Ecopetrol SA (EC.N) Key Developments | Reuters.com
Edition:
United States

Ecopetrol SA (EC.N)

EC.N on New York Stock Exchange

9.27USD
12:21pm EDT
Change (% chg)

$0.28 (+3.17%)
Prev Close
$8.98
Open
$9.24
Day's High
$9.31
Day's Low
$9.23
Volume
59,418
Avg. Vol
433,187
52-wk High
$13.34
52-wk Low
$5.17

Latest Key Developments (Source: Significant Developments)

Moody's says credit quality to remain weak for LatAm national oil companies
Monday, 13 Jun 2016 11:37am EDT 

Moody's: Moody's: credit quality to remain weak for Latin American national oil companies . Credit quality to remain weak for Latin American national oil companies through at least mid-2017, as they are hampered by weak liquidity . Asset sales, reduced operating spending through mid-2017 will lead to execution risks .Since no Latin American NOC has enough cash to cover negative free cash flow in the next few years, credit metrics will worsen for all.  Full Article

Ecopetrol sells shares of Empresa Energia de Bogota for COP 347.8 bln
Friday, 3 Jun 2016 09:44am EDT 

Ecopetrol SA : Said on Thursday, on June 1 Ecopetrol sold 191.6 million shares of Empresa Energia de Bogota for 347.83 billion Colombian pesos ($114.87 million), that is at 1.815 pesos per share .The offer was placed for 278.2 million shares and 86.6 million shares have not been sold yet.  Full Article

Results of second auction for Ecopetrol's equity divestment plan for its shares in Empresa De Energía De Bogotá
Thursday, 2 Jun 2016 12:29pm EDT 

Ecopetrol SA: On June, second auction was held to divest and sell 278.2 million of its shares of company Empresa De Energía De Bogotá S.A. E.S.P. . Ecopetrol has option of holding up to two additional auctions for remaining number of shares, 86.6 million .Results of the second auction for Ecopetrol's equity divestment plan for its shares in Empresa De Energía De Bogotá (EEB).  Full Article

Ecopetrol to sell remaining shares of Empresa de Energia de Bogota
Tuesday, 24 May 2016 11:25am EDT 

Empresa de Energia de Bogota SA ESP (EEB) : Said on Monday Ecopetrol plans to run a second public offer to sell EEB shares that weren't acquired in the first take . Public tender will take place before the market opens on June 1 .Ecopetrol holds 3.03 percent in EEB.  Full Article

Ecopetrol SA - Bombings halt pumping of crude on Colombia's No. 2 oil pipeline - Reuters
Tuesday, 9 Feb 2016 11:44am EST 

Ecopetrol SA:Pumping of crude on Colombia's Cano Limon pipeline has been halted after two bomb attacks late on Monday, state-run oil company Ecopetrol said - RTRS.Ecopetrol operates the 780 km (485 mile) pipeline, which has the capacity to transport 210,000 barrels of crude per day from the northeastern province of Arauca to the Caribbean coast, on behalf of U.S.-based Occidental Petroleum Corp.The two attacks, one in Boyaca province and the other in Arauca, required the company to suspend the pipeline's pumping operations, a spokesman told Reuters.Colombian rebel groups the Revolutionary Armed Forces of Colombia (FARC) and National Liberation Army (ELN) have often targeted oil infrastructure, bombing pipelines and trucks carrying crude oil.Ecopetrol did not say who was responsible for the attacks.  Full Article

Fitch affirms national credit rating on Ecopetrol SA
Friday, 18 Dec 2015 05:09am EST 

Ecopetrol SA:Fitch affirms national credit rating for Ecopetrol SA at AAA(col) in long term perspective and F1+(col) in short term perspective.Outlook is stable.  Full Article

Ecopetrol SA to reorganize its participation in Oleoducto de Colombia
Monday, 28 Sep 2015 07:45pm EDT 

Ecopetrol SA:To reorganize its indirect participation in Oleoducto de Colombia via Equion Energia Limited.Equion Energia Limited will transfer to its shareholders the stake company holds in Oleoducto de Colombia.To carry out the reorganization, Equion Energia Limited will create two Colombian subsidiaries SENTO SAS and Proyectos ODC N1 SAS with initial capital of 2 million pesos each.Ecopetrol will hold 51 pct stakes in both subsidiaries.  Full Article

Ecopetrol SA to sell 5.32 pct stake in Interconexion Electrica
Wednesday, 9 Sep 2015 08:31pm EDT 

Ecopetrol SA:To sell 5.32 pct stake in Empresa Interconexion Electrica SA ESP, that is 58,925,480 shares.In the first stage of the program sets price at 7.979 pesos per share.  Full Article

Ecopetrol SA appoints Luis Fernando Ramirez as new chairman
Friday, 17 Jul 2015 06:21pm EDT 

Ecopetrol SA:Appoints Luis Fernando Ramirez as new chairman.Luis Fernando Ramirez will take place of Gonzalo Restrepo Lopez who is stepping down as chairman and member of the board.  Full Article

Moody's affirms credit rating on Ecopetrol SA
Thursday, 25 Jun 2015 08:47am EDT 

Ecopetrol SA:Moody's Investors Service has affirmed its international long term credit rating on company at Baa2.Outlook stable.  Full Article

Colombia's Ecopetrol offers 20 blocks in auction launch

BOGOTA, June 23 Colombia's state oil company Ecopetrol offered 20 oil and gas blocks for auction on Thursday, part of a company plan to cut back amid low global crude prices.