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Ecopetrol S.A. (EC)

NYSE - NYSE Delayed price. Currency in USD
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11.50-0.03 (-0.26%)
At close: 04:00PM EDT
11.50 0.00 (0.00%)
After hours: 07:42PM EDT
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  • Reuters

    UPDATE 2-Ecopetrol gas field could produce up to 30 mln cubic feet a day by 2026

    The Arrecife gas field could produce between 20 million and 30 million cubic feet per day between 2025 and 2026, said Ricardo Roa, CEO of Colombia's majority state-owned oil company Ecopetrol. The leftist government of President Gustavo Petro has come under pressure from industry groups urging it to ensure self-sufficiency in gas amid a pause in new exploration licenses. "Arrecife very quickly will be able to give us between 5 and 10 million cubic feet per day, but surely between 2025 and 2026 it will be giving to the system between 20 and 30 million cubic feet per day," Roa told a gas conference in the city of Cartagena on Thursday.

  • Reuters

    UPDATE 1-Colombia to loosen regulation for gas exploration, supply in short term

    Colombia will look to loosen regulation on gas exploration and supply to meet its needs in 2026 and 2027, Mines and Energy Minister Andres Camacho said on Wednesday. The South American nation needs to resolve a gas deficit amid rising demand, with measures to include buying more liquefied gas and possibly importing from neighboring Venezuela. "We have been working to make regulatory terms more flexible and guarantee enabling conditions to commercialize off-shore gas this year so that we can advance in the supply plan required in 2026 and 2027," Camacho said at an event organized by Naturgas in Cartagena.

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