NRGBriefs: ANH Talks About Colombia’s Gas Potential
(Energy Analytics Institute, 14.Oct.2021) — Energy briefs including comments from a webcast hosted by the ACIPET spanning speakers such as ANH head Armando Zamora as well as ANH’s José de...
Only Shell, Ecopetrol Place Bids In Brazilian Oil Round
(Reuters, 7.Oct.2021) — Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since...
APPEC: Ecopetrol To Expand Heavy Crude Marketing In Asia
(S&P, 27.Sep.2021) — Asian refiners could soon find their crude oil procurement options in the regional spot market increase significantly as Colombia's state-run Ecopetrol rapidly accelerates its heavy crude marketing...
Ecopetrol Sanctioned By ANLA
(Energy Analytics Institute, 14.Sep.2021) — The National Environmental Licensing Authority (ANLA) fined Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC), through Resolution 01613 dated 10 September 2021, for a sum of COP $3,667,409,150....
Colombia Loses Gas Supply After Glitch
(Argus, 2.Sep.2021) — Colombia is working to restore natural gas supply after an outage at state-controlled Ecopetrol's Cusiana field, the country's second supply hiccup in a week. Ecopetrol said the...
Moody’s Maintains Ecopetrol Rating
(Energy Analytics Institute, 1.Sep.2021) — Moody's Investors Service affirmed the credit rating of Colombia’s state oil company Ecopetrol S.A. at Baa3 but changed its outlook from Stable to Negative. The...
Ecopetrol BOD Approves Framework For Stock Issuance
(Ecopetrol, 30.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), informs that during the session held on Friday 27 August 2021, its Board of Directors approved the framework for the Third...
State Companies Take Steps Toward Climate Neutrality
(Bloomberg, 24.Aug.2021) — Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t bend as far. Petroleos Mexicanos left investors with more questions...
LatAm Briefs: Guyana-Suriname Basin Reserves
(Energy Analytics Institute, 21.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina pondering its allocation of energy subsidies, Ecopetrol closing on an earlier announced $3.7bn ISA...
Ecopetrol Closes ISA Transaction
(Energy Analytics Institute, 20.Aug.2021) — Colombia’s state oil giant Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) announced on 20 August 2021 that closing conditions set forth in the Inter-administrative contract, dated...
S&P Maintains Ecopetrol Rating At BB+
(Ecopetrol, 18.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) announced that the risk rating agency Standard & Poor's maintained the international long-term rating of Ecopetrol at BB+ and the individual...
Ecopetrol Gets Go Ahead For $4bn Loan For ISA Acquisition
(Ecopetrol, 16.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that by means of Resolution 1928 of 13 August 2021, the Ministry of Finance and Public Credit (MHCP) authorized the company...
Ecopetrol To Pay $3.7bn For ISA Stake
(Ecopetrol, 11.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 11 August 2021, it signed the Inter-administrative Share Purchase Agreement with the Colombian Ministry of Finance and Public Credit...
Ecopetrol’s 2Q:21 Earnings Call Transcript
(Motley Fool, 4.Aug.2021) — Colombia’s state oil giant Ecopetrol hosted its second quarter 2021 conference call to discuss operational and financial details. What follows is the transcript of the call....
LatAm Briefs: Ecopetrol Results, Guyana Oil Lift
(Energy Analytics Institute, 3.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific Metals Corp. commencing a diamond drilling program in Bolivia, Ecopetrol’s strong second quarter...
Ecopetrol Reveals 2Q:21 Results
(Ecopetrol, 3.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group's financial results for the second quarter and the first half of 2021. In words of Felipe Bayón Pardo,...
Ecopetrol Q2 Profit Soars To $951mn
(Reuters, 3.Aug.2021) — Colombia’s majority state-owned oil company Ecopetrol’s second-quarter net profit soared to 3.72 trillion pesos ($951 million), boosted by strong sales, the company said on Tuesday, compared with...
Ecopetrol Submits Binding Offer For ISA
(Ecopetrol, 2.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that during the meeting held on Friday 30 July 2021, its Board of Directors authorized the Legal Representative of the company...
Ecopetrol Approved For $1.2bn Credit Line
(Ecopetrol, 2.Aug.2021) — By means of Resolution 1824 of 30 July 2021, the Ministry of Finance and Public Credit authorized the execution of a contingent credit line ("Committed Credit Line")...
