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Multinational Executive Captured For Spying For & Funding ELN Terrorist Group In Colombia

In “Operation Poena,” conducted jointly between Colombia’s National Police, Argentina’s Federal Police and Interpol, 74 year old Argentine executive Roberto Jorge Rigoni was captured in Campana, Argentina, 90 kilometers outside of Buenos Aires. According...
Posted On May 24, 2019
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Gathering Clouds: Fitch Ratings Just Revised Colombia’s Credit Rating Outlook To Negative From Stable

Fitch Ratings has announced today that it has affirmed Colombia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ and revised the Rating Outlook to Negative from Stable. Colombia’s Negative Outlook reflects risks to fiscal consolidation and...
Posted On May 23, 2019
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Important Pre-Colombian Archaeological Find Uncovered During Oil Pipeline Construction in Colombia’s Main Coffee Growing Region

Colombian petroleum producer Ecopetrol and its petroleum logistics subsidiary Cenit have just announced the unearthing of a trove of archaeological artifacts, considered one of the largest finds of its kind in the Colombia’s “Eje Cafetero” coffee region, while constructing the...
Posted On March 21, 2019
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Ecopetrol Promotes José Cotello to President of Brazilian Subsidiary

Colombian petroleum producer Ecopetrol S.A. has announced that José Cotello, who had been serving as Regional Vice President Orinoquía (VRO) since 2015, was appointed as President of the Ecopetrol subsidiary in Brazil and will assume his new functions as of April 1, 2019. The...
Posted On March 19, 2019
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures 10% Interest in Saturno Block in Brazilian Santos Basin

Shell, the operator of the exploration plan, and Chevron both hold a 45% interest in the block. With the deal, Ecopetrol now holds the remaining 10% stake.
Posted On December 21, 2018
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Felipe Bayón (second from the right) signed the contract today in Brasila. (Photo credit: Ecopetrol)
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Ecopetrol Formalizes Joint-Exploration Contract of Brazilian Santos Basin

BP will be the operator of the exploration and has a 50% holding in the block. CNOOC has a 30% interest, with Ecopetrol having rights to 20%.
Posted On December 17, 2018
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Ecopetrol Reficar Coking
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Fitch Ratings Raises Ecopetrol Credit Rating to BBB

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.
Posted On December 8, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Reports Big Jump with Profits of $866 Million in the Third Quarter Amid Surging Oil Prices

"We were able to capture the profit coming from the higher international oil prices," said Ecopetrol CEO Felipe Bayón.
Posted On November 10, 2018
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(Photo credit: kuanish-sar / Pixabay)
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In Response to Air Quality Concerns, Ecopetrol Has Reduced Sulfur Content of Diesel Fuel Closer to U.S. Levels

The diesel Ecopetrol distributed across Colombia in September had an average of 17 parts per million, just north of the 15 ppm limit mandated in the United States.
Posted On October 14, 2018
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President Felipe Bayón (left) and USO President César Loza (right) finalized the labor agreement at the Ministry of Labor in Bogotá today alongside Minister of Labor Alicia Arango. (Photo credit: Ecopetrol)
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Ecopetrol Finalizes Labor Deal with USO Petroleum Workers Union Through 2022

To formalize an agreement announced last week, the heads of Ecopetrol and USO sat down yesterday to sign the deal.
Posted On September 29, 2018
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