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Ecopetrol SA

  • BOGOTA, June 17- Colombia's Cano Limon-Covenas oil pipeline, the country's second biggest by volume, has been shut due to damage from bomb attacks by leftist FARC rebels which caused a significant spill that has contaminated two rivers, the army said on Wednesday. Revolutionary Armed Forces of Colombia rebels, known as FARC, have intensified attacks on...

  • Ex-PetroTiger co-CEO avoids prison in bribery case Tuesday, 16 Jun 2015 | 3:29 PM ET

    June 16- 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 single conspiracy charge. District Judge Joseph Irenas in Camden, New Jersey, to serve three years of probation and pay a $100,000 fine and $239,015 in restitution, the office of...

  • June 15- A former co-chief executive of oil services company PetroTiger Ltd pleaded guilty in a U.S. court on Monday to conspiring to bribe a Colombia government official to get help in winning a contract. In exchange for the plea from Joseph Sigelman, 43, the U.S. Department of Justice dropped several other charges, including money laundering and violating the...

  • BOGOTA, May 26- Colombia's Ecopetrol SA expects its annual investment budgets to be around $6 billion through 2020, it said in a strategic plan published on Tuesday, down from recent years as it pursues a structural savings target of $1 billion a year. Ecopetrol plans to invest around $4 billion per year in production and boost reserves by increasing the amount...

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol is the largest producer in Colombia's million...

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol said its latest results and comparative year-ago...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • BOGOTA, March 26- Gone were the party balloons emblazoned with Ecopetrol's logo at the shareholder meeting of Colombia's state oil company on Thursday. For Ecopetrol shareholders, that meant being greeted with a cheese sandwich, a plastic pen and a copy of results detailing its first quarterly loss in years. "This has me so worried; I have a big part of my savings...

  • BOGOTA, March 16- A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Canada's Pacific Rubiales to replace the future loss of nearly half its production, analysts say. Ecopetrol announced on Friday it would not renew a contract in mid-2016 under...

  • PUERTO GAITAN, Colombia, March 10- As fewer and fewer oil trucks roll through the streets of Puerto Gaitan, Mario Romero crunches the numbers. Just six months ago, Transportes Paraiso Regional had 320 drivers moving oil, machinery and personnel around Colombia's booming energy industry. The mayor's office says Puerto Gaitan, home to 45,000 people and set along...

  • BOGOTA, March 3- Colombia's state-controlled oil company Ecopetrol will propose distributing 70 percent of its 2014 net profit of 7.5 trillion pesos as an ordinary dividend at its upcoming shareholder meeting, the company said on Tuesday. The size of Ecopetrol's dividend payouts has a direct impact on the Andean nation's public finances since the...

  • What stocks are hot? Top picks from CNBC guests... Thursday, 10 Apr 2014 | 1:07 PM ET

    Ten leading money men and women have agreed to give investors access to their three best ideas this week. Here are the participants so far and their picks.

  • Here's where the real momentum lies: Pros Monday, 7 Apr 2014 | 11:19 AM ET

    Money managers Louis Navellier and Jim O'Shaughnessy give CNBC their strongest stock plays, with one focusing on dividends rather than rapid growth.

  • Dark side of nat gas boom, according to Chanos Sunday, 13 Oct 2013 | 5:00 PM ET
    Jim Chanos, president and founder of Kynikos Associates.

    The natural gas upswing in the U.S. has been well-documented, but famed short-seller Jim Chanos says he's a "glass half-empty kind of guy" and there's a downside to boom.

  • It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Eni to Invest $8 Billion to Boost Libya Production Monday, 17 Dec 2012 | 3:17 AM ET
    Gaddafi.jpg

    Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in the country.

  • Outwit the S&P in 2013 With 5 Hated Stocks Wednesday, 12 Dec 2012 | 11:51 AM ET
    Johnson & Johnson headquarters in New Brunswick, New Jersey

    Most investors don't realize that some of Wall Street's most-hated stocks could provide some much-needed love for your portfolio in 2013, according to TheStreet.com.

  • Italy - Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:00 AM ET

    The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.

  • MILAN, Oct 11- Consumption of refined oil products in Italy fell 14.8 percent year-on-year in September to around 5.3 million tonnes, driven by weaker demand for new cars and auto fuel, industry group Unione Petrolifera said on Thursday.