Santander Court Revokes Fine On Ecopetrol
(Ecopetrol, 2.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) was notified of the decision issued by the Administrative Court of Santander that voided the 22 December 2011 and 8 August 2016...
Ecopetrol Opposes Injunctive Related To ISA
(Ecopetrol, 29.Jul.2021) — Ecopetrol S.A. (BVC: Ecopetrol;NYSE: EC) reports that on 28 July 2021, it filed a statement in opposition to the preliminary injunctive relief requested within a public action (acción...
Ecopetrol To Host 2Q:21 Conf. Calls
(Energy Analytics Institute, 29.Jul.2021) — Colombia’s state oil giant Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) will release its financial and operating results for the second quarter of 2021 (2Q:21) on 3...
LatAm Briefs: Train 1 Mothballing, CVP Appointments
(Energy Analytics Institute, 28.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: rising Brazilian imports of US LNG, Ecopetrol’s electric vehicles fleet, Hess reports 2Q:21 results, Trinidad...
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s Neuquén region to 13 renewable projects identified by Colombia’s Ecopetrol...
Ecopetrol Reports Uptick In Oil Output
(Ecopetrol, 12.Jul.2021) — Ecopetrol S.A. (BVC: Ecopetrol; NYSE EC) informs about the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection...
Ecopetrol Downgraded By Fitch
(Energy Analytics Institute, 7.Jul.2021) — Fitch Ratings downgraded Ecopetrol S.A.’s downgraded the state oil company's foreign currency and local currency Issuer Default Ratings to BB+ from BBB- with a Stable...
Colombia Anticipates New Offshore Oil Exploration
(Bloomberg, 1.Jul.2021) — Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its...
Colombia’s Ecopetrol Incorporates Singapore Affiliates
(Ecopetrol, 1.Jul.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) concluded the incorporation of Ecopetrol Singapore Pte Ltd., a company in which it will directly own 100% of its share capital. In...
Ecopetrol Gets OK To Issue, Place Bonds
(Ecopetrol, 30.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) received authorization from the Ministry of Finance and Public Credit, through Resolution 1484 of 29 June 2021, to structure the issuance...
Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition
(Ecopetrol, 24.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit (MHCP) on 12 February 2021, in connection with...
![Colombia’s Oil and Gas Industry Revival [Request Free Webinar]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/2021-06-10-at-16-14-29-3rd-International-Business-Congress-and-Exhibition-Colombia-Oil-and-Gas-2021-768x236.png)
Colombia’s Oil and Gas Industry Revival [Request Free Webinar]
(Energy Analytics Institute, 10.Jun.2021) — Vostock Capital team offers the possibility to watch Opening Session of the Colombia Oil and Gas 2020. Request Free Webinar Here Among the session participants:...
LatAm Briefs: Castillo Leads In Peru’s Latest Election Count, Ecopetrol Net Zero
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Peruvian elections results now showing Free Peru (Politico Nacional Peru Libre) leftist candidate Pedro Castillo...
LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast
(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to...
Ecopetrol Says Protests Impacting Its Operations
(Ecopetrol, 26.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the...
S&P Downgrades Ecopetrol Rating
(Ecopetrol, 21.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in line with the downgrade of the rating of the Republic of Colombia, the rating agency S&P Global Ratings...
Ecopetrol Names New Exploration VP
(Ecopetrol, 11.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that Jorge Arturo Calvache, Vice-President of Exploration has decided to retire as of 1 June 2021. The company acknowledges and thanks...
Ecopetrol CEO Felipe Bayón On 1Q:21 Webcast
(Seeking Alpha, 5.May.2021) — Colombia’s state oil company Ecopetrol S.A. (NYSE:EC) hosted its 1Q:21 results earnings conference call on 5 May 2021. The transcript follows. Company Participants Felipe Bayón -...
LatAm Briefs: Venezuela Oil Output, Ecopetrol Tactical Hedges
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s rising crude oil production and tactical hedges in place by Colombia’s Ecopetrol. Venezuela’s Oil...
LatAm Briefs: Ecopetrol Results [PDF Download]; Roadblocks In Neuquén
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Ecopetrol reporting strong 1Q:21 financial results [see enclosed PDF download] and a Chilean congressman expressing...
