Ecopetrol Archives - Energy Analytics Institute (EAI)

Ecopetrol inks confidentiality agreement with Canada’s Canacol Energy

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 8.Sep.2025, Words: 156) — Ecopetrol S.A. entered into a confidentiality agreement with Canadian gas producer Canacol Energy […]

Fitch places Pemex on rating watch positive following tender offer announcement

NEW YORK, NEW YORK (By Fitch, 9.Sep.2025, Words: 1,225) — Fitch Ratings has placed Petroleos Mexicanos’ (PEMEX) ‘BB’ Long-Term Local and Foreign Currency Issuer Default […]

Ecopetrol and National University ink alliance to support higher education in Catatumbo

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 28.Aug.2025, Words: 283) — State-owned Ecopetrol and the National University of Colombia signed an alliance within the […]

Ecopetrol says Cartagena refinery completes implementation of first phase of solar farm

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 19.Aug.2025, Words: 325) — Ecopetrol‘s Cartagena refinery successfully completed implementation of the first phase of the solar […]

Ecopetrol reports on resignation of BODs chairman Guillermo García Realpe

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 19.Aug.2025, Words: 114) — During the board of directors meeting held on 19 Aug. 2025, Dr. Guillermo García […]

EAI brief: Ecopetrol eyes Papayuela-1 in 4Q:25, Buena Suerta-1 didn’t find hydrocarbons

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 13.Aug.2025) — Ecopetrol said the exploration campaign in the GUAOFF-0 block continued during the second-quarter 2025 (2Q:25) […]

Ecopetrol boasts production of 751 Mboe/d in 2Q:25, solid operating performance

BOGOTÁ, COLOMBIA (By Ecopetrol, 13.Aug.2025, Words: 673) — During the first-half 2025 (1H:25), Ecopetrol maintained a solid operating performance, demonstrating its ability to generate sustainable value […]

Ecopetrol announces changes in senior management

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 25.Jul.2025, Words: 318) — Colombia’s state-owned Ecopetrol S.A. said that in its session on 25 Jul. 2025 that […]

Colombia’s ex-energy minister Vélez celebrates geothermal project announcement

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 12.Jun.2025, Words: 197) — Today, Colombia is celebrating announcement of the strategic project to explore the […]

Ecopetrol starts geothermal exploration project in Nariño, a strategic source of energy

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.Jul.2025, Words: 379) — Ecopetrol announced the start of a strategic geothermal exploration project in Azufral, […]

Ecopetrol buys Windpeshi renewable energy wind project in La Guajira from Enel SAS

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 7.Jul.2025, Words: 380) — Ecopetrol S.A. completed the acquisition of 100% of the shares of Wind […]

Ecopetrol reports on ongoing customs procedure initiated by the DIAN, penalty of COP1.2tn

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 2.Jul.2025, Words: 254) — The Colombian Tax and Customs Authority (DIAN) notified Colombia’s Ecopetrol of special […]

Ecopetrol obtains authorization to amend its local public bond placement program

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 1.Jul.2025, Words: 246) — State-owned Ecopetrol S.A. said the Financial Superintendency of Colombia (SFC), through Resolution 1139 dated 11 […]

Ecopetrol exports first shipment of 185,000 bbls of new marine fuel to the US

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 9.Jun.2025, Words: 328) — Ecopetrol revealed the initial export of 185,000 bbls of marine fuel derived from […]

S&P maintains Ecopetrol’s global credit rating at BB+ [10-pg PDF download]

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 5.Jun.2025, Words: 259) — S&P Global Ratings will maintain Ecopetrol SA‘s global credit rating at BB+ as […]

Colombia’s ANH says 3P gas reserves offshore reached 7.408 Tcf at YE:24 [PDF download]

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.May.2025, Words: 440) — Data released by Colombia’s National Hydrocarbon Agency (ANH by its Spanish acronym), revealed 3P (proven + […]

Ecopetrol to buy portfolio of up to 1,300 MW of solar and wind energy projects in Colombia

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.May.2025, Words: 256) — Colombia’s Ecopetrol S.A. executed an asset purchase agreement with Statkraft European Wind […]

Norway’s Statkraft inks deal to divest Enerfín Colombia to Ecopetrol

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 21.May.2025, Words: 260) — Statkraft, Europe’s largest renewable energy producer, signed an agreement to sell Enerfín Colombia, […]

Ecopetrol eyes Gato do Mato production offshore Brazil in 2029, reserve incorporations in 2025

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.May.2025, Words: 275) — Colombia’s state-owned Ecopetrol SA expects its Gato do Mato project offshore Brazil in […]

Ecopetrol reports output of 745,000 boe/d in 1Q:25, updates on Buena Suerta-1 well

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.May.2025, Words: 432) — Colombia’s state-owned Ecopetrol SA reported hydrocarbon production of 745,000 barrels of oil equivalent […]

Petrobras’ Anjos: next step around Sirius-2 relates to consultations with Colombia communities

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 6.May.2025, Words: 218) — Plans to move forward development of natural gas resources found in the Sirius-2 […]

Ecopetrol evaluating South Caribbean gas strategy after Shell’s exit

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 24.Apr.2025) — Colombia’s state-owned Ecopetrol S.A. has initiated a joint plan to determine the best alternative to […]

Ecopetrol and AES Colombia to build 49% of Jemeiwaa Ka’I wind cluster in La Guajira

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.Apr.2025, Words: 160) — Colombia’s state-owned Ecopetrol and AES Colombia & CIA SCA E.S.P. signed an investment framework […]

