Felipe Bayón, former president of Ecopetrol (NYSE: EC), raised significant concerns about the current state of the company following a report from JPMorgan that downgraded the firm’s stock price target by nearly 30%.
Colombia is set to unveil a US$40B investment plan designed to replace revenue lost from fossil fuel exports, following its decision to end new oil and gas exploration two years ago.
Juan Manuel Rojas, President of Promigas, has outlined a strategy combining imported liquefied natural gas (LNG) with local gas to meet the nation’s energy demand.
The recent court decision to suspend natural gas exploration at the Uchuva 2 well, operated by Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) in Colombia’s Caribbean waters, will be implemented gradually, according to the judge’s clarification.
A new attack on the Coveñas Caño Limón (CCL) oil pipeline, marks the 27th such incident since late August.
The Colombian Federation of Freight Transport Entrepreneurs (Fedetranscarga) raised alarms over Ecopetrol’s recent decision to temporarily halt the sale of vehicular natural gas to 13 distribution companies amid the ongoing energy crisis caused by severe drought.
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