(Reuters, Jessica Resnick-Ault, 25.Sep.2019) — Colombia’s state-run oil company Ecopetrol will be ready to start fracking pilot projects in the second half of 2020, chief executive Felipe Bayon said on Wednesday, as oil companies await federal regulatory guidelines for the projects. The pilots are part of the Andean country’s efforts […]
Tag: Felipe Bayon
Ecopetrol Group Announces Second Quarter 2019 Results
(Ecopetrol 12.Aug.2019) — Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the second quarter of 2019, prepared in accordance with International Financial Reporting Standards applicable in Colombia. In words of Felipe BayĂłn Pardo, CEO of Ecopetrol: “In the first half of 2019 the Ecopetrol Group reported a net profit […]
Ecopetrol Call To Discuss Oxy Midland Basin Deal
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announces that on August 1st, Ecopetrol’s senior management will host two conference calls to review the joint venture with Occidental Petroleum Corporation to develop Occidental’s Midland Basin properties in the Permian Basin. Please find below the timing, dial-in and links to access the conferences: Spanish […]
Ecopetrol and Occidental Form Strategic Midland JV
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announced formation of a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin. The JV enables Ecopetrol to book ~160 MMboe of proved undeveloped reserves at transaction closing and provides access to one of […]
Heard On The Street Colombia: Fracking, Budget Price, Shale, Gas Supply
(Energy Analytics Institute, Aaron Simonsky, 9.Jun.2019) — Heard on the street related to the Colombian upstream, midstream, downstream and renewable energies sectors. — Colombia’s state oil company Ecopetrol plans to spend $500 million between 2019-2021 on an unconventional project that includes drilling 20 wells to gauge community interest and potential […]
LatAmNRG Colombia Briefs: Caño Limón-Coveña Pipeline, Ecopetrol Data Room
(Energy Analytics Institute, Piero Stewart, 27.May.2019) — Heard on the street and LatAmNRG briefs related to another oil spill along the Caño LimĂłn-Coveña pipeline and this time in La Gloria in the Department of Cesar, Colombia needing to advance existing and new gas exploration projects, and state oil and gas […]
Colombia’s Ecopetrol Says Exports To U.S. Up On Venezuela, Higher Output
(Reuters, 22.May.2019) — Colombia’s state-run oil company Ecopetrol said on Wednesday its crude exports to the United States rose nearly 25% in the first quarter because of lower supply from neighboring Venezuela and higher production. The 4-week average for crude imports from Colombia have surged to near the highest levels […]
Colombia’s Ecopetrol Reports Strong 1Q:19 Results, EBITDA Margin Of 46.1%
(Ecopetrol, 6.May.2019) — Ecopetrol S.A. announced today the Ecopetrol Group’s financial results for the first quarter of 2019, prepared in accordance with International Financial Reporting Standards applicable in Colombia. The figures included in this report are not audited. The financial information is expressed in billions of Colombian pesos (COP) or […]
LatAmNRG Colombia Briefs: OTA Pipeline Attack, Orca-1 Well
(Energy Analytics Institute, Piero Stewart, 12.Apr.2019) — Heard on the street and LatAmNRG briefs related to a new attack on the OTA pipeline, the Orca-1 well expected online in 2026, and Ecopetrol’s plans to expand its renewables portfolio to 181 megawatts. Ecopetrol Reports New Attack On OTA Pipeline (Energy Analytics […]
Ecopetrol President Says Colombia Gas Potential Between 14-64 Tcf
(Energy Analytics Institute, Piero Stewart, 10.Apr.2019) — Colombia’s natural gas potential — including onshore, offshore and non-conventional resources — is between 14 and 64 trillion cubic feet (Tcf), Ecopetrol President Felipe BayĂłn said on 10 April in an official company statement. Colombia’s potential gas resources are distributed as such: — […]
Ecopetrol Profit Nearly Triples On Oil Price Boost
(Reuters, Julia Symmes Cobb, 31.Oct.2018) — Ecopetrol, Colombia’s state-run oil company, said on Wednesday its third-quarter net profit rose to 2.77 trillion pesos ($866.5 million), up 177 percent from the same period last year, thanks to higher global crude prices and increased output. The company plans to invest between $3 […]
Colombia’s Ecopetrol Advances With Fracking Plans, Seeks License
(Energy Analytics Institute, Piero Stewart, 30.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license over an area where it plans to begin a pilot project to explore crude oil in unconventional deposits with the hydraulic stimulation technique known as fracking. If a permit from Colombia’s National Environmental […]
Ecopetrol to Focus Spending on Drilling: CEO
(Reuters, Devika Krishna Kumar, 24.Aug.2018) — Colombia’s state-run oil company Ecopetrol SA will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its chief executive said on Friday. Spending delays earlier this year will make it harder for the company to achieve its […]
Ecopetrol Cuts Planned 2018 Spending To $3-$3.5 Bln
(Reuters, Nelson Bocanegra & Julia Symmes Cobb, 15.Aug.2018) – Colombia’s state-run oil company Ecopetrol said it will invest $3 billion to $3.5 billion during 2018, less than previously estimated, because of spending delays and protests which closed three fields during the first quarter. Ecopetrol originally planned to invest $3.5 billion […]