How bad is it? ECP’s 3Q24 results came out recently and Net Income fell once again. The share price continues to fall. Reputable investment banks question the NOC’s governance and suggest the share price could fall further. But do the numbers justify the gloom and doom?
Recent discussions surrounding the fate of Monómeros, a petrochemical company based in Barranquilla, Colombia, raised alarms on both sides of the border with Venezuela.
Ecopetrol (NYSE: EC) recently completed a successful production test for sustainable aviation fuel (SAF) at its Cartagena refinery, marking a significant milestone in Colombia’s shift toward greener energy.
The Colombian government issued a new decree to enhance strategic fuel storage, focusing on liquid fuels and propane, particularly in border regions, to improve energy security and timely fuel availability.
Reficar, the Cartagena Refinery, launched a risk mitigation plan addressing potential power disruptions in response to recent faults identified in its SE01 substation.
The Colombian Federation of Freight Transport Entrepreneurs (Fedetranscarga) raised alarms over Ecopetrol’s recent decision to temporarily halt the sale of vehicular natural gas to 13 distribution companies amid the ongoing energy crisis caused by severe drought.
Over one million low-income households in Colombia’s most vulnerable regions are at risk of losing their access to affordable propane. These families, primarily from socioeconomic strata 1 and 2, rely on propane subsidies to meet their energy needs.
The government released a draft decree aimed at modifying existing regulations under Decree 1073 of 2015.
Nidia Hernández, President of Colfecar, one of the largest freight transport associations in Colombia, expressed concern over the rising costs faced by the transport sector, which she claims are threatening its stability.
In response to the recent agreement between the Colombian Government and leaders of the truckers’ strike, the National Federation of Fuel and Energy Distributors (Fendipetróleo) and the Confederation of Fuel and Energy Retail Distributors (Comce) called for three conditions to prevent fuel stations from being negatively impacted by decisions made.
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