Brazil's Petrobras could include Colombia gas project into 2027-2031 plan.
Petrobras, Brazil's state oil company, may include the Sirius offshore gas project in Colombia as part of its production curve that will be revealed later this year in the 2027-2031 Business Plan. She said that Petrobras had'made progress towards obtaining the licence,' but still needed to 'conclude consultations with local community members. It is the operator of the project, with a 44.4% share along with Colombian Ecopetrol. Anjos stated that the project envisages the construction of a pipeline to transport gas directly from the seabed to the coast, without the use of a platform.
Ecopetrol's Colombia Pacific regasification facility faces a delay in startup
The director of the project said that Colombia's Pacific Regasification Plant contracted by the'state energy company Ecopetrol' has delayed its start-up 'by between 22 and 30 days' to November 1 due to transportation disruptions caused by an earthquake. Mauricio Gómez stated that while the plant was not damaged by the 7.4 magnitude quake, the damage to the port and local roads prevented the unloading of imported machinery. It was necessary to divert the equipment and have it unloaded instead in Peru and Panama, which added to?the delays. Gomez said that the management of the plant is in negotiations with Ecopetrol, to declare force majeure so as to avoid penalties.
Ecopetrol, Colombia's petroleum company, says a cyberattack has stolen data relating to 3,300 accounts
The?energy company?Ecopetrol, controlled by the state of Colombia, said that a cyberattack had resulted in a theft of data from about 3,300 accounts. It added that it couldn't "guarantee the breach wouldn't have a "materially adverse" financial effect. However, the company said that it did not identify any disruptions to its production, operations or financial impacts as of Friday. Ecopetrol, Colombia's biggest company and one of Latin America's largest energy producers, accounts for more than 60% the country's hydrocarbon output. Ecopetrol stated that the hacker was not identified, but had made extortion requests to the company.
Peso softens in Colombia as a right-wing lawyer is set to become the next president
Colombian stocks rose sharply on Monday, after the right-wing lawyer Abelardo De La Espriella narrowly won the Sunday presidential election. However, both the peso and international bonds were softening in early trading. De La Espriella was a political outsider who led leftist Senator Ivan Cepeda, by less than 1 percent, after running a campaign on promises to shrink the state's size, increase the tax base, reduce corporate taxes, and restart oil exploration. De La Espriella received 49.66%, while Cepeda was behind by about 250,000 votes, with 48.7%. This is according to the initial results from the national register. U.S.
Colombia's Ecopetrol signs final agreement with the main union
Ecopetrol, Colombia's state run oil company, has announced that it has signed a new collective bargaining agreement (CBA) with its main workers union (USO). The agreement reached with the union of oil workers will last six years, starting January 1, 2026. Ecopetrol has also signed 66 agreements with other labor unions. These include improved working conditions, enhanced benefits in health and education, and diversity and inclusion initiatives. The company did not provide any further information. Ecopetrol will?file and fomalize its agreement with the Ministry of Labor in the coming days. After that, it plans to hold a joint session with the union to clarify the terms.
The union at Colombia's Ecopetrol has launched a 24-hour strike in protest of labor negotiations
The Colombian state-owned oil company Ecopetrol's main union launched a 24-hour strike on?Tuesday, protesting what it called a deadlock? in negotiations for a new collective negotiating agreement. Martin Ravelo, USO union President, said that the stoppage began at 0500 local (1000 GMT) time. USO represents employees at Ecopetrol, Colombia’s largest company and one Latin America’s?largest producers of energy. Ravelo stated that the union represents 25,000 employees directly employed by Ecopetrol and its contractors. After 25 days of discussions, he said that there was no progress made on the demands of the union.
Colombia completes the exploratory phase for Ecopetrol's geothermal project
The Colombian environment ministry announced a decision on Wednesday to approve the environmental viability of an exploratory phase for the Nereidas geothermal project. This project is led by the state oil company Ecopetrol and the utility CHEC. This is Colombia's?first large-scale geothermal initiative. The Ministry said that it had granted a partial and conditional carving-out of a protected forest area outside national park, limited to exploration work, and subject to environmental safeguards, ecological restore and water-management requirements.
