capital to miners in exchange for a share of future production, while avoiding the heavy costs and risks of operating mines directly. A number of these firms, including Franco-Nevada, Wheaton Precious Metals, Royal Gold and Sandstorm Gold, have direct asset exposure to the Colombia market. To learn more about the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), view the English fact sheet and Spanish fact sheet. To sign up for news and research on a variety of asset classes, from gold to airlines to digital assets, please click here. Follow U.S. Global Investors on X by clicking here. Subscribe to U.S. Global Investors' YouTube channel by clicking here. About U.S. Global Investors, Inc. The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. ( is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides money management and other services to U.S. Global Investors Funds and U.S. Global ETFs. ### Please carefully consider a fund's investment objectives, risks, charges, and expenses. Obtain a statutory and summary prospectus for GOAU for this and other important information here. Read it carefully before investing. Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Because the funds concentrate their investments in specific industries, the funds may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The funds are non-diversified, meaning they may concentrate more of their assets in a smaller number of issuers than diversified funds. The funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The funds may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the funds may diverge from that of the index. Because the funds may employ a representative sampling strategy and may also invest in securities that are not included in the index, the funds may experience tracking error to a greater extent than funds that seek to replicate an index. The funds are not actively managed and may be affected by a general decline in market segments related to the index. Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political, or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors. Airline Companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs. The U.S. Global GO GOLD and Precious Metal Miners Index uses a robust, dynamic, rules-based smart-factor model to select precious minerals companies that earn over 50% of their aggregate revenue from precious minerals through active (mining or production) or passive (royalties or streams) means. The index uses fundamental screens to identify companies with favorable valuation, profitability, quality and operating efficiency. The index consists of 28 common stocks or related ADRs. Fund holdings and allocations are subject to change at any time. Click here to view fund holdings for GOAU. Smart beta 2.0 refers to a type of exchange-traded fund (ETF) that uses a rules-based system for selecting investments to be included in the fund portfolio. Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to GOAU. CONTACT: Holly Schoenfeldt U.S. Global Investors, Inc. 210.308.1268 hschoenfeldt@ in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Ecopetrol S.A. signs an agreement to acquire a portfolio of up to 1,300 megawats of solar and wind energy projects in Colombia
BOGOTA, Columbia, May 21, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it executed an asset purchase purchase agreement with Statkraft European Wind and Solar Holding, AS ("Statkraft") on May 20, 2025, for the potential acquisition of its portfolio in Colombia. This portfolio includes one company dedicated to the development and operation of solar and wind assets, six special purpose entities owning solar projects (614 MW), and three special purpose entities owning wind projects (750 MW) (the "Portfolio"). The agreement is subject to the fulfillment of conditions precedent and other legal requirements, which, once met, is intended to allow Ecopetrol S.A. to acquire the Portfolio of up to 1.3 GW. The companies are owned by Statkraft's subsidiaries: Enerfín Sociedad de Energía S.L.U and Enerfin Enervento Exterior S.L. The Portfolio's projects are located in the departments of La Guajira, Sucre, Córdoba, Caldas, and Magdalena. If completed, this acquisition would represent significant progress toward Ecopetrol S.A.'s decarbonization and energy transition goals, particularly the target of incorporating 900 MW of renewable self-generation capacity by 2025, in line with its 2040 Strategy. Additionally, the transaction would support the generation of low-emission energy under competitive conditions for the Ecopetrol Group's self-consumption, reducing exposure to spot market purchases and contributing to the diversification of the company's energy matrix. Ecopetrol S.A. reaffirms its commitment to the country's energy future through the integration of renewable energy projects into its operations. Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital MarketsCarolina Tovar AragónEmail: investors@ Head of Corporate Communications (Colombia) Marcela Ulloa Email: View original content to download multimedia: SOURCE Ecopetrol S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
