Tag: Ecopetrol S.A.

• Thursday, February 19th 2015 - 05:57 UTC

  Colombia's Ecopetrol slashes offshore exploration budget

  

  Colombia's state-run oil producer Ecopetrol will drill three offshore wells this year, two off its Caribbean Coast and a third in the Gulf of Mexico, after slashing its offshore exploration budget to 200 million dollars down from 632 million last year, the company said.

• Friday, February 22nd 2013 - 05:11 UTC

  Colombia with enough oil for eight years at current rate of consumption

  

  Colombia only has enough oil to last another eight years and must urgently step up exploration efforts to locate more reserves, Finance Minister Mauricio Cardenas said.

• Tuesday, September 4th 2012 - 00:12 UTC

  Colombia confirms economic policy as it prepares for peace process

  

  Colombian President Juan Manuel Santos named close ally Federico Renjifo as energy and mining minister in part of a Cabinet shuffle as the leader begins pursuing a peace process with FARC rebels.

• Thursday, May 17th 2012 - 11:18 UTC

  Colombia’s oil company overtakes Petrobras as Latam’s largest company in market value

  

  Colombia’s national oil and gas corporation Ecopetrol has become Latin America's biggest company by market value, overtaking Brazil's mighty Petrobras.

• Monday, May 23rd 2011 - 06:04 UTC

  Colombia’s oil company makes new discovery; plans to drill another ten wells in the block

  

  Colombian state oil company Ecopetrol said it made a new discovery at a well in the south-eastern Caño Sur block, of which the company is the sole owner and operator.
  The Mito-1 exploratory well yielded an average of 200 barrels per day of heavy oil in initial testing, Ecopetrol, which plans to drill another 10 wells at that block in the near future, said.

• Tuesday, April 26th 2011 - 02:53 UTC

  Colombia strikes new oil well; production in March averaging 884.000 bpd

  

  Colombia’s state-run petroleum company Ecopetrol announced the results of testing from an oil well in the south of the country with initial findings showing production levels to average 92 barrels of oil a day reported the Bogotá press.

• Tuesday, December 14th 2010 - 14:05 UTC

  Colombia’s Ecopetrol announces seventh technical oil discovery in 2010

  

  Colombia’s Ecopetrol has reported oil shows from a second stratigraphic well on the Cano Sur block, where Shell holds a 50% stake. Ecopetrol said that it completed drilling of the Draco-1 well, located in the southeastern province of Meta.

• Wednesday, November 24th 2010 - 20:50 UTC

  Colombian oil industry booming; Ecopetrol plans 8.5 billion investments

  

  Colombian state oil company Ecopetrol announced investments of roughly 8.5 billion US dollars in 2011, with 5% of that total to be allocated for projects in the United States, Brazil and Peru.

• Wednesday, May 12th 2010 - 18:44 UTC

  Colombia the Rising Star of the Oil Industry in South America

  

  Colombian Oil Company Ecopetrol (NYSE:EC) said this week it broke an 11-year-old export record in April, selling 403,510 barrels per day (bpd) of crude oil and refined products to foreign clients.