Colombia’s Ecopetrol profits down 4.4% in 2012
The 2012 net income of Colombia’s state-run oil company Ecopetrol fell 4.4% compared with 2011 due to slightly lower oil prices and higher costs, and in spite of increased production.…
The 2012 net income of Colombia’s state-run oil company Ecopetrol fell 4.4% compared with 2011 due to slightly lower oil prices and higher costs, and in spite of increased production.…
Some 2,000 locals from the northeastern department of Arauca clashed with police this week after protesters blocked the entrance to four oil fields to protest what they consider a neglect…
Protesters blocking roads and oil infrastructure in eastern Colombia have said that they will continue until they get the President Juan Manuel Santos’ signature on an agreement for better regulation…
Foreign investment in Colombia’s oil and mining sector exceeded $13.12 billion in 2012, marking an 8.38% increase since 2011, local media reported on Wednesday. The records of the Central bank…
An oil pipeline in northern Colombia was bombed Tuesday for the second time in a week, reported local media. Oil has spilled into local rivers after attacks on the Caño-Limon-Coveñas…
Colombia’s President Juan Manuel Santos announced on Sunday that Colombia produced over one million barrels of oil the day before. “We had said at some time during the four years,…
One of Colombia’s largest petroleum companies, the state-owned Ecopetrol, will invest $9.5 billion in attempts to dramatically increase oil production in 2013, local media reported Wednesday. According to local media,…
Pacific Rubiales, the largest foreign oil company in Colombia, created their own in-house labor union in attempts to cut the legs out from under the USO, Colombia’s national oil workers…
Canadian oil company Pacific Rubiales is threatening to fire Colombian workers who join labor unions, a local NGO said Wednesday. In an interview with radio station W, a spokesman of…