Or why Hacienda likes the idea of ECP diversifying away from oil and gas: It does not seem to do them very well.
Ecopetrol’s (NYSE: EC) spoke on various topics such as fracking, production, ISA and company dividends.
Since coming back from the year-end holidays, the Colombian business news – and our modest newsletter – has been dominated by Ecopetrol’s surprise announcement that it was bidding for the country’s long haul electricity transmission provider ISA. This has put the NOC’s long-term strategy up for public debate. Coincidentally, two global thinktanks published separate but similar studies warning National Oil Companies to change their investment plans. A song for Felipe Bayón.
CEO Felipe Bayón gave details on the deal between the government and Ecopetrol (NYSE: EC) for 51.4% of ISA in a hearing in the Senate.
The energy transition is advancing, and oil must act quickly so as not to be left behind in this process.
Ecopetrol (NYSE: EC) is betting on the energy transition and investing in new markets is one of the main strategies of the company.
Experts spoke about the possible deal between Ecopetrol (NYSE: EC) and ISA.
The possible transaction between Ecopetrol (NYSE: EC) fand ISA has had effects on their shares.
Ecopetrol (NYSE: EC) announced rigorous environmental monitoring to the first Fracking Pilot Project (PPII).
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