(Frontera Energy Corporation, 3.Aug.2018) – Frontera Energy Corporation released its Interim Condensed Consolidated Financial Statements for the second quarter of 2018, together with its Management, […]
Tag: Ecopetrol
Ecopetrol Announces Changes to Management Structure
(Ecopetrol, 31.Jul.2018) – Ecopetrol S.A. reports that at its session on July 27, 2018, Ecopetrol’s Board of Directors approved adjustments to the company’s management structure […]
Colombia Must Boost Investments 55% to Maintain Output
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The South American country needs to boost investments from an projected $4.5 billion in 2018 to a level […]
Moody’s Upgrades Ecopetrol Rating
(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) – The risk-rating agency Moody’s increased the baseline credit assessment (BCA) two notches, to ba1 from ba3 for Colombia’s […]
Duque Names Maria Fernanda Suarez Energy Minister
(Reuters, 18.Jul.2018) – Colombia’s President-elect Ivan Duque on Wednesday named Maria Fernanda Suarez as mining and energy minister when he takes office in August, a […]
Colombia Names New Mining Minister
(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) – Colombia’s President elect Iván Duque named Ecopetrol Executive Vice President María Fernanda Suárez as the country’s new mining […]
Cano Limon-Covenas Pipeline Restarts After 180 Days
(Reuters, 17.Jul.2018) – Pumping through the Colombia’s Cano Limon-Covenas oil pipeline restarted after a 180-day stoppage due to repeated attacks by Marxist ELN rebels, military […]
Colombia’s Cano Limon Pipeline Restarts
(Seeking Alpha, Carl Surran, 17.Jul.2018) – Colombia’s Cano Limon-Covenas pipeline has resumed pumping oil after a 180-day stoppage due to repeated attacks by Marxist ELN […]
Ecopetrol to Operate Dina Gas Plant
(Energy Analytics Institute, Piero Stewart, 8.Jul.2018) – The gas plant has treatment capacity of 10 million cubic feet per day (MMcf/d) of natural gas. Ecopetrol […]
Ecopetrol to Prepay Loan of COP$ 1.4 Tln
(Energy Analytics Institute, Piero Stewart, 6.Jul.2018) – Colombia’s state oil company Ecopetrol will prepay the entire syndicated loan it entered into in 2013 with local […]
Ecopetrol Finds New Oil in Cundinamarca
(Energy Analytics Institute, Piero Stewart, 5.Jul.2018) – A find at the Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located […]
Pipeline Releases 125 Bbls into Magdalena River
(Energy Analytics Institute, Ian Silverman, 30.Jun.2018) – Ecopetrol announced an oil spill of 125 barrels into the Magdalena River. The spill occurred while repair activities […]
Ecopetrol Director to Divest of Shares
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – Authorization has been granted to a director to sell shares of Ecopetrol S.A. The Board of Directors of […]
S&P Affirms Ecopetrol Rating
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – The rating agency affirmed the investment rating for Ecopetrol, S.A. Standard & Poor’s kept Ecopetrol’s long-term international rating […]
Ecopetrol Files Collective Labor Claim
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – Colombia’s state oil company has filed a collective labor agreement claim with the Ministry of Labor. As prescribed […]
Ecopetrol to Prepay $156 Mln in Loans
(Energy Analytics Institute, Ian Silverman, 20.Jun.2018) – Colombia’s state oil company Ecopetrol S.A. announced it will prepay all loans entered into in 2013 with international […]
Colombia Produced 865,987 B/D in May 2018
(Finance Colombia, Jared Wade, 14.Jun.2018) –Colombia produced an average of 865,987 barrels of oil per day in May, an uptick of 1.6% over May 2017 […]
Ecopetrol to Invest COL$94.5 Bln on Infrastructure
(Energy Analytics Institute, Jared Yamin, 28.May.2018) ‐- Ecopetrol plans to invest a total of COL$94.5 billion Colombian pesos on infrastructure and education. The funds for […]
Ecopetrol Says Tibú Field Affected by Continued Sabotage
(Energy Analytics Institute, Jared Yamin, 27.May.2018) ‐- Thefts of elements from producing wells coupled with infrastructure sabotage at the Tibú field in the municipality by […]
Ecopetrol to Initiate Drilling of 19 Wells in Akacías
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Ecopetrol and Talisman Colombia Oil & Gas (TCOG), a company of Repsol group, plan to initiate drilling of […]
Ecopetrol Plans Social Investments of 1.3 Bln Pesos in Meta
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Colombia’s state oil company Ecopetrol announced plans to make social investments of 1.3 billion Colombian pesos in Meta […]
Fire at Barrancabermeja HDT Plant Controlled
(Energy Analytics Institute, Aaron Simonsky, 21.May.2018) – Colombia’s state oil company Ecopetrol announced that it has controlled a fire at the HDT plant of the […]
Ecopetrol Profit Rises Nearly 200% in First Quarter
(Reuters, 4.May.2018) – Ecopetrol, Colombia’s state-run oil company, said on Thursday that its first quarter net profit rose to 2.6 trillion pesos ($923.3 million), up […]
Ecopetrol Provides Update on Emergency in Tumaco
(Energy Analytics Institute, Jared Yamin, 2.May.2018) – Colombia’s Ecopetrol published a brief update on emergency operations in Tumaco. In the area there are more than […]
Ecopetrol Reports Highest Net Income in Last 4 Years
(Energy Analytics Institute, Jared Yamin, 15.Apr.2018) ‐- During the first three months of 2018, Ecopetrol reported its highest quarterly net income in the last four […]
