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Eye on Ecopetrol

Preparations for PPII delayed

Ecopetrol (NYSE: EC) had planned to start monitoring at the Kalé well, the first Fracking Pilot Project (PPII), but it seems like this project is facing its first problems.

Wednesday, February 3rd, 2021
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Colombian government could lower stake in ECP

Ecopetrol (NYSE: EC) announced its intention to buy the government’s stake in ISA, but this could mean a reduction of the government stake in the oil firm.

Monday, February 1st, 2021
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Ecopetrol makes a hard left turn

The most surprising news of the past week was Ecopetrol’s decision to make a bid for 51.4% of the country’s long-haul electricity transmission provider, ISA. This could be a financial trick by Hacienda to turn 8% of its Ecopetrol stock into cash, a way to assure a floor price for ISA or it could be, as ECP said in its press release, a major step along its way to becoming a diversified energy company.

Monday, February 1st, 2021
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ECP announces new solar parks

Ecopetrol (NYSE: EC) announced new renewable energy facilities to boost oil and gas production in the municipality of Castilla La Nueva (Meta).

Wednesday, January 27th, 2021
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New member of ECP Board of Directors

Ecopetrol (NYSE: EC) announced changes to its Board of Directors, after the resignation of one of its members.

Thursday, January 21st, 2021
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ECP sells off part of international operation

Ecopetrol (NYSE: EC) announced the sale of its stake in an international company.

Wednesday, January 20th, 2021
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ECP Innovation Center

Colombia’s Vice Presidency, the Ministry of Science and Ecopetrol (NYSE: EC) announced an agreement to encourage a sustainable economic reactivation, through an innovation center.

Tuesday, January 19th, 2021
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Agreement to promote energy transition

Ecopetrol (NYSE: EC) and the government announced an agreement to promote energy transition.

Wednesday, January 13th, 2021
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Ecopetrol’s fracking pilot project

The National Hydrocarbons Agency (ANH) and Ecopetrol (NYSE: EC) signed the special contract for the development of the Kalé research pilot project.

Tuesday, January 12th, 2021
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ANH approves Shell / Ecopetrol JV for Colombian Caribbean

Ecopetrol (NYSE:EC) received an early Christmas present with the ANH’s approval of its 50:50 venture with Shell (AMS: RDSA).

Tuesday, January 12th, 2021
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