Post Tagged with: "Ecopetrol"

Source: Reuters

Colombia’s Ecopetrol to increase exploratory wells, roll over debt due in 2020

Reuters


BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will look to increase the number of exploratory wells it has planned through 2022 to up to 45 in a bid to further bolster reserves, company executives said on Wednesday.

Ecopetrol …

February 27, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Occidental reports continued momentum executing against key strategic and financial initiatives

Occidental reports continued momentum executing against key strategic and financial initiatives

Nov. 13, 2019 /PRNewswire/- (“Occidental” or “the Company”) (NYSE: OXY) today, provided an update on its speed and momentum executing against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum …

Source: PR Newswire

Ecopetrol and Occidental complete investment agreement in the US Permian Basin

BOGOTÁ, ColombiaNov. 13, 2019 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“the Company”) informs that today it completed the joint venture transaction announced last July 31, 2019.  Through this deal, the Company and Occidental Petroleum Corp (NYSE: …

Occidental and Ecopetrol Team Up in the Midland

Occidental and Ecopetrol Team Up in the Midland

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin
Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

Source: Occidental Petroleum

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

From Reuters


Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …

Source: Ecopetrol

Ecopetrol Reports Discovery

Ecopetrol reports discovery of crude in Boranda-2 ST well at Rionegro, Santander

Source: Arrow Exploration

Two New Discoveries in Colombia

Arrow Exploration Corp.
Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is

Ecopetrol to Spend $500 Million on Unconventionals Over Three Years: CEO

Ecopetrol to Spend $500 Million on Unconventionals Over Three Years: CEO

From Reuters

Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its chief executive said on Tuesday, starting with pilot programs in the Magdalena Medio region.

“We’ve applied …

March 6, 2019 - 2:54 pm Closing Bell Story‎, Crude Oil News, Energy News
Ecopetrol to Invest $3.5-$4 Billion in 2019–80% Going Upstream

Ecopetrol to Invest $3.5-$4 Billion in 2019–80% Going Upstream

Ecopetrol will invest US$ 3.5 to US$ 4 billion in 2019

Ecopetrol Announces Resignation of Vice President for Strategy and Finance

Ecopetrol Announces Resignation of Vice President for Strategy and Finance

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that due to her appointment as the Republic of Colombia’s Minister of Mines and Energy, María Fernanda Suárez has resigned from Ecopetrol, effective August 6, 2018.

August 1, 2018 - 11:57 am Closing Bell Story‎, Energy RSS, International
Colombia’s Ecopetrol to Prepay All International Loans

Colombia’s Ecopetrol to Prepay All International Loans

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports it will prepay all loans entered into in 2013 with international banks and guaranteed by the US Export-Import Bank, which had been subject to a payment schedule to 2023.

The loan agreements allow …

June 21, 2018 - 12:38 pm Closing Bell Story‎, Energy News, Finance
Image: Oil & Gas 360

Ecopetrol Makes 2nd Oil Discovery in Columbia, $3.5-$4 Billion Investment Plan

Ecopetrol (ticker: EC) said that the Coyote-1 well confirmed the presence of oil in the Middle Magdalena Valley basin in Santander. The finding was recorded between 2,042 and 2,177 meters in depth, confirming the presence of medium crude. The API …