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.
Komsa, a subsidiary of U.S.-based conglomerate Koch Industries, has purchased majority rights to the petroleum coke that will be produced at Colombia’s newly renovated Reficar refinery in the coming 10…
Colombian state-controlled oil company Ecopetrol on Wednesday inaugurated a newly expanded refinery capable of processing 165,000 barrels of crude per day and equipped with the most modern technology in Latin…
At a time when oil prices have dropped globally, oil producer Colombia is importing crude oil for the first time in two years to take advantage of low foreign oil prices.
Colombia on Tuesday announced investment incentives in the oil industry to curb dropping revenue and decreasing investment necessary for the country to not run out of oil entirely.
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…
Colombia’s oil industry is preparing a national strike on March 19 after oil workers union USO called for workers to suspend work for 24 hours in an attempt to curb the cutting…
Colombia’s mines and energy minister said the Andean nation will strive to keep oil production at roughly 1 million barrels of crude per day in 2015 and also maintain coal…