News and AnalysIs for

The pundits have started saying nice things about Ecopetrol and the share price has responded positively.

Ecopetrol (NYSE: EC) assured the public that the electrical failure that occurred at the Cartagena Refinery (Reficar) on February 14 has been successfully identified and corrected.

Ecopetrol (NYSE: EC) initiated the commercial process for selling available natural gas for the coming years, sourced from the Cusiana, Cupiagua, and Cupiagua Sur fields in the Casanare department of Colombia.

Ecopetrol (NYSE: EC) announced a temporary shutdown of one of the 56 units at its Barrancabermeja refinery in March 2024. The maintenance, which occurs once every three decades, has been in planning for over three years.

The Colombian government’s push to sell Ecopetrol’s (NYSE: EC) stake in the Permian Basin (Texas, USA), where it operates in partnership with oil giant Occidental Petroleum (NYSE: OXY), has triggered warnings from multiple stakeholders, including Citi, labor unions, and industry associations.

In a recent update on the energy sector, Grupo Santander upgraded Ecopetrol’s (NYSE: EC) rating from neutral to outperform.

Colombian President Gustavo Petro has once again expressed his strong opposition to fracking, this time urging the sale of Ecopetrol’s (NYSE: EC) operations in the Permian Basin, Texas.

A recent study by Grupo Bancolombia projects a 4.6% decrease in Ecopetrol’s (NYSE: EC) proven reserves by the end of 2024, citing limited efficiency gains.

Ecopetrol (NYSE: EC) and Occidental Petroleum ((NYSE: OXY) announced an agreement to extend their development plan for the Midland sub-basin in the Permian Basin, Texas.

Ecopetrol (NYSE: EC) is experiencing a wave of layoffs affecting highly skilled professionals, particularly experts in offshore gas exploration.