Ecopetrol’s own board has assumed for months that Sirius, the Caribbean gas megaproject, will likely slip a year past its publicly stated 2030 start date to 2031. When did they plan to tell us?
Fitch Ratings will be watching whether Colombia’s new government succeeds in reviving hydrocarbons exploration and lifting production, according to Richard Francis, co-director of Fitch’s Latin America Sovereign Ratings group.
Ecopetrol’s gas sales volume fell 22.1% in the second quarter of 2026, with gas now representing just 6.9% of the group’s total sales — down sharply from 10.6% in 2Q22, when Gustavo Petro took office.
Camilo Barco, Ecopetrol’s corporate vice president of finance, addressed the company’s lifting costs, debt levels, and the drivers behind its stronger Q2 results.
We looked at our Line-of-Business charts to understand the NOC’s 2Q26 results and to no one’s surprise, they were uniformly good and mostly due to Brent.
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.
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