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Colombia's President Gustavo Petro has taken a definitive anti-petroleum stance, and has appointed his former campaign manager as Ecopetrol's CEO.

Before being appointed CEO of Ecopetrol, Ricardo Roa ran Colombian President Gustavo Petro's political campaign.

The Komodo-1 well will reach 3,900 meters or almost 2.5 miles under the Caribbean Sea.

Frontera's $2.8 million net loss is an improvement over its $8.5 million net loss in Q1.

Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.

Organized by Vostock Capital July 24th and 25th, 2024 in Bogotá, Colombia

Along with an average reserve life of 7.6 years, Ecopetrol reported net profit of 19.1 trillion Colombian pesos.

Analysts say the reduction is due to the decrease in imports of corn, wheat, and other agricultural products