Ecopetrol Company News

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Analysis Shows Oil and Gas Execs Using More Environmental Buzzwords
The world's biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.
8:00 PM EST | July 19, 2021
Official Sees Rigs Mobilizing Offshore Colombia in 2022
Offshore exploration offers hope to a country struggling to reverse declines in reserves and output of its biggest export.
8:00 PM EST | June 30, 2021
NOC Spending Plans Clash with Paris Accord Targets
A US-based think-tank contends that billions in NOC projects will only be profitable if emissions targets are missed.
7:00 PM EST | February 08, 2021
Ecopetrol Awards Five-year Offshore Contract
Ecopetrol has contracted Doris Inc. as its consulting engineering company for offshore oil and gas development.
8:00 PM EST | July 13, 2020
Ecopetrol, Shell Team Up in Deepwater JV
Shell plans to drill an appraisal well in the area by the end of 2021.
7:00 PM EST | February 09, 2020
Oxy Forms Permian JV with Ecopetrol
Occidental has closed its previously announced Permian Basin joint venture with Colombia-based Ecopetrol S.A.
7:00 PM EST | November 12, 2019
Fracking Could Revive Colombia's Oil and Gas Game
Fracking could give Colombia's oil industry a new lease on life.
7:00 PM EST | November 06, 2019
The Top 10 Ideal NOC Employers
Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!
8:00 PM EST | August 28, 2019
Oxy and Ecopetrol Pair Up in the Permian
Occidental will operate the 51/49 JV with Ecopetrol.
8:00 PM EST | July 31, 2019
Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.
8:00 PM EST | March 20, 2019
Colombia's Transandino Oil Pipeline Bombed
A portion of Colombia's Transandino crude oil pipeline was bombed, causing a fire.
7:00 PM EST | March 06, 2019
US Sanctions on Venezuela are Helping Colombian Oil
U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports.
7:00 PM EST | February 26, 2019
Union Strike Halts Rigs At Ecopetrol Oilfield, Production Unaffected
A 24-hour strike has stopped oil rigs and affected well maintenance at Ecopetrol's La Cira-Infantas oilfield, Ecopetrol and the USO union say.
8:00 PM EST | September 05, 2018
CEO: Ecopetrol To Focus Spending On Drilling For Rest Of Year
Ecopetrol will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its CEO says.
8:00 PM EST | August 23, 2018
Colombia's Ecopetrol Cuts Planned 2018 Spending To $3-3.5B
Ecopetrol says it will invest $3 billion to $3.5 billion during 2018.
8:00 PM EST | August 14, 2018
Colombia's Transandino Pipeline Halted After Bomb Attack
Colombia's southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on Sunday.
8:00 PM EST | April 22, 2018
US FERC Allows ETP Rover Natgas Pipe to Recommence Ohio Drill
Energy Transfer is working to complete its Rover natural gas pipeline by the end of the first quarter.
7:00 PM EST | February 05, 2018
Colombia's Ecopetrol Names New CEO, Echeverry Resigns
Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.
8:00 PM EST | August 16, 2017
Colombia's Ecopetrol Rubiales Oil Output Hit By Protests
Ecopetrol has suspended production at some wells in the nation's largest oil field after demonstrators seized the facility.
8:00 PM EST | June 26, 2017
Rebel Bomb Attack Halts Colombia's Cano Limon Crude Pipeline
A bomb attack over the weekend by the Marxist ELN rebels has halted the flow of crude along Colombia's Cano-Limon Covenas pipeline, sources say.
8:00 PM EST | June 21, 2017
Colombia's Ecopetrol Output Falls at Big Oil Field amid Protests
Colombia's state oil company Ecopetrol said it reduced output in one of its key production areas due to protests by residents who reject changes to the company's hiring policy for local labor.
8:00 PM EST | May 14, 2017
Colombia's Ecopetrol Restarts Cano-Limon Oil Pipeline After Attacks
Ecopetrol has restarted the country's second-largest oil pipeline, the Cano-Limon Covenas, after a series of bomb attacks halted movement of crude for seven weeks.
8:00 PM EST | April 04, 2017
Colombia's Ecopetrol To Invest $13B Through 2020
Colombia's state-run oil company Ecopetrol will invest $13 billion over the duration of its 2017-2020 investment plan, the company says.
8:00 PM EST | September 29, 2016
Ecopetrol To Up Exploration, Open 80 New Wells During Rest Of 2016
Ecopetrol will intensify exploration and the drilling of new wells through the rest of this year, Chief Executive Juan Carlos Echeverry says.
8:00 PM EST | August 16, 2016
Colombia's Ecopetrol to Open New Wells in Rubiales, Keep Output Steady
Colombia's state-owned oil company Ecopetrol will drill hundreds of new wells in the Rubiales oilfield in a bid to keep the area's output at 135,000 barrels per day, the company's president says.
8:00 PM EST | June 30, 2016
Ecopetrol Takes Full Control of Rubiales Field, Output to Rise 60,000 Bpd
Colombia's Ecopetrol says it will take over full operations on Friday at the Rubiales oilfield, the country's largest, in a move set to increase the state-run oil company's overall output by 60,000 barrels a day.
8:00 PM EST | June 29, 2016
Colombia's Ecopetrol Offers 20 Blocks in Auction Launch
Colombia's state oil company Ecopetrol offers 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices.
8:00 PM EST | June 22, 2016
Moody's: LatAm Oil Companies Need Over $55/Bbl To Break Even
Latin American national oil companies need crude prices to surpass $55 per barrel to break even, a level that would allow them to invest capital enough to start reverting declining output, according to credit rating firm Moody's Corp.
