While it might not receive the attention as dramatic explosive attacks on pipelines, cable robberies are enough for Ecopetrol (NYSE:EC) to lose nearly 25,000 barrels of oil in 2015 alone. The number of incidents doubled in the last year.
Ecoperol’s (NYSE:EC) current president of the board of directors Gonzalo Restrepo López has stepped aside to join the negotiating team in Havana, with its only independent member Luis Fernando Ramírez taking up his role.
With three months under his belt as Ecopetrol (NYSE:EC) president Juan Carlos Echverry has started leaving his mark on the structure of the NOC as it looks to fulfill its new strategy through 2020, but structural challenges remain strong.
A local paper dedicated a full feature article to explain the hope generated by the El Alcaraván sugar cane ethanol plant announced in 2010 by Ecopetrol’s (NYSE:EC) Bioenergy, and the impact its mismanagement left on the municipality of Puerto López, Meta.
Ecopetrol (NYSE:EC) has withdrawn its participation in a consortium formed to bid on offshore blocks in the Mexico Round 1 just days ahead of the presentation of bids.
Whether talking about the Cartagena Refinery (Reficar) or a planned ethanol plant of its affiliate Bioenergy, Ecopetrol (NYSE:EC) has shown a pattern of failing to keep its costs under control for large scale projects.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry said that the recent wave of attacks on oil infrastructure will not have a substantial impact on the finances of its transport firm Cenit, and confirmed plans are still in place to relinquish control of its smaller fields.
In the last two weeks three executive managers at Ecopetrol (NYSE:EC) have retired as the company’s president Juan Carlos Echeverry adjusts his team.
Surging costs associated with transportation, refining, social conflicts and licensing have made Ecopetrol’s (NYSE:EC) cost per barrel the second highest among state oil firms in Latina America, says a report from the Colombian Petroleum Association (ACP).
The new regional vice president for the Orinoquia region of Ecopetrol (NYSE:EC) Jose Cotello has already drawn a stir in local media after hosting a press trip in the Cupiagua gas plant, where he outlined changes under his watch and objectives for production.
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