Key Developments: Ecopetrol SA (EC)

EC on New York Consolidated

34.93USD
25 Jul 2014
Price Change (% chg)

$0.11 (+0.32%)
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$34.82
Open
$34.91
Day's High
$34.99
Day's Low
$34.85
Volume
12,833
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413,702
52-wk High
$49.03
52-wk Low
$32.73

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Latest Key Developments (Source: Significant Developments)

Fitch assigns credit ratings to Ecopetrol SA
Tuesday, 11 Feb 2014 02:46pm EST 

Ecopetrol SA:Fitch Ratings has assigned to the company its long-term Issuer Default Rating (IDR) in the foreign currency at BBB and in the local currency at BBB+.The agency has also assigned its national long and short-term credit ratings at AAA(col) and F1+(col), respectively.The outlook is stable.  Full Article

Ecopetrol SA appoints new Chairman
Friday, 24 Jan 2014 04:52pm EST 

Ecopetrol SA:Says the Board, at its meeting held on Jan. 24, appointed Gonzalo Restrepo Lopez as the new Chairman.  Full Article

Fitch upgrades its credit ratings on Ecopetrol SA
Thursday, 12 Dec 2013 08:02am EST 

Ecopetrol SA:Says Fitch Ratings has upgraded its ratings in the foreign currency on the company to BBB from BBB-.Says Fitch Ratings has upgraded its ratings in the local currency to BBB+ from BBB.Says the outlook is stable.  Full Article

Ecopetrol SA receives four patents in three countries
Wednesday, 4 Dec 2013 08:02am EST 

Ecopetrol SA:Says the authorities of the United States, Mexico and Colombia granted four patents to the company for four technological developments related to production, refining and transport of hydrocarbons.Says the United States Patent and Trademark Office (USPTO) has patented in the United States two technologies that prevent the destructive action caused by the metals known as vanadium compounds in crude oil refining processes.Says the Mexican Institute of Industrial Property (IMPI) in Mexico has granted the patent for a strategy against fuel theft.Says the Superintendency of Industry and Commerce in Colombia has granted the patent for a process that increases the life of the pipes used in the production fields.Says all of the patents are valid for 20 years.  Full Article

Ecopetrol SA Reports Sanction Imposed By Ministry Of Labor
Thursday, 21 Nov 2013 04:51pm EST 

Ecopetrol SA announced that it was notified of the Resolution No. 000333 of October 22, 2013 by which the Ministry of Labor-Territorial Directorate of the Labour Office of Barrancabermeja imposed a fine on the Company consisting of 100 minimum monthly wages, equivalent to the amount of COP 58,950,000, due to alleged illegal workday schedule of the operators of Galan Plant.  Full Article

Ecopetrol SA Announces Appointment Of New Chief Financial Officer
Wednesday, 13 Nov 2013 05:05pm EST 

Ecopetrol S.A announced that Magda Manosalva has been appointed as its new Chief Financial Officer.  Full Article

Ecopetrol SA Receives Its Third Patent On Biofuels In Colombia
Tuesday, 12 Nov 2013 05:30pm EST 

Ecopetrol SA announced that it has received a patent from Superintendencia de Industria y Comercio de Colombia for a technology that can generate biofuels. It is the third patent related to biofuels that the Company obtained.  Full Article

Ecopetrol SA's Oil Pipeline Shut After Bomb Attacks-Reuters
Monday, 7 Oct 2013 10:20am EDT 

Reuters reported that Colombia's oil pipeline, the Cano Limon-Covenas, has been temporarily shut down after three bomb attacks, state oil company Ecopetrol SA said on October 07, 2013, explosions the security forces attributed to leftist guerrillas. The closure of the 780-km (484 mile) pipeline owned by Ecopetrol did not immediately affect exports or oil production by U.S. oil producer Occidental Petroleum Corp, which feeds oil into the pipeline from a field it operates near the Venezuelan border.  Full Article

Ecopetrol SA Receives Its First Patent In China
Monday, 30 Sep 2013 05:00pm EDT 

Ecopetrol SA announced that the Chinese Patent Office (SIPO) granted an invention patent in technology to the Company. This is the first patent received by the Company in China, the second granted internationally in the year 2013 and the sixth granted in the year 2013.  Full Article

Ecopetrol SA Announces Further Details On Its Program Of Issuance And Placement Of Bonds And Commercial Papers
Friday, 9 Aug 2013 04:29pm EDT 

Ecopetrol SA announced the Prospectus on the Program of Issuance and Placement of Bonds and Commercial Papers in the amount of up to COP 3,000,000,000,000. The Public Internal Bonds in the nominal amount of COP 50,000,000 will be issued in four series: A,B,C and D, and will have a maturity from three years to 30 years, as of the Issuance Date, and the Commercial Papers in the nominal amount of COP 10,000,000 will be issued in four series: A,B,C and D, and will have a maturity from 30 days to one year, as of the Subscription Date.  Full Article

Colombia's Ecopetrol will not adopt STAR technology to boost oil output

BOGOTA, July 23 - Colombia's state oil company Ecopetrol will not adopt Pacific Rubiales Energy Corp's STAR technology to extract heavy crude more efficiently, Ecopetrol said in a regulatory filing on Wednesday.

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