News and AnalysIs for

S&P Global Ratings affirmed Ecopetrol’s global issuer credit rating at BB- with a stable outlook on June 16, while also confirming the company’s stand-alone credit profile (SACP) at bb+.

Ecopetrol’s research arm, the Colombian Institute of Petroleum and Energy Transition (ICPET), has launched a new operating model built around “technology suites” dedicated to water conservation, decarbonization, and nature-based solutions, marking a significant expansion of its experimental infrastructure at the El Chircal eco-reserve in Piedecuesta, Santander.

The president of Colombia’s National Electoral Council (CNE), magistrate Cristian Quiroz, moved quickly on June 22 to deflate the legal significance of Iván Cepeda’s announced mass challenge to the second-round results.

Road and access blockades at Ecopetrol’s subsurface operations in the Meta municipalities of Acacías, Guamal, and Castilla La Nueva reached 52 days as of June 17, with the company issuing a forceful statement from Villavicencio condemning the disruption and calling for a return to dialogue.

Dutch marine technology firm ECOnnect Energy has signed an agreement with Sociedad Portuaria Puerto Bahía S.A. — a majority-owned subsidiary of Canada’s Frontera Energy Corp. — to deliver its proprietary IQuay F-Class jettyless transfer system for a fast-tracked LNG import terminal in Cartagena Bay.

Gas network operator Promigas closed a US$920M subordinated hybrid bond issuance — the largest demand ever recorded for a Colombian company — drawing US$2.7B in orders from roughly 150 investors across the United States, Europe, Latin America, and Asia, an oversubscription rate of nearly 2.8 times.