News and AnalysIs for

The President of the Oil Workers Union (USO), César Loza, has brought attention to changes in the operation of Colombia’s Trasandino Pipeline (OTA) in the southern region of the country.

During an extraordinary board meeting, Ecopetrol’s Board of Directors was briefed by the administration on the company’s actions concerning potential hydrocarbon transactions between PDVSA and Ecopetrol, following the lifting of restrictions imposed by the United States on Venezuela.

President Gustavo Petro’s announcement regarding a potential partnership between Ecopetrol (NYSE: EC) and Venezuela’s PDVSA has ignited a wave of skepticism and concerns about the feasibility of such a proposal.

Amid Ecopetrol’s (NYSE: EC) strategy to develop the gas potential of the offshore Caribbean, the company announced its offshore plans for 2024.

President Gustavo Petro’s meeting with Venezuelan President Nicolás Maduro at Miraflores Palace sparked extensive discussions regarding Colombia’s economy and energy transition.

Just as we were about to write about the impact of taxes on Ecopetrol’s 3Q23 results, the Colombian Constitutional Court decides to undo the royalty no-deductibility rule from last December’s tax reform. Instead, we will briefly discuss the tax impact and then focus on ECP’s results, which got the press’s negative attention. Very happy to have to reorient this article in return for what we estimated as US$2B of less tax.

Ecopetrol (NYSE: EC) initiated operations for the drilling of the Orca Norte 1 exploratory well, marking a strategic move to prioritize gas projects within the company’s portfolio.

Ecopetrol’s (NYSE: EC) refinery in Barrancabermeja is progressing towards an energy transition. A company statement explains how and why.

Ricardo Roa, President of Ecopetrol, discussed the company’s focus on offshore natural gas resources.

In an upcoming Extraordinary Assembly of Ecopetrol (NYSE: EC), the Minister of Finance of Colombia (MinHacienda), Ricardo Bonilla, confirmed that there will be discussions about modifying the requirements for members of the company’s Board of Directors.