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.
In a recent opinion piece, economist Marc Hofstetter revisits a provocative but recurring question in Colombian economic policy: should the government sell Ecopetrol (NYSE: EC)?
President Gustavo Petro has publicly dismissed concerns about a potential financial crisis at Ecopetrol (NYSE: EC) emphasizing that the firm remains stable despite external pressures from falling global oil prices.
As speculation grows over the possible resignation of Ecopetrol’s (NYSE: EC) current CEO, Ricardo Roa, a historical pattern emerges as since 1998, the average tenure of an Ecopetrol president has been 51 months.
Ecopetrol (NYSE: EC) stands as a cornerstone of the nation’s economy, contributing significantly to its Gross Domestic Product (GDP) and government revenues.
Ecopetrol (NYSE: EC) is pushing ahead with offshore gas exploration in the Caribbean, even after global energy giant Shell (LON: RDSB) withdrew from three key maritime blocks.
The Inspector General’s Office has formally requested that the National Electoral Council (CNE) sanction Ricardo Roa Barragán, CEO of Ecopetrol (NYSE: EC), for alleged violations of campaign finance limits and covering up expenses during Gustavo Petro’s 2022-2026 presidential campaign, where Roa served as campaign manager.
Ecopetrol (NYSE: EC), is at the center of a storm after revelations surfaced regarding a US$5.8M contract with US law firm Covington & Burling.
I wrote reluctantly about Colombia’s apparently scandal-ridden NOC just two weeks ago. Reluctantly because I rarely find scandals to be strategic. I hoped I would not have to do it again this year. But independent board member, Monica de Greiff, resigned this past week and the press assumes that CEO Ricardo Roa will leave shortly.
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