Ecopetrol (NYSE: EC) has been awarded the Gold Standard for its advancements in measuring, reporting, and setting reduction goals for methane emissions by the United Nations Oil and Gas Methane Partnership (OGMP 2.0).
The Inspector General’s Office upheld a fiscal liability ruling against Ecopetrol (NYSE: EC).
Colombian President Gustavo Petro’s recent announcements regarding the likelihood of the Colombian state-owned oil company, Ecopetrol, collaborating with PDVSA to explore and exploit hydrocarbons in Venezuela, raised concerns. Lately, additional specifics have emerged.
Before the holidays, MinHacienda Ricardo Bonilla, MinEnergia Andrés Camacho and Ecopetrol CEO Ricardo Roa went to Congress to explain to the Fifth Commission of the Lower House the deal between Ecopetrol and Venezuela’s PDVSA. The NOC leadership estimates a gas shortfall in 2024 of at least 10% meaning importing would be inevitable anyway.
Colombian investment bank Corficolombiano made the estimate based on assumptions about the NOC’s production and oil prices. The figure includes dividends, taxes and royalties.
Over the holiday period, we continued to monitor the Colombian press for articles on the oil and gas industry. Some will appear as standalone articles in the coming days, but we also found the following items interesting and relevant. Most concern Ecopetrol.
The Ecopetrol Group (NYSE: EC) announced an initiative to expand natural gas service to approximately 20,000 households in the Arauca department and Cubará, Boyacá, in Colombia.
Ecopetrol (NYSE: EC) launched a new Econova challenge to contract technology companies interested in solving nine open innovation challenges related to energy transition, decarbonization, and sustainable and safe operation at its Cartagena refinery.
Ecopetrol (NYSE: EC) will conduct planned maintenance at the Cupiagua Central Processing Facility (CPF) in Aguazul, Casanare, from January 4 to January 15, 2024.
The latter part of 2021 marked the inception of Grupo Ecopetrol’s vision for a circular economy, integrating products from its petrochemical and industrial portfolio to contribute to global sustainability efforts.
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