8:00 PM EST | June 13, 2016
Pacific Exploration, Catalyst Capital Negotiate Restructuring
Board of oil and gas producer Pacific Exploration & Production agrees to negotiate a financial restructuring involving private-equity fund Catalyst Capital Group.
8:00 PM EST | April 13, 2016
Colombia's Cano Limon Pipeline Suspended After Rebel Attacks
Two rebel bomb attacks halt pumping operations along Colombia's second most important oil pipeline, the Cano-Limon Covenas, according to the state oil company Ecopetrol.
8:00 PM EST | March 13, 2016
From Champs To Chumps: Latin America Oil Giants Owe $275B
The Latin American state-run oil companies whose largesse filled government coffers during the crude boom are quickly becoming dangerous liabilities as soaring debt levels spook investors.
7:00 PM EST | March 10, 2016
Colombia's Ecopetrol Reports $1.26B Loss in 2015
Ecopetrol reports a loss of $1.26 billion during 2015, due to the global plunge in oil prices, rebel attacks and new accounting standards.
7:00 PM EST | March 05, 2016
Colombia's Ecopetrol Says Reserves Down 11% in 2015 to 1.85B Barrels
Ecopetrol's proven oil and gas reserves were down 11% in 2015 to 1.85 billion barrels equivalent due to a decline in exploration caused by low crude prices.
7:00 PM EST | February 29, 2016
CERAWeek: Ecopetrol To Sell Assets, Cut Staff Amid Low Oil Prices
Ecopetrol is selling some non-oil related assets, expecting to collect $1.4B at the end of 2017, and cutting 10% of staff as part of a cost reduction plan due to low oil prices.
7:00 PM EST | February 22, 2016
As Oil Suffers, Colombia Eyes Tough Time for Bond Offer
Colombia prepares to tap bond markets as slide in crude prices dents fiscal accounts threaten the oil exporting nation's credit standing.
7:00 PM EST | February 03, 2016
Colombia's Ecopetrol To Explore In Four Gulf Of Mexico Blocks
The US affiliate of Colombian state-run oil company Ecopetrol will explore for oil in four blocks in the Gulf of Mexico, the company said in a statement.
7:00 PM EST | November 22, 2015
Tough Contract Rescission Clauses Could Blunt Mexican Oil Opening
Mexico's historic oil opening later this month could be undermined by company fears the government will have too much discretionary power to repeal contracts over industrial accidents and other failings.
8:00 PM EST | July 01, 2015
Ecopetrol CEO Expects 2015 Profits To Fall By Half
Ecopetrol will likely see profits halve this year over last, CEO Juan Carlos Echeverry said, due to a plunge in oil prices.
8:00 PM EST | May 18, 2015
Big Profit Margins Can't Save Ecopetrol as Drilling Fizzles
Ecopetrol shares have slumped 54% in dollar terms in the past year, the worst rout among producers in the BI Global Integrated Oils Valuation Peers Index, according to data compiled by Bloomberg.
8:00 PM EST | May 04, 2015
Colombia's Ecopetrol To Focus On Offshore Exploration, Key Fields
Ecopetrol will cope with falling oil prices by bolstering exploration offshore, as well as focusing on production of high-yield wells, the company's new president Juan Carlos Echeverry says.
8:00 PM EST | April 06, 2015
Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Pacific Rubiales to replace the future loss of nearly half its production.
8:00 PM EST | March 15, 2015
Colombia's Ecopetrol Says It Can Keep Oil Flowing If Strike Starts
Ecopetrol has prepared a contingency workforce to maintain output should strike action by the main oil sector union go ahead, a senior official says.
8:00 PM EST | March 08, 2015
Colombia's Ecopetrol Board Says To Replace CEO Gutierrez
Ecopetrol will replace CEO Javier Gutierrez after 8 years as it seeks to shift strategy after falling far short of production goals and seeing its stock plummet.
7:00 PM EST | December 11, 2014
Petrobras Finds Gas at Orca-1 Well in Colombia's Offshore Tayrona Block
Petrobras makes gas discovery at Orca-1 exploratory well in Tayrona Block offshore Colombia.
7:00 PM EST | December 02, 2014
Colombia's Ecopetrol Buys Stake In Angolan Blocks
Ecopetrol buys a 10% stake in two blocks off the coast of Angola as part of an effort to diversify its portfolio.
8:00 PM EST | July 02, 2014
Colombia's Ecopetrol To Sell Half Stake In Capachos Block To Parex
Ecopetrol reaches a deal to sell a 50% stake in its Capachos oil block to Parex Resources.
8:00 PM EST | May 12, 2014
Ecopetrol 1Q Profit Falls 3.6% On Lower Output
Ecopetrol says net profit falls 3.6% as crude oil production declines.
8:00 PM EST | April 29, 2014
Colombia's Ecopetrol Seeks 63% Production Rise By 2020
Ecopetrol says it will spend as much as $75 billion by 2020 to lift oil and gas production to 1.3 million barrels of oil equivalent per day.
7:00 PM EST | November 07, 2013
Brazil Gears Up for Big Oil Auction Amid Heavy Security
Brazil gears sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.
8:00 PM EST | October 20, 2013
Ecopetrol Discovers Hydrocarbons in CPO-10 Block in Colombia
Colombia's state-owned oil producer Ecopetrol finds hydrocarbons in the third of three oil wells it has drilled in the onshore CPO-10 block located in the centrally-located department of Meta.
8:00 PM EST | August 20, 2013