Ecopetrol (NYSE: EC) moved to justify its US$42M payment for the Termomorichal I and II power plants after W Radio disclosed internal emails that appeared to question whether the company was obligated to pay at the end of the BOOMT (Build, Own, Operate, Maintain and Transfer) contract.
Ecopetrol (NYSE: EC) and its midstream subsidiary Cenit rejected accusations from the Subdirectiva Única de Oleoductos (SUO) alleging violations of the rights to assembly and association.
Mónica de Greiff, chair of Ecopetrol’s (NYSE: EC) Board of Directors, ruled out the possibility of Colombia importing natural gas directly from Venezuela, citing U.S. sanctions.
The Gibraltar field, operated by Ecopetrol (NYSE: EC) in Norte de Santander, is facing a critical situation that could diminish the role of one of Colombia’s most strategic assets for national energy security.
As widely anticipated, Ecopetrol’s offshore Komodo-1 well in the Colombian Caribbean will not be drilled in 2026, despite having regained its environmental license at the end of 2024.
Ecopetrol (NYSE: EC) released its quarterly results for March–June 2025 recently. Despite a recovery in hydrocarbon production, the company’s profits fell for the second consecutive quarter, reporting CoP$3.1T in March and CoP$1.8T in June and the lifting costs played a key role in this behavior.
Ecopetrol announced the expansion of natural gas coverage in La Guajira, delivering 3,000 new household connections that will benefit more than 11,000 people, many of them in vulnerable conditions.
Colombia’s State Council ruled against Ecopetrol (NYSE: EC) and Oleoducto de los Llanos Orientales S.A. (ODL), confirming their responsibility for damage to a rice crop during the construction of an oil pipeline in Casanare in 2009.
Ecopetrol’s deteriorating Net Income continues to consume (virtual) column inches in the Colombian business press. Our perhaps counter-to-the-current view has been that short-term financial performance is the wrong place to look for what might be wrong with the NOC. This week we dive deeper into the qualitative comments we made last time.
The Unión Sindical Obrera (USO), one of Colombia’s most powerful oil workers’ unions, is facing mounting internal tensions after its president, César Loza, openly suggested that Colombia should resume fracking to safeguard energy self-sufficiency.
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