Ecopetrol Group Reveals 1Q:21 Results
(Ecopetrol, 4.May.2021) — Ecopetrol SA announced the Ecopetrol Group's financial results for the first quarter of 2021, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. The...
Ecopetrol Reports On Sanction By ANLA
(Ecopetrol, 30.Apr.2021) — Ecopetrol S.A., informs that the National Authority on Environmental Licensing (ANLA), through Resolution No. 754 of 2021, declared the company responsible for carrying out works, during the...
Ecopetrol On Release Of 1Q:21 Results
(Ecopetrol, 28.Apr.2021) — Ecopetrol S.A. announces that on 4 May 2021 after market close, it will release its financial and operating results for the first quarter of 2021. On Wednesday,...
Ecopetrol Files Form 20-F (2020)
(Ecopetrol, 9.Apr.2021) — Ecopetrol S.A. announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (SEC)....
Shell Updates On South American Assets In Annual Report
(Shell, 1.Apr.2021) — Shell provided details in its 2020 annual report related to its operations in South America from Argentina, Brazil and Bolivia. What follows is a summary from the...
Ecopetrol On Shareholders’ Meeting
(Ecopetrol, 29.Mar.2021) — Ecopetrol S.A. announced that at the ordinary General Shareholders' Meeting, held on 26 March 2021, the company's Shareholders approved the following: 1. The earnings distribution proposal presented...
Committee Named For ISA Valuation
(Ecopetrol, 26.Mar.2021) — Ecopetrol S.A. reports that its Board of Directors, within the context of the potential acquisition of the 51.4% of the outstanding shares currently owned by the Ministry...
LatAm Briefs: Petrobras Form 20-F, Ecopetrol Eyes Net Zero
(Energy Analytics Institute, 25.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Brazil’s Petrobras filing its Form 20-F for 2020 and Colombia’s Ecopetrol announcing its commitment and...
Ecopetrol Eyes Net Zero Emissions By 2050
(Ecopetrol, 25.Mar.2021) — In line with its commitment to mitigate climate change, further the energy transition and its TESG agenda[1], Ecopetrol Group announces its goal of net zero emissions by...
Ecopetrol On Board Member Nominee
(Ecopetrol, 19.Mar.2021) — Ecopetrol S.A. announced in accordance with the agreement of the Nation's Declaration as the majority shareholder, and in compliance with standing procedures, the representatives of the hydrocarbon...
Investor’s Fear Colombia Pressured Ecopetrol
(Bloomberg, 28.Feb.20211) — The deal, as investors from Bogota to New York see it, has all the markings of a cash-strapped federal government forcing a state-run company to bail it...
Ecopetrol Earnings Results Call Transcript For 4Q:20
(Seeking Alpha, 24.Feb.2021) — Colombia’s Ecopetrol S.A. announced results of operations for the fourth quarter of 2020. Details from the related earnings conference call held on 24 February 2020 follow:...
Ecopetrol Adopts Measures For Shareholder’s Meeting
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reports that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial...
Ecopetrol’s Annual General Meeting
(Ecopetrol, 23.Feb.2021) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the Annual General Shareholders' Meeting to be held remotely on Friday, 26 March 2021, starting...
Ecopetrol: 2020 Earnings Distribution Proposal
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. hereby informs of the company's 2020 earnings distribution proposal, approved by its Board of Directors, which will be submitted for the consideration of the General...
Ecopetrol Reports 4Q:20 And YE:20 Results
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reported today the financial results of the Ecopetrol Group for the fourth quarter and the cumulative results for 2020, prepared in accordance with the International...
Ecopetrol Minority Owners Nominate Candidate
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. informs that in accordance with the subscription of the Declaration of the Nation as majority shareholder and the established procedure, the representatives of the minority...
Ecopetrol Adopts Measures For Shareholders’ Meeting
(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reports that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial...
Ecopetrol’s Annual General Shareholders’ Meeting
(Ecopetrol, 23.Feb.2021) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the Annual General Shareholders' Meeting to be held remotely on Friday, 26 March 2021, starting...
Ecopetrol’s Reserves Fall To 1,770 MMboe At YE:20
(Ecopetrol, 19.Feb.2021) — Ecopetrol S.A.’s consolidated crude oil, condensates and natural gas proven reserves (1P reserves, according to the standard international denomination) as of 31 December 2020. Reserves were estimated...
