Ecopetrol S.A., Colombia's largest integrated energy company, announced on March 21, 2024, that its subsidiary Refinería de Cartagena S.A.S. (Reficar) has been granted convertible preferred shares representing 19.9% of McDermott International Ltd.'s share capital. This development follows the approval of an alternative financial restructuring plan for Chicago Bridge & Iron Company N.V. (CB&I N.V.), a subsidiary of McDermott, by the District Court of Amsterdam. The restructuring process was initiated by McDermott on September 8, 2023. The court-appointed independent expert's plan allows Reficar to assert its rights and those of Colombia. Ecopetrol has a significant presence in the energy sector, with operations in the United States, Brazil, and Mexico, and through its stake in ISA, it is involved in energy transmission and other infrastructure projects across the Americas.

Ecopetrol S.A., Colombia's largest integrated energy company, announced on March 21, 2024, that its subsidiary Refinería de Cartagena S.A.S. (Reficar) has been granted convertible preferred shares representing 19.9% of McDermott International Ltd.'s share capital. This development follows the approval of an alternative financial restructuring plan for Chicago Bridge & Iron Company N.V. (CB&I N.V.), a subsidiary of McDermott, by the District Court of Amsterdam. The restructuring process was initiated by McDermott on September 8, 2023. The court-appointed independent expert's plan allows Reficar to assert its rights and those of Colombia. Ecopetrol has a significant presence in the energy sector, with operations in the United States, Brazil, and Mexico, and through its stake in ISA, it is involved in energy transmission and other infrastructure projects across the Americas.