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Eye on Ecopetrol

Ecopetrol concludes Coveñas pipeline inspection

Ecopetrol (NYSE:EC) has concluded an inspection of submarine pipelines in the Coveñas port, which will connect exportable crude from the land terminal to loading boats at sea.

Monday, June 8th, 2015
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USO says Echeverry ECP plan is misguided

The president of the USO oil workers union Edwin Castaño said that the “reinvention” of Ecopetrol (NYSE:EC) announced by the NOC’s new president Juan Carlos Echeverry is misguided and instead it should focus on directly operating all of its smaller fields.

Thursday, June 4th, 2015
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ECP moves forward with plan to farm out fields

ECP moves forward with plan to farm out fields

As part of its new strategy, Ecopetrol (NYSE:EC) is planning to focus on its larger producing blocks and implement a divestment plan for at least 45 of its smaller fields.

Tuesday, June 2nd, 2015
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Ecopetrol has not considered selling Cenit

After statements made by USO president Edwin Castaño that Ecopetrol is considering sell part of its transport and logistics firm Cenit, Ecopetrol’s vice president Camilo Marulanda said that it is not an option being considered.

Tuesday, June 2nd, 2015
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Ecopetrol adjusts strategy

Ecopetrol (NYSE:EC) has released more concrete details on its strategy going forward, revealing plans to focus on its larger producing fields and divest of non-strategic assets.

Monday, June 1st, 2015
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Governor pushing for Echeverry visit to keep Barrancabermeja on the radar

The Santander Governor Richard Aguilar Villa said that he was able to confirm an official visit from Ecopetrol (NYSE:EC) president Juan Carlos Echeverry to discuss the future of the Barrancabermeja Refinery and address employment alternatives.

Monday, June 1st, 2015
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Ecopetrol taking advantage of Venezuela’s problems?

Ecopetrol taking advantage of Venezuela’s problems?

Ecopetrol (NYSE:EC) shifted its exports from Asia to Central America and the Caribbean. Could Venezuela’s need to end subsidies in Petrocaribe be the driver?

Thursday, May 28th, 2015
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Cenit transported volume up despite attacks

Cenit transported volume up despite attacks

Ecopetrol’s (NYSE:EC) transport and logistics spin off Cenit saw an increase in its transported volume in 2014 despite standing out as one of the guerrilla’s favorite targets in the same year.

Thursday, May 21st, 2015
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Big surprise: Reficar delayed again

At the end of November 2014, reports surfaced that the Cartagena Refinery would be functional in January 2015 and see its commercial launch in August 2015. But in Ecopetrol’s (NYSE:EC) latest earning results, management said that once again, that timeframe will be pushed back.

Tuesday, May 19th, 2015
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Ecopetrol pulls out of the red

Ecopetrol pulls out of the red

Ecopetrol (NYSE:EC) saw its revenues hit by the fall in oil prices, but managed to reverse losses felt in the final quarter of 2014, posting a consolidated net income of CoP$160B (US$67.32M) as production holds and margins in its transportation and refining businesses improve.

Wednesday, May 13th, 2015
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