Colombia’s Ecopetrol profit falls 62% on oil price drop
Colombia’s state-controlled oil producer Ecopetrol on Tuesday reported a 62.2% drop in quarterly profit due to the global plunge in oil prices and costs incurred because of rebel attacks.
Colombia’s state-controlled oil producer Ecopetrol on Tuesday reported a 62.2% drop in quarterly profit due to the global plunge in oil prices and costs incurred because of rebel attacks.
Ecopetrol, Colombia’s state-run oil company, has agreed to a partnership with Japan’s Nippon Oil to explore Brazil’s Amazon basin for possible oil reserves.
State-controlled oil company Ecopetrol said it will create a subsidiary to develop offshore activities in Colombia.
Presumed guerrillas have opened fire at two civilian helicopters that were flying repairmen to the site where leftist rebels had damaged an oil pipeline in the north of Colombia, state-run…
A former co-chief executive of oil services company PetroTiger Ltd was sentenced to probation on Tuesday, a day after his bribery trial ended abruptly when he pleaded guilty to a…
Colombia cannot afford to stop fracking, according to state-run oil company Ecopetrol, alarming environmentalists across the country.
Colombia’s state-run oil company Ecopetrol said Tuesday that it would focus on developing new offshore oil wells to mitigate the damage caused by falling oil prices.
Ecopetrol’s decision to take back control of the Rubiales field will imply heavier investment for it to sustain output and now raises the pressure on Canada’s Pacific Rubiales to replace…
Colombia’s state-run oil company Ecopetrol will not extend its contract with Toronto-listed Pacific Rubiales to operate the country’s highest-producing oilfield, the company said on Friday. Under the contract, set to…