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Eye on Ecopetrol

ECP in the IEA EOR group

The International Energy Agency (IEA) made an important decision about Ecopetrol (NYSE: EC), benefiting the company and the country. The IEA took that decision at the annual enhanced oil recovery (EOR) meeting in the Riviera Maya, Mexico.

Tuesday, October 10th, 2017
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ECP to invest US$2.6B

ECP to invest US$2.6B

In recent years, Ecopetrol (NYSE: EC) has followed an austerity strategy to deal with the oil price crisis. The company committed to reactivate investment this year with heavy spending, but the firm is reducing its budget compared to initial plans.

Monday, October 9th, 2017
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ECP to meet its production target

Ecopetrol (NYSE: EC) has to deal with several problems to operate in the country such as attacks against infrastructure, oil theft, social unrest and popular referendums, among other. However, Felipe Bayón, CEO of ECP, is optimistic about the performance for this year, especially in terms of production.

Thursday, October 5th, 2017
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Bayón on ECP

Bayón on ECP

Felipe Bayón, new CEO of Ecopetrol (NYSE: EC), spoke at the Colombian Petroleum Association’s (ACP) congress. The manager referred to the company’s performance and its plans.

Thursday, September 21st, 2017
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Rig count recovery

Rig count recovery

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August. This metric keeps its positive performance, despite operating challenges in the country.

Tuesday, September 19th, 2017
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Bayon’s challenges

The Minister of Finance and Public Credit, Mauricio Cárdenas, assigned a first challenge to Ecopetrol’s (NYSE:EC) new president, Felipe Bayón, who took office last Friday.

Monday, September 18th, 2017
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New oil industry committee

The Colombian oil sector is facing many challenges and problems in the country. There is much concern about the industry’s future and several oil associations have joined forces to create a committee to boost the sector.

Thursday, August 31st, 2017
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ECP restarts activities in Trogón-1

Communities have protested and made blockades in the municipality of Guamal (Meta) for the development of the exploratory project Trogón-1 of Ecopetrol (NYSE: EC). Authorities were present in the area to control the situation.

Wednesday, August 23rd, 2017
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Bayón new CEO of ECP

Ecopetrol (NYSE: EC) announced that its current Chief Operating Officer, Felipe Bayón will take over as chief executive.  Juan Carlos Echeverry resigned for family reasons. This news generated many reactions.

Friday, August 18th, 2017
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Echeverry’s legacy to ECP

After presenting his resignation to Ecopetrol’s (NYSE: EC) Board of Directors, Juan Carlos Echeverry spoke about his achievements in the NOC’s financial situation.

Friday, August 18th, 2017
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