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Ecopetrol elects new Board of Directors

After more than eight hours of session and amidst heated debate, the Ecopetrol’s (NYSE: EC) new Board of Directors was finally elected, with approval from 98.9% of the General Shareholders’ Meeting of the state-owned oil company.

Tuesday, March 26th, 2024
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Ecopetrol authorized for debt

Ecopetrol (NYSE: EC) received authorization to carry out a debt management operation as part of its comprehensive debt management and refinancing strategy.

Tuesday, March 26th, 2024
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Rig count in February

Rig count in February

The Colombian Chamber of Goods and Services (Campetrol) reported rig information for February 2024.

Monday, March 25th, 2024
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Major oil firms embrace offshore

Large oil and gas extraction companies, including ExxonMobil, Shell, Chevron, BP, TotalEnergies, and Eni, continue exercising caution in exploration spending in 2024, with drilling activity poised for a busy year offshore, as revealed by the latest research from Rystad Energy.

Monday, March 25th, 2024
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Reficar acquires McDermott shares

Ecopetrol (NYSE: EC) announced that Refinería de Cartagena S.A.S. (Reficar) will receive convertible preferred shares of McDermott International Ltd., the parent company of CB&I N.V.

Monday, March 25th, 2024
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Ecopetrol minority shareholders’ urgent call

Following the revelation of a report by Control Risks outlining the risks faced by Ecopetrol (NYSE: EC), some minority shareholders have sent a letter to the company’s president, Ricardo Roa, urging him to heed the British firm’s call.

Monday, March 25th, 2024
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Anticipating declining oil reserves

Anticipating declining oil reserves

We won’t see the official reserves report for a month or so but we have the reports of the major Colombia-focused players. That should give an indicator of how things went last year. Do not expect great news especially when the NOC – which contributes over 60% of reserves – has a down report.

Sunday, March 24th, 2024
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Oil exports value in January

Oil exports value in January

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during January 2024.

Thursday, March 21st, 2024
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Risk assessment: Ecopetrol’s president

A confidential report from a British firm shed light on the potential risks facing Colombia’s state-owned oil company, Ecopetrol (NYSE: EC), amidst investigations into its president, Ricardo Roa.

Thursday, March 21st, 2024
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Invitation to Work for Taxes

The Territorial Renewal Agency (ART) made public the Project Bank eligible for funding through the Works for Taxes mechanism, offering options such as the Trust Option and Agreement.

Thursday, March 21st, 2024
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