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Key Developments: Ecopetrol SA (EC)

EC on New York Consolidated

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31 May 2016
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Latest Key Developments (Source: Significant Developments)

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

Ecopetrol SA runs a bond offering of $1.5 bln
Tuesday, 23 Jun 2015 09:04pm EDT 

Ecopetrol SA:Runs a bond offering of $1.5 bln, to use obtained resources for general corporate purposes and to finance current investment plan.Bonds are issued for 11 years (maturity date June 26, 2026).Emission date June 23, 2015 and offer closure date June 26.Yield is set to 5.457 pct, coupon to 5.375 pct, premium over US Treasury bonds at 305 basic points.Price is set to 99,328.Bonds are amortized at maturity, interest payment dates are June 26 and Dec 26 starting Dec. 26, 2015.Received orders of $4.7 billion from 280 investors.  Full Article

Ecopetrol SA pipeline bombing spills more oil into Colombian river - RTRS
Monday, 22 Jun 2015 06:40pm EDT 

Ecopetrol SA:Crude oil has spilled into another Colombian river, Ecopetrol ECO.CN said on Monday, in the latest of a slew of bomb attacks on the company's pipelines that the army has blamed on leftist rebel groups - RTRS.The company said it had suspended pumping of crude through the 300-km (186-mile) Transandino pipeline after a bomb ruptured a stretch of the line near the Pacific Coast, causing crude to gush into a river at high pressure - RTRS.Ecopetrol said it has deployed booms to try to recover the crude and prevent it reaching an inlet downstream from which water supplies are drawn - RTRS.An attack on the same pipeline last week resulted in large amounts of crude being spilled into a river and causing what Ecopetrol's chief executive described as an "environmental tragedy". The army blamed the attack on Revolutionary Armed Forces of Colombia, known as FARC - RTRS.Rebels have intensified pipeline bombings since calling off a unilateral ceasefire a month ago, and the latest attacks have been more damaging than usual as they have taken place near rivers. Rebels have also forced truck drivers to pour their oil cargoes onto roads - RTRS.  Full Article

Fitch affirms national credit rating for Ecopetrol SA
Friday, 19 Jun 2015 01:39pm EDT 

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

Petrobras reopens foreign debt markets for Brazilian corporates

NEW YORK, May 19 (IFR) - Oil firm Petrobras threw open the door for Brazilian corporate issuance this week after printing a US$6.75bn bond - the first domestic company to sell foreign debt since June 2015.