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Colombia's new government pushes ahead with its Ecopetrol shake-up, swapping five vice presidents weeks after Ricardo Roa's exit.

Ecopetrol's Q1 EBITDA rose despite an 8.7% revenue drop — governance crisis and a $3.3B tax dispute loom over Colombia's state oil giant.

Ecopetrol faces a $30 billion USD debt and a looming national strike as the labor union demands the removal of President Ricardo Roa.

The oil and gas workers union called for the removal of Ecopetrol’s president following formal influence-peddling charges filed by Colombia’s Attorney.

The parties also agreed to allocate resources for social investment projects and energy transition forums.

Colombia’s largest company, state controlled Ecopetrol released video showing the unauthorized entry of USO (Union Sindical Obrera de la Industria del Petrolero) activists last Tuesday at the oil producer’s Pozos Colorados facility, on the Atlantic coast, south of...