Ecopetrol's Q1 profit drops 7.7%
Ecopetrol, Colombia's state-owned oil producer, reported on Tuesday a 7.7% decline in net profit for the first three months of 2026 from a year ago. This was due to lower sales and exchange rate effects. Higher taxes also offset gains made by a strong refining performance. The company reported in a filing to Colombia's stock market that the net profit for the first quarter was?2.89 billion pesos ($768m) on total sales which also fell?8.7%, to 28.63 trillion. The company's shares, which are owned by 88.5% of the Colombian government, saw its total oil sales fall 5.5% to 903.4 barrels of oil equivalent each day.
Colombian authorities launch investigation into Ecopetrol's former campaign manager, Petro.
Ricardo Roa was informed formally of an investigation into alleged irregularities in the?reporting of expenses during his tenure as Gustavo Petro’s campaign manager. This information came from the Attorney General's Office on Monday. Roa left his post in December. The formal notification is a first step in the process before charges are brought. * Prosecutors claim that the campaign expenditures of President Gustavo Petro 2022 exceeded legal limits by 1,66 billion pesos (444,000 dollars). The Attorney General's Office said that the excess?spending included?hotel press conference, transportation, logistics and advertising, as well as union contributions.
Ecopetrol, Colombia's largest oil company, saw profits of up 3 trillion pesos during the first quarter.
Ecopetrol, the state-owned energy company in Colombia, estimates a first-quarter net profit between $563.1 and $844.7 millions (between 2 to 3 trillion?pesos). The state oil company is expected to generate between?27 trillion and?30 trillion pesos in revenue between January and March of this year. Ecopetrol has released an update on its website that estimates production for the first three months to have been between 715, 000 and 730,000 barrels per day. Ecopetrol did not give a change in percentage from its previous projections, but the new figures…
Ecopetrol's interim leader pledges to spend efficiently for stability
Interim Chief Executive Juan Carlos Hurtado, of Colombia's state-owned energy company Ecopetrol, said that the firm aims to increase its own sustainability by being efficient in spending, practicing capital discipline and reducing costs. Hurtado was appointed interim CEO of Ecopetrol on Monday after Ricardo Roa had been granted an extended leave and unpaid leave due to an investigation by Attorney General's Office into allegations of?influence-peddling. Roa's involvement in the funding of President Gustavo Petro 2022, a campaign he led, is also being investigated. He has denied any wrongdoing.
The CEO of Colombia's state oil company takes a leave of absence amid an investigation into influence peddling
Ecopetrol, the Colombian state energy company, announced on Monday that it had granted CEO Ricardo Roa a 'longer holiday and an unpaid leave of absence'. This was in response to an investigation conducted by the Attorney General’s Office into allegations of influence peddling. Ecopetrol said in a press release that its board has granted Roa a vacation from April 7 to May 27 and a 30-day leave of absence starting May 28. Ecopetrol's?head? is expected to resume his duties by the end of June after?the conclusion? of Colombia's presidential election. In August, the new president of Colombia will take office and likely appoint a new Ecopetrol Board.
Colombia: Venezuela's PDVSA intends to terminate pipeline contract with Ecopetrol
Edwin Palma, Colombia's Energy?Minister, said Venezuela's PDVSA state oil?company intends to terminate a contract with Colombia Ecopetrol?over?the Antonio Ricaurte?pipeline. He claimed that there was not enough?investment in its repair. Palma, in a Saturday post on X, said that the government planned to meet the U.S. Government on Monday to discuss the lifting of sanctions against Venezuela and normalizing commercial relationships. The announcement comes a day following a high level meeting between two countries held in Caracas. Officials discussed security, US sanction and energy cooperation including repairs of the pipeline.
Ecopetrol, Colombia's oil company, invests in higher oil prices and Venezuela deals
It said that if oil prices continue to rise due to the 'U.S./Israeli war against Iran,' it will review its investment plans in April. Ecopetrol has predicted that it will invest a higher amount than its range of 22 to 27 trillion pesos ($5.79-7.11billion) due to higher crude prices resulting from the conflict. Ecopetrol CEO Ricardo Roa stated in a phone call that he has again asked the U.S. Treasury Department’s Office of Foreign Assets Control to lift restrictions regarding negotiations with Venezuela as it sees potential for deals. Roa suggested that Venezuelan light crude oil or other products could be exchanged for the resources.
