Ecopetrol (NYSE: EC) announced that it has found oil in the municipality of Rionegro (Santander). The company said that the well has a strategic position, suggesting more is to come.
Ecopetrol (NYSE: EC) wants to increase its gas production and the firm is looking for strategic alliances. The NOC will have a meeting with the Malaysian company Petroliam Nasional Bhd (Petronas).
Ecopetrol’s (NYSE:EC) E&P business unit had more EBITDA than its Transport Line of Business (LoB) in 2016 but by far the largest contributor to Net Income was Transport. This continues to generate controversy. We hope this graph is helpful.
The Controller General called 47 Reficar officials and members of Ecopetrol’s (NYSE:EC) board of directors for an investigation into criminal responsibility, to discuss what happened with the technical analysis of the investments and cost that were incurred in the project.
Ecopetrol (NYSE:EC) and Pemex recently signed a document to study joint ventures in E&P, and now executives of both NOCs signed an agreement that allows the joint development of mature fields, enhanced recovery technologies and offshore exploration.
The most difficult years seem to be over. The industry is preparing to reactive investments And Ecopetrol (NYSE: EC) is not the exception. The company has defined a strategy to increase its reserves.
Ecopetrol (NYSE: EC) announced that it will distribute dividends to its shareholders this year. The company exceeded analysts’ estimates. The good results left the financial market calm despite the oil crisis.
Ecopetrol (NYSE: EC) made public its financial results for 2016. The company notes that it did well despite the difficult circumstances. The NOC exceeded its production target and presented positive financial results.
Ecopetrol (NYSE: EC) begins the year with several challenges to face and overcome. The company expects to start recovering after two difficult years. With an oil price above US$50, prospects are more optimistic.
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