Tag: Ecopetrol

RIO DE JANEIRO, BRAZIL - The Colombian state-owned oil company Ecopetrol warned on Wednesday, May 26, of the risk of fuel shortages due to blockades on the access roads to the Barrancabermeja refinery, the main refinery in the country,...
RIO DE JANEIRO, BRAZIL - ExxonMobil Corp has submitted a proposal to carry out a pilot project for hydraulic fracturing - or fracking - in Colombia, the oil company and the Andean country’s national hydrocarbons agency (ANH) said on...
RIO DE JANEIRO, BRAZIL - Colombia’s majority state-owned energy company Ecopetrol could issue up to US$2.5 billion in shares to help finance its potential purchase of a majority stake in electricity and infrastructure conglomerate ISA, chief executive Felipe Bayon...
RIO DE JANEIRO, BRAZIL - Colombia’s majority state-run oil company, Ecopetrol, on Tuesday reported its 2020 net profit fell 87.3% to 1.69 trillion pesos (US$470.1 million) versus the previous year. The company’s fourth-quarter net profit fell to 675 billion pesos,...
RIO DE JANEIRO, BRAZIL - 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 for the government's stake in Isa, equivalent to...
RIO DE JANEIRO, BRAZIL - State-owned oil producer Empresa Colombiana de Petróleos (Ecopetrol) has said that it will build six solar parks across Colombia's Meta, Huila, Antioquia and Bolívar regions. CEO Felipe Bayón said that the new projects will be...
RIO DE JANEIRO, BRAZIL - Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday, January 22nd, after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, said. The attack...
RIO DE JANEIRO, BRAZIL - Royal Dutch Shell has acquired a 50% operating stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off the Colombian Caribbean coast, from Colombia's state-owned oil company, Ecopetrol. Shell’s involvement...
RIO DE JANEIRO, BRAZIL - A measure of the pandemic's impact is that Colombia's output in 2020 is averaging 100,000 b/d less than it was in 2019. A small fraction of that decline was anticipated prior to the pandemic,...



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