Ecopetrol's quarterly profit drops by 61%
Ecopetrol, Colombia's state-owned oil company, reported on Wednesday a 60.8% decline in profits for the fourth quarter compared to a year earlier. This was due to lower Brent crude oil prices, lower gas sales at home, and a weaker currency. The company reported in a filing with Colombia's stock exchange that the net profit for the third quarter was 1.53 trillion Colombian Pesos ($403 millions) on total sales which fell 17.2%, to?28.82 billion pesos. Ecopetrol's shares, which are owned by the Colombian Government to an 88.5%, saw its total oil and gas production drop by 0.1% compared to the same quarter in?2024, down at 729,200 barrels equivalent per day (boed).
Ecopetrol's Q4 profit drops by 58%
Ecopetrol, Colombia's state-owned oil producer, reported on Wednesday a 58% decline in profits for the fourth quarter compared to a year ago. This was due to lower Brent crude prices, lower gas sales in Colombia, and effects of a weaker currency. The company reported in a filing to Colombia's stock market that the net profit for the quarter was?801 billion Colombian Pesos ($211 millions) on total sales which?fell by 15.8%, to 17.17 trillion Colombian Pesos. Ecopetrol's 88.5%-owned shares saw a slight decline in production, with 729.200 barrels equivalent to oil per day, from the same quarter last year. The crude?output grew by 3% on an annual basis to 574,800 barrels a day.
Colombia's Ecopetrol will invest $6.3 billion by 2025 and drill five more wells
Ecopetrol ECO.CN, Colombia's state energy company, expects to invest $6.3 billion by 2025, which is 90% of the target. The company executives said in an interview with the Colombian press on Thursday that the company could end the year drilling five more exploratory wells. In an interview on Thursday, executives from the company said that they expect to execute $6.3 billion in investments in 2025, which is 90% of their target. They also added that it could close the year with five additional exploratory wells drilled. The company's production fell 0.4%, to 751,500 barrels equivalents per day, compared to the same period of 2024.
Ecopetrol and Petrobras announce joint-venture to market natural gas from Colombia’s Sirius Project
Ecopetrol, Colombia's energy company run by the state and Petrobras, Brazil's oil firm owned by the state, announced a partnership on Thursday for a joint marketing of natural gases from Colombia's Sirius Project. Ecopetrol owns 55.6% of the Sirius block, Petrobras holds the remaining 44.4%, and is the operator for the project. The project is estimated to have 6 billion cubic feet and an investment of $5 billion. It will begin operating between 2029 and 3030. Ecopetrol's President Ricardo Roa announced that the two companies had agreed to sell up to 249 millions cubic feet of natural gas per day over a six-year period.
Colombia wins offshore wind bid by CIP of Denmark
The head of Colombia's hydrocarbons agency announced on Thursday that a subsidiary from Denmark's Copenhagen Infrastructure Partners, CIP, had bid to develop a wind project for the first round of the South American nation's offshore energy auction. Orlando Velandia of Colombia's National Hydrocarbons Agency, ANH, said that CIP subsidiary CI GMF Cooperatief U.A. ANH did not immediately provide details of the offer. ANH did not immediately disclose details of the offer. Velandia, who spoke at a Cartagena forum, said that the participation of CIP…
The Colombian Sirius gas project is moving forward with consultations and nearing the contracting phase
Alcindo Moritz, Petrobras Colombia's chief, said that the project Sirius, which is being developed by Ecopetrol, a state oil company in Colombia, and Petrobras of Brazil, off its Caribbean coast, has nearly completed half of the consultations with communities who could be affected by it. In December, the companies announced that they had confirmed Colombia’s largest gas discovery ever while drilling a hole there. The South American country has limited reserves of gas and this project could reduce imports in order to meet the domestic demand. Initial consultations began at 116, but by September they had risen to 120.