Ecopetrol (NYSE: EC), in collaboration with the Ministries of Energy and Science (MinCiencia), has initiated a call for companies with projects focused on “Research + Development + Innovation” (R+D+I).
The major Colombian-focused publicly traded oil and gas companies have communicated their 2024 guidance. With the president talking down the industry every chance he gets and few or no friends in the public sector, one would not be surprised to see much negative sentiment. How do they really feel or, at least, what did they share with investors?
Colombian President, Gustavo Petro, recently addressed concerns about the ‘precarious’ state of the state-owned oil company, Ecopetrol (NYSE: EC), during a speech at the Industrial University of Santander.
The Colombian government’s decision not to increase diesel prices has resulted in significant fiscal costs to cover the subsidy.
Allegations of workplace mistreatment within Colombia’s Ministry of Mines and Energy, (MinEnergia) particularly at the National Hydrocarbons Agency (ANH), led by Orlando Velandia, have sparked concerns.
Ecopetrol (NYSE: EC) started an ambitious maintenance program at its Barrancabermeja refinery.
The Colombian Association of Oil and Gas (ACP) raised concerns about the impact of social blockades on the distribution of liquid fuels in Colombia in 2023.
Luz Stella Murgas, the President of the Colombian Natural Gas Association (Naturgas), emphasizes the importance of ensuring service to nearly 1.6 million households currently without access to natural gas.
In a recent interview, former Vice President Germán Vargas Lleras, voiced significant concerns regarding the current state of prior consultations, emphasizing that around 9,000 projects are currently stalled due to these lengthy procedures.
In 2023, the companies within the Ecopetrol Group (NYSE: EC) played a significant role in job creation across various regions of Colombia.
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