Finance Colombia » ecopetrol

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted On September 1, 2020

, By Loren Moss

Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Finance Colombia readers are invited to attend a virtual tour around the production site of Ecopetrol’s Cartagena Refinery within the Online Business Congress and one-on-one Meetings during the “Colombia Oil and Gas 2020” congress July 22-24.

Posted On June 11, 2020

, By Loren Moss

Ecopetrol Barrancabermeja Oil Spill Santander 2

Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de...

Posted On June 8, 2020

, By Loren Moss

Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.

Posted On June 8, 2020

, By Loren Moss

Colombia Oil & Gas 2020 To Be Held Online July 22-24

The 2nd Online Business Congress and One-on-One meetings event “Colombia Oil And Gas 2020” is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil and Gas...

Posted On May 25, 2020

, By Loren Moss

Ecopetrol oil and gas company headquarters in Bogotá, Colombia

Ecopetrol Announces Q1 2020 Results

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced last week the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. Table 1: Financial Summary of Income...

Posted On May 25, 2020

, By Loren Moss

Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...

Posted On May 5, 2020

, By Loren Moss

ecopetrol colombia fitch ratings bogota juan carlos echeverry

Fitch Downgrades Ecopetrol, Ocensa, Candelaria; Sura, Emgesa, UNE EPM, Isagen, GEB, TGI Stay Strong

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...

Posted On April 8, 2020

, By Loren Moss

Sergio Guzmán: Coronavirus Pandemic Threatens Systemic Disruption To Colombian Society, Politics

Colombia is in the middle of a national curfew as part of the country’s effort to contain the spread of the Coronavirus COVID-19 Pandemic. With certain exceptions, no one is to leave their homes until April 13, the day after Easter. As is the case around the world, the economic...

Posted On March 31, 2020

, By Loren Moss