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Ecopetrol’s stock tanks

Ecopetrol’s stock tanks

The press has been chattering about Ecopetrol’s stock price for most of the third quarter. The ADRs were US$12.67 on June 24th (the last ex-dividend date) and closed last Friday at US$8.74 down 31%. The Colombian government, Ecopetrol’s 88% owner, seems unconcerned.

Monday, October 14th, 2024
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Gas discovery could double reserves

Gas discovery could double reserves

Colombia’s energy future may be on the cusp of a significant boost, thanks to the largest gas discovery in the country’s history.

Thursday, October 10th, 2024
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Ecopetrol to continue importing gas

Despite the recent discovery of significant natural gas reserves off the Colombian Caribbean coast, Ecopetrol’s (NYSE: EC) president, Ricardo Roa, announced that Colombia will need to continue importing gas for at least five more years.

Thursday, October 10th, 2024
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Auditors for natural gas infrastructure

The Mining and Energy Planning Unit (UPME) awarded audit contracts for five key infrastructure projects as part of Colombia’s National Gas Supply Plan (IPAT). These projects are essential for expanding the country’s natural gas transportation capacity and ensuring reliable supply across different regions.

Thursday, October 10th, 2024
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Terpel foundation

The Terpel Foundation recently celebrated its 20th anniversary, marking two decades of significant contributions to education in Colombia.

Thursday, October 10th, 2024
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Royalties budget for 2025-2026

Royalties budget for 2025-2026

The Colombian Government, through the Ministries of Finance (MinHacienda) and Mines and Energy (MinEnergia), submitted a budget proposal for royalties.

Wednesday, October 9th, 2024
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Petro calls for an ‘exorcism’ of Ecopetrol

President Gustavo Petro delivered a message to Ecopetrol (NYSE: EC).

Wednesday, October 9th, 2024
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ANH on Sirius well

Orlando Velandia, President of Colombia’s National Hydrocarbons Agency (ANH), described the latest gas discovery figures from Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) as “good news” for the country.

Wednesday, October 9th, 2024
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Gas shortage and energy risk

As Colombia faces a looming gas shortage and the risk of electricity outages, the country’s energy sector is under immense pressure to find solutions. The current situation has a grim outlook, as challenges surrounding both gas and electricity supply intensify.

Wednesday, October 9th, 2024
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NG Energy boosts gas supply

NG Energy boosts gas supply

Colombia is facing a critical energy situation, with warnings from key stakeholders in the hydrocarbons and electricity sectors about a potential natural gas deficit by 2025.

Tuesday, October 8th, 2024
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