Ecopetrol President Ricardo Roa confirmed the company’s Permian Basin field in Texas could be among assets under evaluation for divestment, responding to government opposition to fracking technology. The field, acquired under 2020 contracts, requires operational agreement updates and strategic decisions on future extraction.
Mónica de Greiff, former president of Ecopetrol’s Board of Directors, explained in an extensive Revista Semana interview the circumstances surrounding her October 2025 resignation after initially attempting to resign in May 2025.
Ecopetrol’s Board of Directors approved a 2026 Annual Investment Plan ranging from COP$22T to COP$27T, confronting a challenging environment marked by declining profits, low oil prices, and structural exploration restrictions.
Ecopetrol and the José Benito Vives De Andréis Marine and Coastal Research Institute (Invemar) signed a renewed collaboration agreement to advance knowledge generation and conservation of Caribbean seabed ecosystems, building on their existing framework partnership.
Martín Fernando Ravelo assumed the presidency of Colombia’s Unión Sindical Obrera (USO), the country’s largest petroleum workers union, replacing César Loza who was elected to represent workers on Ecopetrol’s board of directors.
Ecopetrol called an extraordinary shareholders assembly for February 5, 2026 at 8:00 AM to elect nine board members for terms extending through 2029, following the departures of Mónica de Greiff and Guillermo García Realpe. The completed slate features historic worker representation alongside technical expertise spanning the energy sector.
César Eduardo Loza was elected as Ecopetrol’s eighth board member, marking the first time in the state oil company’s 74-year history that a worker representative will participate in strategic decision-making.
César Loza, president of the Unión Sindical Obrera (USO), was selected as Ecopetrol’s first-ever worker representative to the board of directors in elections held January 14-15, 2026. The election marks a historic milestone, as this is the first time a worker will participate in the state oil company’s board following changes approved at November’s General Assembly.
A group of Ecopetrol workers filed a tutela (constitutional legal action) requesting immediate suspension of the election process for their representative to the company’s board of directors, citing alleged irregularities.
Ecopetrol S.A. announced January 7, 2026, that nine additional labor organizations have initiated renegotiation of their respective chapters of the Collective Bargaining Agreement by filing complaints with Colombia’s Ministry of Labor within the legally established timeframe.
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