Ecopetrol S.A.
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Transactions
Ecopetrol Subsidiary Buys Chevron’s 43% Stake In Two Caribbean Gas Fields
Ecopetrol Subsidiary Buys Chevron’s 43% Stake In Two Caribbean Gas Fields
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
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New Financings
Commenced a bond offering in three separate tranches bearing interest rates of 4.250% due 2018, 875% due…
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News
Ecopetrol, Occidental Permian JV Generating Positive Results
Ecopetrol SA's joint venture with Occidental Petroleum in the Permian continues to generate outstanding operational and financial results for the Colombian state-owned energy giant.
Ecopetrol Set to Drill Orca Norte 1 Offshore Well
Colombia’s Ecopetrol S.A. is preparing to drill the Orca Norte-1 delimiting well in the fourth quarter 2023 to verify the resource potential of the company’s December 2014 discovery.
Ecopetrol’s Permian JV Production Leads in Absolute Growth
Colombia’s state-owned Ecopetrol SA reported a 61% drop in net income in the second quarter 2023 compared to the second quarter 2022 amid lower commodity prices, while in the Permian its operations lead the company’s production increases in absolute terms.
Ecopetrol Says Permian ‘Strategic’ to Its Portfolio
Colombia state energy giant Ecopetrol, partnered in the Permian Basin with Occidental Petroleum, continues to view its U.S. shale assets as ‘strategic’ within its portfolio.
Ecopetrol Names Alberto Consuegra as Interim CEO
Colombia state energy giant Ecopetrol has appointed COO Alberto Consuegra Granger as interim CEO, effective April 1, to replace Felipe Bayón Pardo who steps down on March 31.
Ecopetrol Eyes Double-digit Permian Production Growth in 2023
Colombia’s state oil company Ecopetrol looks to report another year of double-digit production in the Permian, where it has joint operations with Occidental Petroleum.
Colombia Oil Output Down by 49,500 bbl/d on Roadblock, Companies Say
A roadblock between Puetro Gaitan and Rubiales is preventing Colombian fuel from reaching oil operations, negatively impacting over 5,332 oil workers and their families.
Ecopetrol Aims to Strengthen Low-Carbon Business
The Colombian company is also evaluating wind energy potential as it grows hydrogen and gas production.
Colombia's Ecopetrol to Invest up to $6.2 Billion in 2023
"Ecopetrol's operational and commercial figures in 2022 show an outstanding performance, which supports historical financial results," Ecopetrol's Felipe Bayon said in a statement.
Ecopetrol Eyes Suspension of Fracking Pilots with Exxon Mobil, Higher Output Next Year
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.
Permian Takeover: Multinationals in the Permian Basin
Companies with global influence and interests control more than half the acreage in the Permian Basin. Here is a rundown of the major player’s operations in the Permian including acreage, production and near-term plans.
Exclusive Q&A: Oxy’s Hollub Pleased with Permian Basin JV
Occidental Petroleum’s President and CEO Vicki Hollub talked briefly with Hart Energy about her company’s JV in the Permian Basin with Colombia’s NOC Ecopetrol, which she said benefits both companies.
Ecopetrol Committed to Long-term $2.5 Billion Hydrogen Strategy
The decarbonization plan of Ecopetrol, Colombia’s largest oil and gas producer, includes a commitment to produce 1 million tonnes per annum of green, blue and white hydrogen by 2040.
Occidental Petroleum Extends Permian Basin JV through 2025
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
Ecopetrol, Petrobras Report Deepwater Gas Find Offshore Colombia
The deepwater gas discovery reported by Ecopetrol and Petrobras offshore Colombia confirms the importance of the Caribbean region and increases the possibility for developing a new E&P frontier off northern South America.