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Ecopetrol SA

  • 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...

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • MEXICO CITY, Dec 11- Mexico said on Thursday it would cap the number of shallow-water projects companies can bid for as it set out initial contracts for the historic opening of its oil and gas industry, but did not specify the share the government will take. Following a reform that ended Mexico's 75- year state monopoly, officials unveiled details of the first...

  • MEXICO CITY, Dec 11- Mexico said on Thursday it would cap the number of shallow water contracts companies can bid for as it outlined the tender for the first leg of the country's energy sector opening, but gave on word on how much tax the government will take. Following a sweeping energy reform that ended a 75- year state monopoly, Mexico's National Hydrocarbons...

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  • 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.

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    Johnson & Johnson headquarters in New Brunswick, New Jersey

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  • 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.

  • ENI CEO says mulling not renewing take-or-pay contracts Wednesday, 10 Oct 2012 | 9:17 AM ET

    ROME, Oct 10- Italian oil and gas group ENI. is considering not renewing so-called "take-or-pay" contracts and is discussing the issue with Italian authorities, Chief Executive Paolo Scaroni said on Wednesday.

  • *CDP sells 3.3 pct stake in Eni to help fund Snam stake buy. MILAN, Oct 9- Italy's state investment holding company, Cassa Depositi e Prestiti, completed the sale of a 3.3 percent stake in oil group Eni on Tuesday for 2.1 billion euros to help fund the acquisition of a controlling stake in gas network company Snam.

  • ROME, Oct 9- Italy's state investment holding company Cassa Depositi e Prestiti said on Tuesday it had completed the sale of a 3.3 percent stake in oil group Eni, selling some 58.3 million shares between Sept. 24 and Oct. 9 for around 1 billion euros.

  • *Says hopes to be profitable in France "very quickly". launched a retail gas offer in France on Tuesday, hoping to triple its number of customers by 2016 in a tightly-knit market still dominated by former monopoly GDF Suez.