Ecopetrol announced the successful completion of its Voluntary Public Tender Offer (OPAV) auction on Brazil’s B3 exchange, acquiring approximately 25% of Brava Energía’s share capital through its subsidiary Ecopetrol Investimentos Do Brasil LTDA.
President Abelardo De la Espriella used his first address as president, delivered from Batallón Pichincha in Cali, to declare that recovering Ecopetrol will be an absolute priority of his administration, alongside reactivating hydrocarbons exploration and authorizing fracking under environmental standards.
An extensive El Espectador retrospective, drawing on interviews with more than 10 sector figures, delivers a mixed verdict on the outgoing Petro government’s hydrocarbons record – industry groups call it negative, while the government points to democratic legitimacy for its choices.
Ricardo Roa’s July 30 exit from Ecopetrol’s presidency has triggered a wider reorganization moving beyond the parent company into its subsidiary boards and legal ranks.
Aval Asset Management raised its price target for Ecopetrol shares to CoP$2,950, a 27% increase over its prior valuation, though the firm maintains a neutral rating given ongoing operational and financial challenges.
An El Heraldo feature gathering multiple sector experts makes the case that Ecopetrol’s decline under the outgoing government reflects deliberate policy choices, not just market conditions: 13 consecutive quarters of falling profits, crude production down 2.7% to 725,200 bd, and a leadership scandal involving outgoing president Ricardo Roa.
The collaboration agreement between Ecopetrol and Parex Resources for joint development of the Casabe, Casabe Sur, Peñas Blancas, and Llanito fields in the Magdalena Medio took effect July 30th, after satisfying all suspensive conditions including approval from the Superintendencia de Industria y Comercio (SIC).
Petrobras and Ecopetrol confirmed a new natural gas discovery with the drilling of the Sandía-1 exploration well, located in the GUA-OFF-0 block in deep water offshore Colombia.
Grupo Ecopetrol reported second-quarter 2026 results reflecting what the company described as its ability to maximize an integrated strategy and respond with agility to market dynamics.
Ecopetrol has taken action to have illegally copied information from roughly 15 companies within its business group removed from public access, working in coordination with the Fiscalía General de la Nación and the Ministry of Information and Communications Technology (MinTIC),
2026, Hydrocarbons Colombia, All Rights Reserved.
