At the 27th Congress of the National Association of Public Utility and Communication Companies (Andesco), Ecopetrol President (NYSE: EC) Ricardo Roa announced that Colombia will need to import natural gas to meet domestic demand until at least 2034. The decision comes in response to declining production, the lack of new exploration and production contracts, and an overall loss of energy self-sufficiency.
Despite swirling speculation in recent weeks about his potential departure, Ricardo Roa, President of Ecopetrol (NYSE: EC), firmly denied any plans to resign from his position at the helm of Colombia’s largest state-owned company.
S&P Global Ratings has downgraded Ecopetrol’s credit rating from ‘BB+’ to ‘BB’, citing increased exposure to Colombia’s sovereign credit deterioration.
Ecopetrol’s (NYSE: EC) Board of Directors announced that Mónica de Greiff Lindo will remain on the company’s board after initially expressing her intent to resign.
Ecopetrol (NYSE: EC) officially declared the commercial viability of its Lorito discovery to the National Hydrocarbons Agency (ANH), marking the company’s most significant commercial oil find in the last ten years. This milestone advances the Lorito project from exploration to development, contributing directly to the addition of reserves and production for Colombia’s state-owned oil company.
One of the most controversial decisions of the current Colombian government has been its apparent intent to move away from oil exploration, a policy critics argue contradicts the country’s economic realities and undermines the very concept of a balanced energy transition.
Despite a 17% surge in 2025, Ecopetrol’s (NYSE: EC) stock performance on the Colombian Stock Exchange (BVC) has not been enough to convince analysts to issue bullish recommendations.
Colombian President Gustavo Petro has instructed the Board of Directors of Ecopetrol (NYSE: EC) to begin reviewing and implementing changes to the company’s bylaws that would allow current Minister of Mines and Energy (MinEnergia), Edwin Palma, to take over as CEO of the state oil company, replacing Ricardo Roa.
Ecopetrol (NYSE: EC) successfully exported its first shipment of a new marine fuel derived from fuel oil, marking a key milestone in its efforts to diversify its energy portfolio.
With the arrival of 530,000 barrels of regular gasoline imported from the US Gulf Coast, the Pozos Colorados Maritime Terminal in Santa Marta, Magdalena, officially launched a major expansion of its operations.
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