Ecopetrol (EC) said Thursday its board has unanimously appointed Joaquin Gutierrez Caballero as its chief executive officer and principal legal representative, effective Monday.
Camilo Barco's appointment as interim CEO will conclude on Sunday, the company said.
Ecopetrol said Caballero's appointment was in accordance with its succession policy.
Orlen (PKN.WA) plans to initiate a squeeze-out of shares held by minority shareholders in Polish energy distributor Energa.The energy group will offer 27.60 Polish zlotys for each Energa share and will announce the squeeze-out on Sept. 30, according to a Wednesday release.Orlen said the move follows the consent of its management and supervisory boards.
Subsea7 (SUBC.OL) said Wednesday that the Turkish Petroleum Offshore Technology Center extended its contract linked to the Sakarya Phase 3 gas development in offshore Turkey.The Norwegian subsea engineering group said the extension is worth between $50 million and $150 million and covers installation and connection services to support commissioning of the project's floating production unit.Provision of management and engineering services on the project started immediately, with commissioning of the production unit planned for 2028.
Shell (SHEL.L, SHELL.AS) executed final commercial agreements with the National Gas Co. of Trinidad and Tobago to advance the development of the Aphrodite gas project in the country.The company said Wednesday that first gas from the development is expected in the second quarter of 2027. It finalized the commercial deals with the European oil and gas company in September 2026.