BOGOTÁ, Colombia , Jan. 30, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), submitted today the Report on the Implementation of Best Corporate Practices – "Código País" - to the Financial Superintendency of Colombia. The report describes the corporate governance practices adopted and implemented by the company between January 1, 2024 and December 31, 2024. The Código Pais Survey was digitally signed by the Legal Representative. For more information, please consult the report at the following ...

BOGOTA, Colombia, Jan. 16, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, Refinería de Cartagena S.A.S. ("Reficar") was notified of the decision issued by the Court of the Southern District of New York, by which: It denies the request presented by Chicago Bridge & Iron Company N.V., CB&I UK Limited to vacate the arbitration award dated June 2, 2023, reported herein on June 7, 2023, in relation to the EPC Contract (Engineering, Procurement, and Construction Contract) executed be ...

BOGOTA, Colombia, Jan. 16, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company", and Ecopetrol and its subsidiaries, the "Ecopetrol Group") informs that the following changes will be made in its senior management: Walter Fabián Canova, who has been serving as Vice President of Refining and Industrial Processes, will perform his duties until January 15, 2025 and will terminate his employment contract by mutual agreement, after working at the Company for more than seve ...

BOGOTA, Colombia , Dec. 16, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that Germán González Reyes, who has been serving as Secretary General since September 29, 2023 (as announced on that date) and Acting Director of Institutional Relations and Communications since June 28, 2024 (as announced on that date), will perform his duties until January 17, 2025. Ecopetrol thanks Germán González for his seven years of service, his valuable management, and the contributio ...

Group 1: Core Insights - Ecopetrol S.A. plans to construct a new green hydrogen plant in Cartagena, expected to produce 800 tons of green hydrogen annually, making it the largest renewable energy plant in Latin America [1][4] - The Colombian government, under President Gustavo Petro, aims to reduce fossil fuel dependence, with Ecopetrol playing a crucial role in this transition to cleaner energy sources [2][4] - The green hydrogen will be integrated into the Cartagena refinery for hydrotreating fuels, potentially reducing carbon emissions by up to 7,700 tons, equivalent to emissions from approximately 1,650 vehicles annually [3][4] Group 2: Financial Implications - The green hydrogen production is projected to contribute between $400 million and $485 million to Ecopetrol's EBITDA annually by 2040, diversifying revenue streams while focusing on emission reductions [5] - The cost-effective production of low-emission hydrogen is supported by advanced technologies and the establishment of a solar farm at the Cartagena refinery [5] Group 3: Market Position - Ecopetrol currently holds a Zacks Rank of 3 (Hold), indicating a stable market position [6] - Other energy sector companies with better rankings include Smart Sand, Inc. (Rank 2), FuelCell Energy (Rank 2), and Nine Energy Service (Rank 2), suggesting competitive dynamics in the clean energy space [6]

BOGOTA, Colombia, Nov. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025 for an amount between 24 and 28 trillion pesos1, in line with the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and is expected to have the following implications: Approximatey 20.3 trillion pesos are expected to be allocated in 2025, ...

My view of Ecopetrol (NYSE: EC ) (TSX: ECP:CA ) started pessimistic and turned optimistic over time. Today, I am investigating the company for the third time, and I am again somewhat less confident than in the last article. Still, at theMy focus is on a total return style with long and short positions (10-30% short positions). My main expertise is the current technological and geopolitical shift with the amazing investment opportunities they offer. Therefore, I always try to find stocks or whole sectors wit ...

BOGOTA, Colombia, Nov. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") informs that today it completed the redemption of the aggregate principal amount outstanding of its 5.375% notes due 2026, which were originally issued in 2015. The repurchase price of this bond was USD 1,007.63 for each USD 1,000 of principal outstanding, amounting to USD 450,579,892 for the aggregate principal amount outstanding, plus accrued interest up to the date.With this early payment, the aggreg ...

BOGOTA, Colombia, Nov. 20, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") reports that it has published its fourth TCFD report covering developments from 2023 and the first half of 2024. The report highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.Consistent with international best practices, Ecopetrol has published this fourth report following the recommendat ...

OPUVIZ™ is one of the first wave aflibercept biosimilars in EuropeOPUVIZ is the second European Commission (EC)-approved ophthalmology biosimilar under Samsung Bioepis and Biogen’s partnershipEC approval based on robust totality of evidence confirming biosimilarity to reference aflibercept in terms of quality, efficacy, and safety INCHEON, South Korea and CAMBRIDGE, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Samsung Bioepis Co., Ltd. and Biogen Inc. (Nasdaq: BIIB) today announced that the European Commission ...