Ecopetrol called an extraordinary shareholders assembly for February 5, 2026 at 8:00 AM to elect nine board members for terms extending through 2029, following the departures of Mónica de Greiff and Guillermo García Realpe. The completed slate features historic worker representation alongside technical expertise spanning the energy sector.
César Eduardo Loza was elected as Ecopetrol’s eighth board member, marking the first time in the state oil company’s 74-year history that a worker representative will participate in strategic decision-making.
César Loza, president of the Unión Sindical Obrera (USO), was selected as Ecopetrol’s first-ever worker representative to the board of directors in elections held January 14-15, 2026. The election marks a historic milestone, as this is the first time a worker will participate in the state oil company’s board following changes approved at November’s General Assembly.
A group of Ecopetrol workers filed a tutela (constitutional legal action) requesting immediate suspension of the election process for their representative to the company’s board of directors, citing alleged irregularities.
Ecopetrol S.A. announced January 7, 2026, that nine additional labor organizations have initiated renegotiation of their respective chapters of the Collective Bargaining Agreement by filing complaints with Colombia’s Ministry of Labor within the legally established timeframe.
President Gustavo Petro requested that state-owned Ecopetrol substantially reduce internal natural gas prices as Colombia confronts a growing gas shortage forcing dependence on costlier imports. According to the country’s commodities exchange, internal gas production is projected to fall up to 20% below demand next year.
Ecopetrol received the “Gold Standard” recognition for the third consecutive year for its advances in methane emissions management, detailed measurement plan implementation, reporting quality and transparency, and establishment of reduction targets. The recognition is granted by the Oil and Gas Methane Partnership (OGMP 2.0), an initiative led by the United Nations Environment Programme.
The NOC published a press release that set the stage for the Ministry’s announcement of increased gas declarations.
Just before the end of December, the NOC published a press release on this important potential source of new gas.
Fitch Ratings downgraded multiple Colombian energy companies following the country’s sovereign rating reduction, with Ecopetrol, Grupo Energía Bogotá (GEB), and Enel Colombia among those affected. The rating actions reflect these companies’ close ties to the Colombian state and its deteriorating credit profile.
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