Colombia’s Attorney General to Investigate Ecopetrol Oil Spill
(Reuters, 3.Apr.2018) – Colombia’s attorney general’s office on Monday launched an investigation to determine whether officials from state-run oil company Ecopetrol could be held criminally […]
Expert Urges Faster Global Transition to Clean Energy
(Efe, 23.Mar.2018) – The world must accelerate its transition from a carbon-based to a clean energy-based economy to put the brakes on a climate catastrophe […]
SAExploration Signs Three Year Agreement With Hocol In Colombia
(SAExploration, 12.Apr.2017) — SAExploration Holdings, Inc. (SAE) announced the signing of a three year agreement with Hocol S.A. to be its provider of seismic acquisition […]
Venezuela Output To Fall 100-150 Mb/d in 2017
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – An inability to boost foreign and domestic investments in Venezuela’s oil sector in 2017 will result in further […]
Ecopetrol’s Annual General Shareholders’ Meeting
(Ecopetrol, 27.Feb.2017) – The Chief Executive Officer of Ecopetrol S.A. announced details of the Annual General Shareholders’ Meeting held on March 31, 2017 at the […]
Ecopetrol Auction Related to EEB Declared Void
(Ecopetrol S.A., 15.Feb.2017) – Ecopetrol S.A. reported results of the fourth auction corresponding to Stage Two of the Program to Transfer and Award its 28,465,035 […]
Ecopetrol Notice for Empresa de Energía de Bogota
(Ecopetrol S.A., 8.Feb.2017) – Ecopetrol S.A. announced on February 8, 2017, as established in the Offering Notice of Second Stage, the company published the offering […]
Fitch Improves Ecopetrol’s Rating Outlook
(Fitch, 1.Jan.2017) – Ecopetrol S.A. reported that on March 14, 2017, rating agency Fitch Ratings improved the outlook for the company’s rating from a negative […]
Fitch Reaffirms Ecopetrol Investment Grade
(Ecopetrol, 12.Dec.2016) – Ecopetrol S.A. reported the risk rating agency Fitch Ratings kept the company at investment grade, with an international rating of BBB. Fitch […]
Ecopetrol Notice Regarding ISA Divestment Plan
(Ecopetrol, 10.Dec.2016) – Ecopetrol S.A. announced that on December 10, 2016, as established in the Offering Notice of Second Stage, the company published the offering […]
Venezuela to soon initiate gas shipments to Colombia
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) – Venezuela plans to soon initiate shipments of natural gas to Colombia, reported Venezuela’s new agency AVN, citing the […]
Ecopetrol Offers 20 Production Assets
(Ecopetrol S.A., 24.Jun.2016) – Ecopetrol S.A. announced that it launched ‘Ronda Campos 2016,’ a public and competitive bidding process, the objective of which is to […]
Ecopetrol Prices $500mn Debt Offering
(Ecopetrol, 10.Jun.2016) — Ecopetrol S.A. reports that, on 8 June 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution […]
Ecopetrol Successfully Prices Int’l Bond for $500 Mln
(Ecopetrol S.A. 10.Jun.2016) – Ecopetrol S.A. reports that, on June 8, 2016, based on the authorization granted by the Ministry of Finance and Public Credit […]
Fitch Rates Reopening of Ecopetrol Notes
(Fitch Ratings, 8.Jun.2018) – Fitch Ratings rates the $500 million reopening of Ecopetrol S.A.’s 5.875% notes due in 2023 ‘BBB’. The company expects to use […]
Ecopetrol Continues Hedge Accounting Policy
(Ecopetrol S.A., 7.Jun.2016) – Ecopetrol S.A. announced that its Board of Directors, in a session held on June 6, 2016, approved the implementation of “Hedge […]
Company Profile: Oleoducto Central S.A. (Ocensa)
(Moody’s, 4.Jun.2016) – Oleoducto Central S.A. (Ocensa) is the largest crude oil pipeline and the only public-use pipeline in Colombia. Its pipeline is ~845 km […]
Ecopetrol Equity Divestment Plan for EEB Shares
(Ecopetrol S.A. 2.Jun.2016) – Ecopetrol S.A. announced that on June 1, 2016, through the X-STREAM trading system of the Colombian Stock Exchange (Bolsa de Valores […]
Colombia Needs Investments of $7 Bln
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) – Colombia needs to invest an estimated $7 billion per year over a ten-year period or under to remain […]
Moody’s Confirms Ecopetrol Investment Rating
(Ecopetrol S.A. 10.May.206) – Ecopetrol S.A. announced that Moody’s Investors Service has maintained Ecopetrol’s credit rating at Baa3. This confirmation means that the company will […]
Moody’s Affirms Ocensa’s Baa3 Ratings
(Moody’s, 4.May.2016) – Moody’s affirmed Oleoducto Central, S.A.’s (Ocensa) Baa3 senior unsecured ratings. The rating outlook was changed to negative from positive. Ratings Rationale “The […]
Ecopetrol Announces Results for 1Q:16
(By Ecopetrol S.A. 3.May.2016) – Ecopetrol S.A. announced Ecopetrol Group’s financial results for the first quarter of 2016, prepared and filed in Colombian pesos (COP$) […]
Ecopetrol Adjusts its 2016 Investment Plan
(Ecopetrol S.A., 27.Apr.2016) – Ecopetrol S.A. announced that in light of the current low crude oil price environment, and with the aim of protecting the […]
Ecopetrol Oks Creation of New Subsidiary
(Ecopetrol S.A., 19.Aug.2015) – The Board of Directors of Ecopetrol S.A., in its meeting held on 14.Aug.2015, authorized the creation of a Colombian company indirectly […]
Ecopetrol Extraordinary Shareholder’s Meeting
(Ecopetrol S.A., 14.Aug.2015) – Due to the resignation of Mr. Gonzalo Restrepo Lopez and the election of his replacement, the CEO of Ecopetrol S.A. hereby […]