News and AnalysIs for

In a major move to accelerate its energy transition strategy, Ecopetrol (NYSE: EC) announced that it had successfully finalized a deal with Statkraft European Wind and Solar Holding AS, a subsidiary of the Norwegian state-owned energy company Statkraft, to acquire its entire renewable energy portfolio in Colombia.

Ecopetrol (NYSE: EC), Colombia’s largest company and one of Latin America’s most relevant energy firms, sits at the crossroads of value and volatility.

Ecopetrol (NYSE: EC), in partnership with Invercolsa and its subsidiary Alcanos, signed an agreement with the Department of Cundinamarca to deliver natural gas to more than 220 low-income households across five municipalities in the region: Ricaurte, Fusagasugá, San Antonio de Tequendama, Silvania, and Tena.

At a time when Ecopetrol’s (NYSE: EC) profits are declining and the possibility of importing Venezuelan gas remains uncertain, PDVSA Colombia has not only received millions from Colombia’s state oil company but is now asking for even more.

Ecopetrol launched a new Produced Water Treatment System (STAP) in the Acacías Station, with a capacity to process 120,000 barrels of water per day.

We used to think that the Petro government and its Ecopetrol leadership were no more subject to scandals than any other Colombian government we have observed at close range. They’re not. They’re definitely worse. What implications (if any) for the industry, and those doing business with Ecopetrol?

Ecopetrol (NYSE: EC) reported a CoP$10T increase in its debt over the past year, driven entirely by the depreciation of the Colombian peso.

Global banking giant Citi has weighed in on the recent downturn in Ecopetrol’s (NYSE: EC) share price and earnings, following the Colombian oil company’s first-quarter results, an ongoing tax dispute with the national tax authority (DIAN), and growing concerns over declining global crude prices.

After nearly a decade of litigation, Colombia’s State Council has upheld a ruling that clears state-run oil company Ecopetrol of liability in a US$210M lawsuit filed by foreign firm Worldwide Energy Investment (WEI).

Ecopetrol (NYSE: EC) has once again postponed the drilling of its ultra-deepwater Komodo well in the Caribbean Sea, citing ongoing restrictions from the National Environmental Licensing Agency (ANLA) that continue to make the project unviable.