Despite swirling speculation in recent weeks about his potential departure, Ricardo Roa, President of Ecopetrol (NYSE: EC), firmly denied any plans to resign from his position at the helm of Colombia’s largest state-owned company.
S&P Global Ratings has downgraded Ecopetrol’s credit rating from ‘BB+’ to ‘BB’, citing increased exposure to Colombia’s sovereign credit deterioration.
A growing number of Colombian businesses are being impacted by rising insecurity, according to the latest Joint Industrial Opinion Survey (EOIC) conducted by the National Business Association of Colombia (ANDI).
In 2024, Colombia’s oil and gas industry experienced an alarming escalation in social unrest, with blockades and disruptions surging by 151% compared to the previous year.
NG Energy International Corp. (TSXV: GASX) released an operational update highlighting key advancements at its Sinu-9 and Maria Conchita natural gas projects in Colombia.
Ecopetrol’s (NYSE: EC) Board of Directors announced that Mónica de Greiff Lindo will remain on the company’s board after initially expressing her intent to resign.
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