Finance Colombia » Felipe Bayón

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

Shell & Ecopetrol Sign Deal To Develop Offshore Colombian Gas

Colombia’s state controlled petroleum producer Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) and Shell (AMS: RDSA, NYSE: RDS.A) through Shell subsidiary Shell EP Offshore Ventures Limited, signed a deal which will see Shell acquire a 50% stake in the Fuerte Sur, Purple Angel and...

Posted On February 8, 2020

, By Loren Moss

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Ecopetrol Purchases 21.43% Share Of Gulf of Mexico Deepwater Block From Chevron

Colombian state-controlled petroleum producer Ecopetrol’s (NYSE: EC, BVC: ECO) US subsidiary Ecopetrol America has reached an agreement with US petroleum supergiant Chevron Texaco (NYSE:CVX) to buy into the Mississippi Canyon Block 726 oil field located in US waters in the Gulf...

Posted On November 10, 2019

, By Loren Moss

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

, By Jared Wade

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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

, By Jared Wade

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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

, By Jared Wade

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

, By Jared Wade

Oil rig (Photo credit: Catmoz / Pixabay)

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Ecopetrol Wins Joint Bid to Explore Pau-Brasil Oil Block in Vast Santos Basin off Brazilian Coast

Colombian state-controlled oil company Ecopetrol (NYSE: EC) (BVC: ECOPETROL) was among the exploration block winners today at an auction in Brazil and now holds the rights to a portion of the oil extracted from the Santos basin off the coast of South America’s largest...

Posted On September 28, 2018

, By Jared Wade

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Benefitting from High Oil Prices, Ecopetrol Reports Significant Increases in Earnings and Revenue in First Half of 2018

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.

Posted On August 16, 2018

, By Jared Wade

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