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Eye on Ecopetrol

Reficar update: Audit expected for September

Reficar update: Audit expected for September

The scandal surrounding the Cartagena Refinery (Reficar) might have fallen to a secondary status, but continues to make headlines. A Senate hearing last month, accusations of environmental damage and a full audit by the General Controller’s office have all taken shape over recent weeks.

Tuesday, June 14th, 2016
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Ecopetrol shifts to US

Ecopetrol shifts to US

Ecopetrol’s (NYSE:EC) export distribution in 1Q16 showed a big shift to the US, the Gulf Coast in particular, and away from the Far East, which had been a strategic market for the NOC.

Monday, June 13th, 2016
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Talks over Cusiana reversion moving forward

Ecopetrol (NYSE:EC) is set to receive the Cusiana field from Equion on July 4th, and is in talks with the local community to identify social priorities which are aligned with the project.

Tuesday, June 7th, 2016
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Disturbing activity behind Acacías protests

Ecopetrol (NYSE:EC) has signed an agreement with communities which affected its production in Chichimene, in the Acacías and Castilla la Nueva Municipalities, but reports show a willful criminal activity behind the protests, which could flare up again.

Monday, June 6th, 2016
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Echeverry talks cultural change in Ecopetrol

Juan Carlos Echeverry, Ecopetrol’s (NYSE:E) president, said in an interview that the NOC has been going through a deep cultural change prompted by the fall in oil prices. Local hiring, community relations, the ability to “sacrifice barrels” and environmental matters are some of the areas affected.

Thursday, June 2nd, 2016
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Ecopetrol set to receive Rubiales, Cusiana

Ecopetrol is working “intensely” to prepare for the reversion of the Rubiales field from Pacific E&P, as well as the Cusiana field from Equión. Workers currently at the Rubiales field say they are confident the NOC will hire them under the new contract.

Wednesday, June 1st, 2016
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Exploratory campaign starts in North Caquetá

Ecopetrol (NYSE:EC) has started executing an exploratory campaign using a Vibroseis truck in three different municipalities in the Caquetá department, and promised both work and investment for the local population.

Wednesday, June 1st, 2016
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Barrancabermeja Refinery posts a profit in 1Q2016

Barrancabermeja Refinery posts a profit in 1Q2016

While the political clamor to modernize the Barrancabermeja Refinery continues, the facilities reported a net profit of CoP$238B (US$77.7M) in the first quarter of 2016, which represents a 360% improvement over the same period in 2015.

Tuesday, May 31st, 2016
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Ecopetrol denounces violent attack in Acacías

A dispute with a corporation of community action committees (JACs) in Acacías has led to blockades, threats against workers and even fuel filled bottles being thrown at Ecopetrol’s (NYSE:EC) drilling equipment which is destined for the Chichimene field.

Thursday, May 26th, 2016
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CSR Summary: Ecopetrol awards innovation

Ecopetrol (NYSE:EC) announced a national campaign which looks to recognize projects which are leading the way in innovation and competitiveness in issues that directly affect oil producing regions. This and other stories related to Corporate Social Responsibility in our periodic summary.

Tuesday, May 24th, 2016
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