Ecopetrol (NYSE: EC) announced a major step forward in its energy transition strategy with the launch of a new geothermal energy project in the southern department of Nariño.
In a notable step toward sustainability and innovation, Ecopetrol (NYSE: EC) announced a circular economy initiative that captures carbon dioxide (CO₂) emissions from its Barrancabermeja refinery and transforms them into everyday products such as carbonated beverage gas, dry ice, and refrigeration systems used in food transport.
A dispute between Colombia’s state oil company, Ecopetrol (NYSE: EC), and the National Tax and Customs Directorate (DIAN) escalated over the payment of a 19% Value Added Tax (VAT) on fuel imports made between 2022 and 2024.
Colombia’s state-owned oil company Ecopetrol (NYSE: EC) announced an extension of its temporary 50% fee reduction for converting and purchasing its American Depositary Receipts (ADRs), following a favorable market response.
The discovery of the Sirius offshore gas field in Colombia’s Caribbean waters has been hailed as a breakthrough for the country’s energy future. With an estimated output of 450mmcfd, about 45% of the national demand, the project promises to provide short-term relief amid growing concerns about domestic gas shortages.
At the 27th Congress of the National Association of Public Utility and Communication Companies (Andesco), Ecopetrol President (NYSE: EC) Ricardo Roa announced that Colombia will need to import natural gas to meet domestic demand until at least 2034. The decision comes in response to declining production, the lack of new exploration and production contracts, and an overall loss of energy self-sufficiency.
Despite swirling speculation in recent weeks about his potential departure, Ricardo Roa, President of Ecopetrol (NYSE: EC), firmly denied any plans to resign from his position at the helm of Colombia’s largest state-owned company.
S&P Global Ratings has downgraded Ecopetrol’s credit rating from ‘BB+’ to ‘BB’, citing increased exposure to Colombia’s sovereign credit deterioration.
Ecopetrol’s (NYSE: EC) Board of Directors announced that Mónica de Greiff Lindo will remain on the company’s board after initially expressing her intent to resign.
Ecopetrol (NYSE: EC) officially declared the commercial viability of its Lorito discovery to the National Hydrocarbons Agency (ANH), marking the company’s most significant commercial oil find in the last ten years. This milestone advances the Lorito project from exploration to development, contributing directly to the addition of reserves and production for Colombia’s state-owned oil company.
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