Ecopetrol and Petrobras spud Buena Suerte-1 well offshore Colombia

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 11.Apr.2025, Words: 136) — Colombia’s state-owned Ecopetrol and its Brazilian counterpart Petrobras spud the Buena Suerte-1 well […]

Ecopetrol and Petrobras successfully conclude Sirius-2 testing phase

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Apr.2025, Words: 265) — Ecopetrol and Petrobras International Braspetro B.V – Colombia Branch (PIB-COL) successfully completed the […]

Ecopetrol reaches agreement to end blockages in Colombia’s Meta department

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Apr.2025) — Colombia’s Ecopetrol reached an agreement with the Unuma Indigenous Association to end road blockades near its […]

Shell takes FID for Gato do Mato in Brazil’s prolific pre-salt, eyes 2029 start-up of production

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 21.Mar.2025, Words: 398) — Shell plc subsidiary Shell Brasil Petróleo Ltda. has taken the final investment decision […]

Ecopetrol announces start of market maker program on Colombia stock exchange

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.Mar.2025) — Ecopetrol S.A. completed the necessary procedures for the implementation of the Market Maker program for […]

Petrobras and Ecopetrol encounter good productivity at DST offshore Colombia

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Mar.2025) — Rio de Janeiro-based Petrobras said the Drill Stem Test (DST) in the Sirius-2 well, located […]

Ecopetrol Appoints Robledo as New BOD after Palma Resignation

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 5.Mar.2025) — Ecopetrol S.A. announced the resignation of Dr. Edwin Palma Egea, which was submitted today to the […]

Ecopetrol Reports Production of 746,000 boe/d in 2024

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — Colombia’s state-owned Ecopetrol reported average crude oil and natural gas production of 746,000 barrels of […]

Ecopetrol’s 2024 Earnings Distribution Proposal

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Ecopetrol announced its proposal for the distribution of 2024 earnings, which has been approved by its […]

Moody’s Maintains Ecopetrol’s Global Credit Rating at Ba1 with a Stable Outlook

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Moody’s reported the results of its periodic review of Ecopetrol S.A. on 24 Feb. 2025 […]

Ecopetrol to Guarantee Adequate Representation at 28 Mar. 2025 Shareholder Meeting

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 21.Feb.2025) — The Board of Directors of Ecopetrol SA approved implementation of measures aimed at guaranteeing the […]

Ecopetrol Reports 104% Reserves Replacement in 2024, Average Reserve Life of 7.6 Years

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Bogotá-based Ecopetrol SA boosted its net proven crude oil, natural gas and condensates reserves (1P […]

Ecopetrol to Host 4Q:24 Webcast on 5 Mar. 2025

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — Ecopetrol S.A. plans to release its financial and operating results for the fourth-quarter 2024 and full […]

Ecopetrol Closes Purchase of Repsol’s 45% Interest in Block CPO-09 for $452mn

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Feb.2025) — Ecopetrol S.A. successfully completed the transaction with Repsol Colombia Oil & Gas Limited to purchase the remaining […]

Colombia’s Petro Calls for Sale of Ecopetrol Fracking Operations in US

BOGOTA, COLOMBIA (Luis Jaime Acosta, Reuters, 4.Feb.2025) — Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol‘s fracking operations in the […]

Petrobras reported natural gas sales of 50 MMcm/d in 2024

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Feb.2025) — Petrobras reported average natural gas sales of 47 million cubic meters per day (MMcm/d) in […]

Ecopetrol and Oxy extend Midland development plan in the Permian Basin

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Feb.2025) — Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extended development of their Rodeo Midland Basin […]

Ecopetrol Board Approves Senior Management Changes

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Feb.2025) — The Board of Directors of Ecopetrol S.A. approved adjustments to its organizational structure on 31 Jan. […]

Colombian President Celebrates PV Project Exclusively Powered by JA Solar

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Jan.2025) — Colombia’s President Gustavo Petro attended a ceremony at a state-owned Ecopetrol‘s refinery in Cartagena. There, he personally […]

Ecopetrol Reveals Changes in Senior Management

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 16.Jan.2025) — Ecopetrol S.A. announced the following changes will be made in its senior management: — Walter […]

Ecopetrol to Temporarily Reduce Conversion Cost of Purchase and Sale ADRs by 50%

(Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Bogota-based Ecopetrol reached an agreement with JPMorgan Chase Bank N.A., the depositary bank of its American Depositary Receipts […]

Ecopetrol Closes Deal with Repsol for 45% Interest in Colombia’s CPO-9 Block

(Piero Stewart, Energy Analytics Institute, 29.Dec.2024) — Colombia’s state-owned Ecopetrol successfully concluded negotiations with Spain’s Repsol to acquire the remaining 45% of its interest in […]

EAI Andean NRG Dashboard 4Q:24 [PDF Download]

(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, […]

Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision

(REUTERS, 20.Dec.2024) — Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government […]

Ecopetrol Names Senior Management and Legal Representative

(Energy Analytics Institute, 16.Dec.2024) — Ecopetrol S.A. announces that Germán González Reyes, who has been serving as Secretary General since 29 Sep. 2023 and Acting […]

Petrobras and Ecopetrol confirm 6 Tcf of gas at Sirius-2

(Piero Stewart, Energy Analytics Institute, 5.Dec.2024) — Brazil’s state-owned Petrobras, through its wholly-owned subsidiary Petrobras International Braspetro B.V. – Colombia Branch (PIB-COL), and Colombia’s state-owned […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 29 Nov. 2024

(Energy Analytics Institute, 29.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 29 Nov. 2024. —Argentina: YPF has put […]