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Eye on Ecopetrol

ECP faces liquidity concerns

Katherine Miranda, a representative in the Chamber for the Green Party, raised concerns about the urgent need for the Gustavo Petro government to make a payment on the of the Fuel Price Stabilization Fund (FEPC) deficit.

Tuesday, May 30th, 2023
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Agreement between ECP and USO

Ecopetrol (NYSE: EC) has reached a new collective bargaining agreement with the USO and six other unions.

Wednesday, May 24th, 2023
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ECP spent US$90K for a foregone conclusion

Controversy surrounds Ecopetrol’s (NYSE: EC) contract with headhunter firm.

Wednesday, May 24th, 2023
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Ecopetrol’s debt levels

Ecopetrol (NYSE: EC) recently released its first-quarter financial statements, revealing a total debt of US$25B, approximately CoP$116.4T, prompting questions about the company’s debt sustainability.

Tuesday, May 23rd, 2023
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Keeping an eye on Ecopetrol results

Keeping an eye on Ecopetrol results

Ricardo Roa did not affect Ecopetrol’s 1Q23 results and will have little influence over 2Q23 having taken command only at the end of April. But Felipe BayóN was already leaving in 1Q23 so others like Chairman Saul Kattan might have had more impact. Some key issues for the NOC’s next phase appear in the numbers already.

Monday, May 22nd, 2023
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ECP receives credit authorization

As part of its comprehensive debt management strategy, Ecopetrol (NYSE: EC) got authorization from the Ministry of Finance (MinHacienda) to contract a credit facility.

Thursday, May 18th, 2023
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FEPC and ECP

Ecopetrol’s (NYSE: EC) Ricardo Roa presented the company’s plan regarding the balance of the Fuel Price Stabilization Fund (FEPC).

Wednesday, May 17th, 2023
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“Hope there will be more contracts”: Roa says

Ecopetrol’s (NYSE: EC) Ricardo Roa commented on the signing of new exploration contracts.

Friday, May 12th, 2023
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ECP’s 1Q23 results

ECP’s 1Q23 results

Ecopetrol (NYSE: EC) announced its first quarter 2023 results, with a decrease in net income.

Wednesday, May 10th, 2023
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Employees of ECP Santa Marta go on strike

The union of Santa Marta’s hydrocarbons sector has issued a statement requesting a meeting with local and national authorities to address what they describe as a “sensitive issue”: the alleged exclusion of skilled and unskilled workers from the region at the Pozos Colorado plant.

Wednesday, May 10th, 2023
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