The diesel price in Colombia is set to undergo adjustments this year, according to announcements from President Gustavo Petro’s government and further confirmation from Ecopetrol’s (NYSE: EC) President, Ricardo Roa.
Frontera Energy (TSX: FEC) announced its financial and operating results for 4Q23.
Colombian President Gustavo Petro emphasized the urgent need for Ecopetrol (NYSE: EC) to transition to clean energy.
In a race against time, Ecopetrol (NYSE: EC) finds itself entangled in a tug-of-war over the government’s latest slate of candidates for its board of directors.
In the wake of the restructuring process initiated on September 8, 2023, by CB&I UK Limited, a subsidiary of McDermott International Ltd., in the UK, Refinería de Cartagena (Reficar), a subsidiary of Ecopetrol (NYSE: EC), received notification of a UK court’s decision approving CB&I’s financial restructuring plan.
The company, MinHacienda and those sympathetic to the government quickly blamed Ecopetrol’s 43% drop in Net Income in 2023 on oil prices. Petro attributed it to the end of fossil fuels. The opposition blamed government mismanagement. Who is right or perhaps, what is the right balance between the various partial explanations?
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