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Eye on Ecopetrol

Ecopetrol’s Lines of Business in the black

Ecopetrol’s Lines of Business in the black

Ecopetrol (NYSE:EC) is unique among Colombia-focused operators for many reasons but one is that it is the country’s only integrated oil company, lacking just retail distribution for it to cover the entire value chain. Luckily, the NOC publishes results by Line of Business (LoB) that allow us to understand what is happening below the top-line.

Monday, March 26th, 2018
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Fracking in 2018?

The Ministry of Environment (MinAmbiente) announced that it is finalizing the rules for the development of this technique in Colombia.

Wednesday, March 21st, 2018
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ECP’s production strategy

The NOC is working on improved recovery programs to continue increasing its proven reserves.

Thursday, March 15th, 2018
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ECP announces new oil discovery

ECP announces new oil discovery

Ecopetrol (NYSE: ECP) announced an oil discovery in its CPO-09 block, in the municipality of Guamal (Meta). The NOC has a 55% stake in the project and its partner, Talisman Colombia Oil & Gas, (Repsol) has the remaining working interest.

Wednesday, March 14th, 2018
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Bayón on ECP plans

Felipe Bayón, CEO of Ecopetrol (NYSE: ECP), spoke about the company’s recent oil discoveries, their relevance and the firm’s plans for this year.

Monday, March 5th, 2018
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ECP 2017 results

ECP 2017 results

Ecopetrol (NYSE: EC) announced its fourth quarter and full-year 2017 results. The firm highlighted that net income was the highest of the past four years. The NOC’s reported margins are at their highest in the past two years.

Wednesday, February 28th, 2018
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“Despite violent acts, 2018 is going to be a good year”: MinMinas

Minister of Mines and Energy (MinMinas), Germán Arce, spoke about terrorist attacks on Coveñas-Caño Limon (CCL), acts of vandalism against Ecopetrol’s (NYSE: EC) infrastructure, and the controversies surrounding unconventional projects.

Wednesday, February 28th, 2018
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ECP investment in social projects

ECP investment in social projects

Ecopetrol (NYSE: ECP) announced its investment budget for social and environmental projects in 2017. The company highlighted that most projects will be carried out this year, benefiting the development of communities and regions in the country.

Tuesday, February 27th, 2018
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ECP reserves

ECP reserves

Ecopetrol (NYSE: EC) reported its reserves as of December 31, 2017. The NOC managed to report positive results despite social problems, attacks on its infrastructure and low prices during the past year.Ryder Scott Company and De Golyer & Mac Naughton audited the majority of reserves (99%).

Tuesday, February 20th, 2018
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“There are positive expectations for the sector in 2018”: Velandia

The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about oil prices, production targets and other industry metrics for this year.

Wednesday, February 14th, 2018
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