Ecopetrol On Decision Related To Lisama 158 Well
(Ecopetrol, 9.Feb.2021) — Ecopetrol S.A. has been notified of the decision issued by Colombia's National Environmental Licensing Authority (ANLA), as per Resolution 290 of 9 February 2021, whereby a fine...
Ecopetrol Updates On Offer To Acquire ISA Stock
(Ecopetrol, 8.Feb.2021) — Ecopetrol S.A,, pursuant to the provisions set forth in Article 5.2.4.1.6 - Decree 2555/2010, does hereby confirm the information published in several media outlets that last 5...
Ecopetrol Eyes Two Promising Developments
(Energy Analytics Institute, 31.Jan.2021) — Colombia’s state oil and gas company Ecopetrol is eyeing two promising developments in Colombia that could utilize initial lessons learned abroad from offshore Brazil and...
Petrobras And Ecopetrol Bullish On 2021
(Argus, 28.Jan.2021) — Just as Covid-19 affected each Latin American country differently, so too is the outlook of each country's future crude oil production and exports. Colombia's state-owned Ecopetrol and...
Ecopetrol’s Bid For ISA Ratifies Govt Linkage
(Fitch Ratings, 28.Jan.2021) — Ecopetrol's (BBB-/Negative) non-binding offer for the Colombian government's 51.4% stake in Interconexion Electrica (ISA, BBB+/Negative) ratifies the company's close linkage with the government, according to Fitch...
Ecopetrol Bids For Transmission Giant
(Argus, 27.Jan.2021) — Colombia's state-controlled Ecopetrol is seeking to acquire state-controlled electricity transmission giant Isa in an aggressive move away from its core oil business. Ecopetrol presented a non-binding offer...
Ecopetrol Says Pipeline Theft Rose 46% Last Year
(Reuters, 20.Jan.2021) — Theft of crude oil from pipelines operated by Colombia's state-controlled oil company Ecopetrol rose by 46% last year, driven by surging robberies along the Cano Limon-Covenas pipeline,...
Ecopetrol On Sale Of Stake In Offshore Int’l Group
(Ecopetrol, 19.Jan.2021) — Ecopetrol S.A. signed a Share Purchase Agreement with De Jong Capital LLC, through one of its subsidiaries as buyer, pursuant to which Ecopetrol sold its 50% ownership...
Colombia Said To Review Divesting Stake In ISA
(Bloomberg, 6.Jan.2021) — Colombia’s government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge...
University Of Los Llanos Inaugurate Meta Campus
(Ecopetrol, 30.Dec.2020) — Ecopetrol and the University of Los Llanos "Unillanos" gave the service the second phase of works of this educational institution at the boquemonte headquarters, in the municipality...
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Colombian Officials On Ecopetrol And Shell Deal [VIDEO]
(Energy Analytics Institute, 24.Dec.2020) — Officials from Colombia’s National Hydrocarbon Agency (ANH) and Ministry of Mines commented on approval of assignment of a 50% interest held by state owned Ecopetrol...
ANH Approves Deal Between Ecopetrol And Shell
(ANH, 24.Dec.2020) — The ANH approved the entry of Shell EP Offshore Ventures Limited, Colombian branch as operating partner of three Hydrocarbon Exploration and Production contracts in the deep waters...
Q&A: Ecopetrol Ready To Compete, Ready For Change
(Argus, 16.Dec.2020) — Colombia's state-controlled Ecopetrol had been diversifying crude exports with a commitment to quality before the market tailspin of 2020. Now the company is preparing to boost crude...
Ecopetrol Eyes Capex Of $3.5-$4bn In 2021
(Ecopetrol, 14.Dec.2020) — Ecopetrol S.A.’s Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3.5bn and $4bn. HIGHLIGHTS - The...
Fitch Affirms Ecopetrol’s Investment Grade Rating
(Ecopetrol, 1.Dec.2020) — Ecopetrol reports that rating agency, Fitch Ratings, has affirmed the company’s credit rating at BBB- with a negative outlook and its standalone credit profile (without incorporating government...
USO Requests Investigation Into Ecopetrol Refinery Fire
(Energy Analytics Institute, 27.Nov.2020) — The Obrera Oil Union (USO) requested an investigation into the causes of the fire that occurred at Ecopetrol’s refinery in Barrancabermeja, Santander, announced RCN RadioBucaramanga...