Despite recent statements by President Gustavo Petro suggesting that natural gas prices should remain low, Ricardo Roa Barragán, President of Ecopetrol (NYSE: EC), delivered a more sobering message.
Ecopetrol (NYSE: EC) is facing serious financial challenges due to the recent plunge in global oil prices.
Ecopetrol (NYSE: EC) announced the launch of three new natural gas commercialization processes for 2024, reinforcing its commitment to long-term energy supply security in Colombia.
During the final day of the Naturgas Congress, Ecopetrol (NYSE: EC) President Ricardo Roa delivered a mixed message: while announcing a new schedule for gas commercialization, he also warned of a significant drop in the company’s earnings following the recent plunge in global oil prices.
Colombian President Gustavo Petro delivered a sharp public rebuke to Ecopetrol (NYSE: EC) President Ricardo Roa over the company’s failure to import natural gas—a move the president sees as critical to lowering national energy tariffs.
Ecopetrol (NYSE: EC) launched a research project aimed at repurposing petroleum coke, a carbon-rich material typically used as an industrial fuel, into a soil additive to improve forest soil quality.
Ecopetrol (NYSE: EC) and LATAM Airlines Colombia announced a groundbreaking strategic alliance to advance the energy transition in Colombia’s aviation sector.
Ecopetrol Óleo e Gás do Brasil Ltda. (ECP Brasil), a subsidiary of the Ecopetrol Group, approved the Final Investment Decision (FID) for Gato do Mato, its first development project in the pre-salt area of the Santos Basin, Brazil.
Investment bank Citi has outlined the factors influencing Ecopetrol’s (NYSE: EC) investment potential, setting a target price of US$14 per ADR on the New York Stock Exchange with a recommendation to buy, albeit with high risk.
The Colombian government, under President Gustavo Petro, has approved an ambitious project to establish the first technological infrastructure line in Santa Marta, integrating advanced artificial intelligence (AI) capabilities.
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