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Eye on Ecopetrol

ECP to develop social projects

Ecopetrol (NYSE: EC) will allow more than 475,000 Colombians from all regions to benefit from 27 projects planned under the Tax-for-Infrastructure program.

Tuesday, June 13th, 2023
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‘We have not been good in terms of new discoveries’: Roa said

Ecopetrol’s Ricardo Roa, made surprising statements about the company’s operations.

Tuesday, June 13th, 2023
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Roa’s plans

Ecopetrol’s (NYSE: EC) Ricardo Roa Barragán discussed the role of natural gas in the company’s growth and energy transition strategies, in line with the policies of the government under Gustavo Petro.

Tuesday, June 6th, 2023
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Estimate of transfers to the country

Ecopetrol’s (NYSE: EC) Ricardo Roa has unveiled his latest estimate of transfers to the nation over the next three years.

Wednesday, May 31st, 2023
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New oil discovery

New oil discovery

Ecopetrol (NYSE: EC) and Repsol (MSE: REP) have announced a significant oil discovery at the Tinamú-1 exploratory well, located in the municipality of Castilla La Nueva, Meta.

Tuesday, May 30th, 2023
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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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